Macro-Prudential Financial Regulation: Panacea or Placebo?
This article examines the potential efficacy of macro-prudential financial regulation as a mechanism for preventing future systemic crises. I argue that the potential efficacy of macro-prudential financial regulation will be undermined by (1) the complexity of financial markets and our incomplete...
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| Format: | Article |
| Language: | English |
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Amsterdam Law Forum
2009-04-01
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| Series: | Amsterdam Law Forum |
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| Online Access: | http://ojs.ubvu.vu.nl/alf/article/view/75 |