Lessons and Policy Implications from the Global Financial Crisis

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Price:  $18.00

Author/Editor: Luc Laeven, Deniz Igan, Stijn Claessens, Giovanni Dell'Ariccia
Release Date: © February, 2010
ISBN : 978-1-45196-302-1
Stock #: WPIEA2010044
Stock Status: On back-order

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The ongoing global financial crisis is rooted in a combination of factors common to previous financial crises and some new factors. The crisis has brought to light a number of deficiencies in financial regulation and architecture, particularly in the treatment of systemically important financial institutions, the assessments of systemic risks and vulnerabilities, and the resolution of financial institutions. The global nature of the financial crisis has made clear that financially integrated markets, while offering many benefits, can also pose significant risks, with large real economic consequences. Deep reforms are therefore needed to the international financial architecture to safeguard the stability of an increasingly financially integrated world.


Asset prices , Bank regulations , Banks and banking , Capital markets , Economic policy , Financial crisis , Financial institutions and markets , Fiscal policy , International financial system

More publications in this series: Working Papers

More publications by: Luc Laeven ; Deniz Igan ; Stijn Claessens ; Giovanni Dell'Ariccia