• ISBN13: 9788126938803
• Binding: Hardcover
• Subject: Business Management
• Publisher: Atlantic Publishers & Distributors (P) Ltd
• Publisher Imprint: Atlantic
• Publication Date: June 18, 2024
• Pages: 502
• Original Price: INR 1695.0
• Language: English
• Edition: N/A
• Item Weight: 650 grams
• BISAC Subject(s): General

The Global Financial Crisis (2007–2008) is undoubtedly the most severe financial crisis the world witnessed since the Great Depression of 1929. The crisis has been analysed by a number of experts offering distinct narratives and counter-narratives. Systemic Risk and Macroprudential Regulations examines the causes and consequences of the global financial crisis and proposes a regulatory reforms policy-macroprudential regulations. The book emphasizes ‘systemic risk’ as the new-found villain of the financial space and narrates how such risk can be addressed through macroprudential tools. It, thus, offers a possible solution to avoid financial crises in future and facilitates building a safer financial system globally. The book also examines major crisis management frameworks, stress-testing, relevant regulatory and supervisory development, and early warning mechanism with detailed cross-country analysis.

Rabi N. Mishra is Director of College of Supervisors (CoS) and Former Executive Director (Supervision & SupTech), Reserve Bank of India, Mumbai.

• List of Abbreviations ix
• Foreword by Benjamin M. Friedman xix
• Preface xxxv
• Introduction 1

• Part I: Post-crisis Financial Regulatory Reforms

• 1 Strengthening Capital and Liquidity Requirements 31
• 2 Regulatory Framework Beyond Capital and Liquidity 71

• Part II: Managing Systemic Risk through

• Macroprudential Policy
• 3 Macroprudential Policy 115
• 4 Early Warning Systems 147
• 5 Stress-Testing Programme 180
• 6 Tools for Macroprudential Policy 210

• Part III: Managing Financial Crisis

• 7 Financial Crisis Management Framework 245

• Part IV: Coordination in International Policymaking

• 8 Dynamics of International Policy Coordination 291
• 9 New Approaches to International Policy Coordination 321
• 10 Macrofinancial Policy Coordination in the Current Milieu 385
• viii Systemic Risk and Macroprudential Regulations
• Epilogue: Potential Concerns for Central Banks 417
• Index 447
• About the Author 4