Financial regulation, deposit insurance and financial stability

Author: Liu Renwu
Publisher:
Publish Date: 2005-04-01
Features: Since the 1980s, financial globalization, innovation in financial products and services, and the wave of deregulation have brought about tremendous changes in the financial industry, as well as the frequent occurrence of financial crises in the 1990s. The reality of the crises and poor regulatory performance have sparked strong attention and heated discussions among policymakers and scholars regarding the allocation of power in financial regulatory authorities and the performance of the financial safety net. To better understand the latest views in the international financial community on the allocation of financial regulatory functions and the construction of the financial safety net, this book introduces ten papers on topics such as the allocation of banking regulatory power, the ethics of financial regulation, and the construction of the financial safety net. These papers largely reflect the latest insights of international economic and financial organizations and experts, and these perspectives will play a positive role in improving the allocation of regulatory functions, the construction of the financial safety net, and their refinement in China.