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This book examines the global financial crisis of 2008-2009, with a focus on banking regulation, government policy and systemic risk. The authors explore what went wrong in the run-up to the crisis, then derive lessons for reforming banks, regulation, supervision, and state intervention. Key themes include designing better state supervision, aligning incentives in banking, preventing too-big-to-fail institutions, ensuring resolution mechanisms (how failing banks should be dealt with), and balancing between stability and efficiency in the banking system
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Publisher: Princeton University Press
Publishing Year: 2010
ISBN: 978-0-691-14523-5
Pages: 138