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Lessons from the global financial crisis for regulators and supervisors

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  • Willem Buiter

Abstract

This lecture is a tour d’horizon of the financial crisis aimed at extracting lessons for future financial regulation. It combines normative recommendations based on conventional welfare economics with positive assessments of the kind of measures likely to be adopted based on political economy considerations.

Suggested Citation

  • Willem Buiter, 2009. "Lessons from the global financial crisis for regulators and supervisors," FMG Discussion Papers dp635, Financial Markets Group.
    • Handle: RePEc:fmg:fmgdps:dp635
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    File URL: http://www.lse.ac.uk/fmg/workingPapers/discussionPapers/fmgdps/DP635.pdf
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    References listed on IDEAS

    as
    1. George A. Akerlof, 2009. "How Human Psychology Drives the Economy and Why It Matters," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 91(5), pages 1175-1175.
    2. Willem H. Buiter, 2008. "Central banks and financial crises," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 495-633.
    3. Buiter, Willem, 2007. "Lessons from the 2007 Financial Crisis," CEPR Discussion Papers 6596, C.E.P.R. Discussion Papers.
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    Cited by:

    1. Pierre-Richard Agénor & Luiz A. Pereira da Silva, 2013. "Inflation Targeting and Financial Stability: A Perspective from the Developing World," Working Papers Series 324, Central Bank of Brazil, Research Department.
    2. Dennis Veltrop & Jakob de Haan, 2014. "I just cannot get you out of my head: Regulatory capture of financial sector supervisors," DNB Working Papers 410, Netherlands Central Bank, Research Department.
    3. Christophe André, 2016. "Household debt in OECD countries: stylised facts and policy issues," Chapters from NBP Conference Publications, in: Hanna Augustyniak & Jacek Łaszek & Krzysztof Olszewski & Joanna Waszczuk (ed.), Papers presented during the Narodowy Bank Polski Workshop: Recent trends in the real estate market and its analysis - 2015 edition, chapter 2, pages v1, 33-85, Narodowy Bank Polski.
    4. Ignacio Benito Amaro, 2020. "Evaluación Económica de pérdidas por enfermedades en bovinos: métodos de valuación de perdida," Asociación Argentina de Economía Política: Working Papers 4310, Asociación Argentina de Economía Política.
    5. Víctor A. Beker, 2020. "How to prevent a new global financial crisis," Asociación Argentina de Economía Política: Working Papers 4309, Asociación Argentina de Economía Política.
    6. Alessandro Gennaro & Michelle Nietlispach, 2021. "Corporate Governance and Risk Management: Lessons (Not) Learnt from the Financial Crisis," JRFM, MDPI, vol. 14(9), pages 1-19, September.

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    More about this item

    JEL classification:

    • G00 - Financial Economics - - General - - - General
    • E00 - Macroeconomics and Monetary Economics - - General - - - General

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