Open AccessExplaining the Stunted Rise of Macroprudential Regulatory Philosophies
Author(s) -
Andrew Baker
Publication year - 2013
Publication title -
deleted journal
Language(s) - English
Resource type - Journals
ISSN - 2446-0893
DOI - 10.7146/politik.v16i4.27560
Subject(s) - crash , systemic risk , macroprudential regulation , economics , process (computing) , financial system , business , financial crisis , macroeconomics , computer science , programming language , operating system
In the aftermath of the nancial crash of 2008, policy makers operating in international nancial regula- tory networks discovered macroprudential regulation (MPR) and ‘systemic risk’. Macroprudential ideas rose to prominence quite rapidly in the aftermath of the nancial crash of 2008, but the process of translating these ideas into concrete regulatory practice has proceeded slowly and incrementally. e article sets out to explain why this has been the case citing ve factors that have been responsible for stunting the development of macroprudential regulation.