- xxiii, 110 p. : ill. ; 25 cm.
- Additional Authors
- Brunnermeier, Markus Konrad.
- Corporate Author
- Centre for Economic Policy Research (Great Britain)International Center for Monetary and Banking Studies
- Contents: Analytical background -- Nature of systemic risk -- Who should be regulated (by whom) -- Counter-cyclical regulation -- Regulation of liquidity and maturity mismatches -- Other regulatory issues -- The structure of regulation -- Conclusions -- Appendix: the boundary problem in financial regulation -- Discussion and roundtables.Includes bibliographical references (p.108-110).Summary: "Today's financial regulatory systems assume that regulations which make individual banks safe also make the financial system safe. The eleventh Geneva Report on the World Economy shows that that thinking is flawed. Actions that banks take to make themselves safer can - in times of crisis - undermine the system's stability. The Report argues for a different approach" -- xvi