Imperial College London

Professor Franklin Allen

Business School

Executive Director of the Brevan Howard Centre
 
 
 
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Contact

 

+44 (0)20 7594 9195f.allen Website CV

 
 
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Location

 

2.05B52-53 Prince's GateSouth Kensington Campus

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Summary

 

Publications

Citation

BibTex format

@article{Allen:2018:10.1007/s10693-018-0296-7,
author = {Allen, HF and Gu, X},
doi = {10.1007/s10693-018-0296-7},
journal = {Journal of Financial Services Research},
pages = {233--248},
title = {The Interplay between regulations and financial stability},
url = {http://dx.doi.org/10.1007/s10693-018-0296-7},
volume = {53},
year = {2018}
}

RIS format (EndNote, RefMan)

TY  - JOUR
AB - The crisis demonstrated that microprudential regulation focusing on the risks taken by individual banks is not sufficient to prevent crises. This is because it ignores systemic risk. Six types of systemic risk are identified, namely: (i) panics – banking crises due to multiple equilibria; (ii) banking crises due to asset price falls; (iii) contagion; (iv) financial architecture; (v) foreign exchange mismatches in the banking system; (vi) behavioral effects from Knightian uncertainty. We focus on the first three as they are arguably the main causes of the 2007–9 crisis and consider regulatory and other policies to counteract them.
AU - Allen,HF
AU - Gu,X
DO - 10.1007/s10693-018-0296-7
EP - 248
PY - 2018///
SN - 0920-8550
SP - 233
TI - The Interplay between regulations and financial stability
T2 - Journal of Financial Services Research
UR - http://dx.doi.org/10.1007/s10693-018-0296-7
UR - http://hdl.handle.net/10044/1/58040
VL - 53
ER -