Macroprudential Regulation of International Finance

Download or read book Macroprudential Regulation of International Finance written by Dongsoo Kang and published by Edward Elgar Publishing. This book was released on 2016-09-30 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent events, such as capital flow reversals and banking sector crises, have shaken faith in the widely held belief in the benefits of greater financial integration and financial deepening, which are typical in advanced economies. This book shows that emerging economies have often weathered the storm best despite the supposed burden of ‘weak institutions’. It demonstrates that a better policy framework requires reliable indicators of vulnerability to financial instability, as well as improved policy tools and automatic stabilizers that anticipate and limit the vulnerabilities to financial crises.