Book Chapters
Systemic Risk and Prudential Regulation in the Global Economy
Authors
Freixas, Xavier
UPF authors
Type
Book Chapters
Book Authors
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.
