What is it about?
Within this volume and chapter, the author doesn’t merely identify and highlight the general root causes of global financial crises and the current prevailing economic issues within the financial environment, but gives each chapter recommendations and measures that address issues which contribute to the magnitude and severity of global financial crises.
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Why is it important?
Given the levels of interest rates at the moment - as well as the global economic climate, there are serious concerns that further repercussions - principally attributed to monetary policies and current political pressures, may trigger the levels of borrowing. Political pressures partly being derived from ongoing trade wars and tensions - which threaten to escalate if other trade "weapons", or negotiating tools such as practices of currency devaluation are severely or significantly allowed to break/cross their traditional boundaries.
Perspectives
The advancement of techniques, tools and vehicles used to disguise many economic indicators, the growing use of foreign currency debt - rather than resorting to domestic bonds - as well as the use of trust vehicles has become more complex and sophisticated over the years. The growing presence of shadow banking activities - which to a significant extent, can still be considered unregulated, testifies - as well as justifies the need for regulatory intervention in areas which pertain not only to Securities Financing Transactions, but also the shadow banking sectors.
Prof Marianne Ojo
Northwestern University
Read the Original
This page is a summary of: Capital, Liquidity Standards and Macro Prudential Policy Tools in Financial Supervision: Addressing Sovereign Debt Problems, SSRN Electronic Journal, Social Science Electronic Publishing,
DOI: 10.2139/ssrn.1850712.
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Resources
Capital, Liquidity Standards, and Macro prudential Policy Tools in Financial Supervision: Addressing Sovereign Debt Problems
Chapter 6, Recovering From The Global Financial Crisis: Achieving Financial Stability In Times Of Uncertainty, Capital, Liquidity Standards, and Macro prudential Policy Tools in Financial Supervision: Addressing Sovereign Debt Problems
Financial Stability, New Macroprudential Arrangements, and Shadow Banking: Regulatory Arbitrage and Stringent Basel III Regulations
Chapter 8 Financial Stability, New Macroprudential Arrangements, and Shadow Banking: Regulatory Arbitrage and Stringent Basel III Regulations, Recovering From The Global Financial Crisis: Achieving Financial Stability In Times Of Uncertainty
Wall Street Journal, (2019). “ India’s Bond Market Could Benefit from Some Sin”
"....................................While governments in emerging markets have spent decades developing domestic bond markets, the India's finance ministry is turning to foreign-currency debt...."
WSJ (2019), "Strains Emerge in China’s $3 Trillion Financing Market"
WSJ (2019). Strains Emerge in China’s $3 Trillion Financing Market https://www.wsj.com/articles/strains-emerge-in-chinas-3-trillion-financing-market11562837403?mod=cxrecs_join#cxrecs_s
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