Systemic Risk and Macroprudential Regulation: Global Financial Crisis and Thereafter

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.