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http://hdl.handle.net/10419/24856
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| Title: | | An international rule system to avoid financial instability  |
| Authors: | | Siebert, Horst |
| Issue Date: | | 2008 |
| Citation: | | [Series:] Kiel working paper [No.:] 1461 [Editor:] Kiel Inst. for the World Economy, Kiel |
| Series/Report no.: | | Kiel working paper 1461 |
| Abstract: | | In a series of summits, leading countries of the world will meet to draw up an international arrangement for financial stability. Such a rule system should prevent a financial crisis as we have seen it in 2007 and 2008. It should include appropriate principles of monetary policy, rules for financial soundness and agreements on the role of prudent regulation. The paper discusses the lessons from the subprime crisis, failures of regulation, crisis management in the US and in the EU and considers the problems that have to be solved by an international rule system. |
| Subjects: | | Financial instability lessons from the subprime crisis failures of regulation crisis management elements of an international rule system role of the IMF |
| JEL: | | E2 E3 E5 F02 F33 F37 F4 F5 G2 P00 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Kieler Arbeitspapiere, IfW Economists Online
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