Nordic Economic Policy Review 2020: Financial regulation and macroeconomic stability in the Nordics
Author | : Calmfors, Lars |
Publisher | : Nordic Council of Ministers |
Total Pages | : 268 |
Release | : 2020-06-15 |
ISBN-10 | : 9789289365666 |
ISBN-13 | : 9289365668 |
Rating | : 4/5 (66 Downloads) |
Book excerpt: How well designed are the financial regulations that have been imposed after the global financial crisis in 2008–09 and the subsequent euro crisis? Will the new bail-in rules work in a systemic crisis, or do we risk further costly bail-outs by governments? How does monetary policy influence household debt? Have macroprudential tools been well-calibrated? Answers to these questions are crucial for judging the risks that the current corona crisis might also trigger a new financial crisis. The 2020 issue of the Nordic Economic Policy Review consists of six papers, including an introduction by editors Lars Calmfors and Peter Englund.