Publication
Nov 2008
This paper examines a possible international rule system for hindering similar financial crisis as the one of 2007/08. It discusses the lessons from the subprime crisis, failures of regulation and crisis management in the US and the EU. The author argues that the rule system should include appropriate principles of monetary policy, rules for financial soundness and agreements on the role of prudent regulation.
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English (PDF, 34 pages, 255 KB) |
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Author | Horst Siebert |
Series | Kiel Institute Working Papers |
Issue | 1461 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2008 Kiel Institute for the World Economy |