Engineering the Financial Crisis: Systemic Risk and the Failure of Regulation
Jeffrey Friedman, Wladimir KrausThis study examines the role of the Basel Accords—a set of international standards regulating bank capital—in the global financial crisis. It argues that because the accords were so widely adopted, they effectively homogenized the banking industry, increasing the systemic risk they were intended to prevent.
This study examines the role of the Basel Accords—a set of international standards regulating bank capital—in the global financial crisis. It argues that because the accords were so widely adopted, they effectively homogenized the banking industry, increasing the systemic risk they were intended to prevent.
წელი:
2011
გამომცემლობა:
University of Pennsylvania Press
ენა:
english
გვერდები:
224
ISBN 10:
0812205073
ISBN 13:
9780812205077
ფაილი:
PDF, 1.25 MB
IPFS:
,
english, 2011
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