Principles of Financial Regulation : A Dynamic Portfolio Approach

Economists seeking explanations for the global financial crisis of 1997-99 are reaching consensus that a major factor was weak financial institutions, which resulted in part from inadequate government regulations. At the same time many developing c...

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Bibliographic Details
Main Author:	Stiglitz, Joseph E.
Format:	Journal Article
Language:	English en_US
Published:	Washington, DC: World Bank 2014
Subjects:	ACCESS TO CREDIT ADVERSE EFFECTS AMOUNT OF CREDIT ARBITRAGE ASSET BASE ASSET MANAGEMENT ASSET PORTFOLIO ASSET PRICES ASSET RESOLUTION ASSET VALUES ASSETS ASYMMETRIC INFORMATION BAD ASSETS BAILOUTS BALANCE SHEET BALANCE SHEETS BANK ACCOUNTS BANK FAILURES BANK INSOLVENCIES BANK LENDING BANK OWNERS BANK PORTFOLIO BANK REGULATION BANK RESTRUCTURING BANKING CRISES BANKING SYSTEM BANKING SYSTEMS BANKRUPT BANKRUPTCIES BANKRUPTCY BANKRUPTCY LAW BANKS BIASES BOND BOOK VALUE BORROWER BORROWING CAPITAL ACCOUNT CAPITAL ADEQUACY CAPITAL ADEQUACY REQUIREMENT CAPITAL ADEQUACY REQUIREMENTS CAPITAL BASE CAPITAL MARKET CAPITAL MARKET LIBERALIZATION CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CASH FLOW CENTRAL BANK CENTRAL BANKING CIVIL WAR COLLATERAL COLLATERAL REQUIREMENT COLLATERAL REQUIREMENTS CONNECTED LENDING CORPORATE BANKRUPTCIES CREDIT CONSTRAINTS CREDIT CRUNCH CREDITOR CRIMINAL PENALTIES DEBTOR DEBTOR RIGHTS DEFAULTS DEPOSIT DEPOSIT INSURANCE DEPOSIT INSURANCE SYSTEM DEPOSIT RATE DEPOSIT RATES DEPOSITOR DEPOSITORS DEPOSITS DEREGULATION DERIVATIVE DEVALUATION DEVELOPING COUNTRIES DIRECTED CREDIT DIVERSIFICATION DIVIDENDS ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ENTREPRENEURS EQUITIES EQUITY CAPITAL EVENT OF BANKRUPTCY EXPLICIT DEPOSIT INSURANCE EXPOSURE TO RISK EXTERNALITIES FEDERAL RESERVE FIDUCIARY RESPONSIBILITIES FINANCIAL ACCOUNTING FINANCIAL CONSTRAINTS FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DISTRESS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL LIBERALIZATION FINANCIAL MARKET FINANCIAL POSITION FINANCIAL REGULATION FINANCIAL RESTRUCTURING FINANCIAL SECTOR FINANCIAL SECTOR REGULATION FINANCIAL SERVICES FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCIAL TRANSACTIONS FINANCIAL WEAKNESSES FLOW OF CREDIT FORBEARANCE FOREIGN BANKS FOREIGN CURRENCY FREE MARKETS GAMBLING GOVERNMENT BONDS GOVERNMENT INTERVENTION GOVERNMENT REGULATION GOVERNMENT REGULATIONS HIDDEN SUBSIDY HIGH INTEREST RATE HIGH INTEREST RATES HOLDINGS HUMAN RESOURCES IMPLICIT GUARANTEE INCOME INFLATION INFORMATION ASYMMETRIES INSIDER LENDING INSTRUMENT INTEREST COSTS INTEREST RATE INTEREST RATE POLICIES INTEREST RATES INTERNATIONAL BANK INTERNATIONAL BANKING INTERNATIONAL ECONOMICS INTERNATIONAL FINANCE INVESTMENT CAPITAL JUDGMENT LAND SPECULATION LAND VALUES LEGAL ENVIRONMENT LENDER LENDERS LEVERAGE LIABILITY LIQUIDITY LOAN LOAN PORTFOLIOS LONG-TERM INTEREST LONG-TERM INTEREST RATES LOW INTEREST RATES MACROECONOMIC POLICY MARK TO MARKET MARKET DISCIPLINE MARKET ECONOMIES MARKET FAILURES MARKET REGULATION MARKET RISK MARKET VALUE MONETARY CLAIMS MONETARY FUND MONETARY POLICY MORAL HAZARD MORTGAGE MORTGAGE REGULATIONS NATIONAL BUDGETS NET VALUE NET WORTH NEW ENTRANTS NONBANK FINANCIAL INSTITUTIONS NONBANKS NONPERFORMANCE NONPERFORMING LOANS PARTICULAR ASSET PENALTIES PORTFOLIO PRIVATE BANKS PROBLEM BANKS PRUDENTIAL REGULATION PUBLIC EXPENDITURES PUBLIC FUNDS PUBLIC POLICY RATING AGENCIES REAL ESTATE REAL ESTATE ASSETS REAL ESTATE LOANS RECESSION REGULATORS REGULATORY AUTHORITIES REGULATORY CAPACITIES REGULATORY CAPACITY REGULATORY FRAMEWORK REGULATORY POLICIES REGULATORY REFORM REGULATORY REGIME REGULATORY REGIMES REGULATORY STRUCTURE RESERVES RETURN RETURNS RISK DIVERSIFICATION RISK EXPOSURE RISK MANAGEMENT RISK OF DEFAULT RISK PREMIUM RISK SHARING RISK TAKING SAVINGS SOLVENCY SOURCES OF FUNDS STATE BANKS SUPPLY OF CREDIT SYSTEMIC CRISES SYSTEMIC CRISIS TRANCHE TRANSACTION TRANSFER PAYMENT TRANSITION ECONOMIES TRANSPARENCY TRANSPARENT SYSTEMS TREASURY TREASURY BILLS TRUST CORPORATION USE OF DERIVATIVES VALUATION WORKOUT
Online Access:	http://documents.worldbank.org/curated/en/2001/01/17591975/principles-financial-regulation-dynamic-portfolio-approach http://hdl.handle.net/10986/17126