| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 967487 | Journal of Monetary Economics | 2011 | 9 Pages |
Abstract
⺠The banking industry is considerably more complex today than ever before. ⺠Banking regulation has not kept pace with all the complexities of financial innovation. ⺠Uncertainty about bank solvency was more central to the recent financial crisis than illiquidity. ⺠GAAP accounting should be replaced with proper risk accounting methods in bank regulations. ⺠Lags in regulatory reform can create systemic risk; we need more adaptive regulations.
Related Topics
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Economics and Econometrics
Authors
Andrew W. Lo,