Matthias Thiemann (Sciences Po Paris)

Taming the Cycles of Finance?

Central Banks and the Macro-Prudential Shift in Financial Regulation

• Gebundenes Buch

Produktbeschreibung

Central banks act as systemic firefighters, quelling financial instability. This book traces post-crisis attempts to limit instability, turning central banks de facto into policemen. It details the massive investment of central bank economists to enable this preventive policy and shows administrative and political constraints limiting its effects.

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Produktdetails

• Verlag: Cambridge University Press
• Seitenzahl: 352
• Erscheinungstermin: 22. Februar 2024
• Englisch
• Abmessung: 230mm x 156mm x 25mm
• Gewicht: 654g
• ISBN-13: 9781009233132
• ISBN-10: 1009233130
• Artikelnr.: 68319501

Autorenporträt

Matthias Thiemann is associate professor of European public policy at sciences po's center for European studies. His work focuses on the ideational underpinnings of financial regulation and its policy effects. He published The Growth of Shadow Banking: A Comparative Institutional Analysis (2018) with Cambridge University Press.

Inhaltsangabe

1. Introduction; 2. The changing regulation of finance after the crisis:
state of the art and beyond; 3. The evolution of systemic risk thinking
pre-crisis: an expert network in the making; 4. The selective rise of
macro-prudential ideas in the wake of the crisis; 5. Is resilience enough?
the implementation of the macro-prudential reform agenda in the US, the UK
and the Euro-zone; 6. From the global to the local: enacting the
counter-cyclical capital buffer through the creation of early warning
systems; 7. Taming liquidity and leverage in the shadow banking sector; 8.
Into the upswing; 9. The crisis that wasn't: the covid crisis and its
regulatory implications; 10. Conclusion: the asymmetric application of
financial stability concerns.