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Enlisting Macroprudential and Market Regulatory Structures to Strengthen Prudential Supervision

In: Implications of the Global Financial Crisis for Financial Reform and Regulation in Asia

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  • Larry D. Wall

Abstract

In light of the experience of the global financial crisis, this book develops concrete recommendations for financial sector reform and regulation in Asian economies aimed at preventing the recurrence of systemic financial crises, improving the ability to manage and resolve crises, managing capital flows and promoting the development of Asian bond markets.

Suggested Citation

  • Larry D. Wall, 2012. "Enlisting Macroprudential and Market Regulatory Structures to Strengthen Prudential Supervision," Chapters, in: Masahiro Kawai & David G. Mayes & Peter Morgan (ed.), Implications of the Global Financial Crisis for Financial Reform and Regulation in Asia, chapter 3, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14483_3
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    References listed on IDEAS

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    1. Wall, Larry D., 2009. "Prudential Discipline for Financial Firms: Micro, Macro, and Market Structures," ADBI Working Papers 176, Asian Development Bank Institute.
    2. Raghuram G. Rajan, 2013. "The Credit Crisis and Cycle-Proof Regulation," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 461-467.
    3. Mayes, David G. & Nieto, María J. & Wall, Larry, 2008. "Multiple safety net regulators and agency problems in the EU: Is Prompt Corrective Action partly the solution?," Journal of Financial Stability, Elsevier, vol. 4(3), pages 232-257, September.
    4. Yuliya Demyanyk & Otto Van Hemert, 2011. "Understanding the Subprime Mortgage Crisis," The Review of Financial Studies, Society for Financial Studies, vol. 24(6), pages 1848-1880.
    5. Eric Rosengren, 2009. "Could a systemic regulator have seen the current crisis?," Speech 25, Federal Reserve Bank of Boston.
    6. Robert R. Bliss & George G. Kaufman, 2006. "U.S. corporate and bank insolvency regimes: an economic comparison and evaluation," Working Paper Series WP-06-01, Federal Reserve Bank of Chicago.
    7. Christopher L. Culp, 2002. "Contingent Capital: Integrating Corporate Financing And Risk Management Decisions," Journal of Applied Corporate Finance, Morgan Stanley, vol. 15(1), pages 46-56, March.
    8. Anil K. Kashyap & Raghuram G. Rajan & Jeremy C. Stein, 2008. "Rethinking capital regulation," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 431-471.
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