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International Financial Reform: Regulatory And Other Issues

  • John Hawkins
  • Philip Turner

Abstract

This chapter reviews how various mechanisms of prudential oversight over the financial system can help make an economy more resistant to contagious financial shocks.1 Other policy measures that play a useful role in some circumstances — such as capital controls, lender of last resort arrangements and the choice of exchange rate regime — are mentioned only tangentially as they are covered in the chapter by Chang and Majnoni.

Keywords

Central Bank Banking System Credit Rating Hedge Fund International Financial 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media New York 2001

Authors and Affiliations

  • John Hawkins
    • 1
  • Philip Turner
    • 1
  1. 1.Bank for International SettlementsUSA

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