Arbeitspapier

An international rule system to avoid financial instability

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.

Language
Englisch

Bibliographic citation
Series: Kiel Working Paper ; No. 1461

Classification
Wirtschaft
International Economic Order and Integration
International Monetary Arrangements and Institutions
International Finance Forecasting and Simulation: Models and Applications
Economic Systems: General
Subject
Financial instability
lessons from the subprime crisis
failures of regulation
crisis management
elements of an international rule system
role of the IMF

Event
Geistige Schöpfung
(who)
Siebert, Horst
Event
Veröffentlichung
(who)
Kiel Institute for the World Economy (IfW)
(where)
Kiel
(when)
2008

Handle
Last update
10.03.2025, 11:41 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Siebert, Horst
  • Kiel Institute for the World Economy (IfW)

Time of origin

  • 2008

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