The just-released book SYSTEMIC RISK ANDMACROPRUDENTIAL REGULATIONS: Global Financial Crisis and Thereafter adds to
the story of the last financial crisis of 2008-09 that threw the globe into the
gutter of gloom. Learning from the reasons for that crisis, this book adds a
new dimension on “how to reduce the severity of such crises in the future.” It
starts with the various financial regulatory reforms undertaken by the G-20 and
Financial Stability Board (FSB) in this direction and spells out an Early
Warning Mechanism and a Crisis Management Framework which every financial
institution should put in place. With the help of a forward-looking stress
testing programme, the supervisory interventions should be intensive, while
regulations aligned to requirements.
The book identifies Systemic Risk as the new villain and finds
macroprudential policies as the best bet to address them. A sweet blend of use
of monetary policy along with macroprudential tools, in fact, could be the best
possible solution to handle brewing points of crises.
It also
finds the solution in the effective international coordination of monetary and
financial stability policies for the global spill-over of policy actions
initiated at the various end in the globe. While it recognises the contribution
of the current arrangements in this regard, it recommends a “bottoms-up” a framework which should give better results to tackle the menace of potential
financial crises.
This book
is published by SAGE Publications with a 'Foreword' written by Professor
Benjamin Friedman of Economics Department, Harvard University. 'Advance Praise'
for the book has been showered by Professors/Economists - Charles A.E.
Goodhart, Michael D. Bordo, Phillip Turner, C. Gopinath, Jeffrey C. Furher,
Sheri Markose, Sanjay Kollapur, Shawn Cole, Eswar Prasad and Claudio Borio and
former RBI Governors - C. Rangarajan, Y.V. Reddy, and D. Subbarao.
The book will be useful reading for (a) Students,
Teachers, Researchers, and Consultants in the areas of Economics & Finance
(b) Professionals working in the Financial Sector & Central Banks.
The Author of the Book is Dr. Rabi
N. Mishra, Executive Director, Reserve Bank of India, Mumbai and the title is
now available at Amazon (both Hardback and Kindle) and Flipkart.
สล็อต เว็บไซต์สล็อต สล็อตออนไลน์ ยอดนิยมแล้วก็เป็นที่ชอบใจเป็นอย่างมากสำหรับผู้เล่นเกมสล็อตออนไลน์ในช่วงเวลานี้ PG SLOT นับว่าเป็นที่น่าดึงดูดช่วยทำเกมให้กับผู้เล่น24ชม.
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