Macroprudential policy : taming the wild gyrations of credit flows, debt stocks and asset prices /
Saved in:
| Author / Creator: | Barwell, Richard, 1974- |
|---|---|
| Imprint: | Houndmills, Basingstoke, Hampshire ; New York : Palgrave Macmillan, 2013. |
| Description: | xvii, 378 pages ; 24 cm |
| Language: | English |
| Subject: | |
| Format: | Print Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/9268645 |
Table of Contents:
- Introduction
- Key Recommendations
- Acknowledgements
- Part I. The Practice of Macroprudential Policy
- 1. Preliminaries
- 1. The incalculable costs of financial crises
- 2. Defining financial stability...
- 3. Explaining the failure to act
- 4. A whistle-stop tour of the microprudential reform agenda
- 2. The Design of Macroprudential Policy
- 1. Enter macroprudential policy
- 2. Resilience versus credit smoothing
- 3. A cost-benefit analysis of macroprudential policy
- 4. Managing the contradictions
- 3. The Institutions of Macroprudential Policy
- 1. Macroprudential policy in the United Kingdom
- 2. It ain't what you do, it's the reason that you do it
- 3. The European dimension
- 4. The global macroprudential agenda
- 4. The Instruments of Macroprudential Policy
- 1. The transmission of policy
- 2. Capital surcharges
- 3. Contingent capital
- 4. Regulating the liquidity cycle
- 5. The lender of last resort
- 6. The marker maker of last resort
- 5. The Conduct of Macroprudential Policy
- 1. Canaries in me coalmine
- 2. Macroprudential policy from 30,000 feet
- 3. The Sherlock Holmes approach to macroprudential policy
- 4. Thinking the thinkable: systemic stress tests and Bayesian nets
- 5. Macroprudential regulation of the SIFIs: separating science fact from science fiction
- Part II. The Theory of Macroprudential Policy
- 6. The Conventional Wisdom
- 1. Meet the conventional wisdom
- 2. The key pillars of the classical edifice
- 3. Walrasian auctioneers: nothing worth shouting about
- 4. The representative agent assumption
- 5. The irrelevance of capital structure
- 7. An Unstable System
- 1. The mavericks
- 2. Following the herd
- 3. Introducing institutions
- 4. Credit, balance sheets and asset prices
- 5. The family tree of financial crises
- 6. The hysteresis loop
- 7. The liquidity cycle
- 8. Final Thoughts
- 1. Are financial markets worth the heartache?
- 2. The way ahead
- Bibliography
- Index
