Systemic Risk and Prudential Regulation in the Global Economy

  • Authors
  • Freixas, Xavier
  • UPF authors
  • FREIXAS DARGALLO, XAVIER;
  • Authors of the book
  • Evanoff, D.D.; Hoelscher, D.S.; Kaufman, G.G. (eds.)
  • Book title
  • Globalization and Systemic Risk
  • Publisher
  • World Scientific Publishing Co.
  • Publication year
  • 2009
  • Pages
  • 145-167
  • ISBN
  • 978-981-283-337-2
  • Abstract
  • he following sections are included:IntroductionThe Cost¿Benefit Analysis of the Safety NetDirect benefits of bailoutsPreventing contagionIndirect contagionThe cost of a bailoutThe International Safety Net: Preventing the International Interbank Market GridlockCost¿Benefit Analysis of a Multinational Bank BailoutPerfect informationA unique regulatorDecentralization with two countriesImplementing the Bailout of a Multinational BankOptimal ex post decisionThe ex post mechanismImprovised cooperationNoncommitment and truthful revelationProxy-based mechanismsAsymmetric information and regulatory cooperationRegulatory ImplicationsReferences
  • Complete citation
  • Freixas, Xavier. Systemic Risk and Prudential Regulation in the Global Economy. In: Evanoff, D.D.; Hoelscher, D.S.; Kaufman, G.G. (eds.). Globalization and Systemic Risk. 1 ed. New Jersey: World Scientific Publishing Co.; 2009. p. 145-167.