Kiel Working Papers, Kiel Institute for World Economics
No 1461:
An International Rule System to Avoid Financial Instability
Horst Siebert
Abstract: In a series of summits, leading countries of the world
will meet to draw up an in¬ternational 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 mone¬tary
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 man¬agement in the US and in the EU and
considers the problems that have to be solved by an in¬ternational rule
system
Keywords: climate change, financial crises, the world trading system, oil supplies, immigration; (follow links to similar papers)
JEL-Codes: E2,; E3,; E5,; F02,; F33,; F37,; F4,; F5,; G2,; P00; (follow links to similar papers)
34 pages, November 2008
Before downloading any of the electronic versions below
you should read our statement on
copyright.
Download GhostScript
for viewing Postscript files and the
Acrobat Reader for viewing and printing pdf files.
Downloadable files:
KAP1461.pdf 
Download Statistics
Report other problems with accessing this service to Sune Karlsson ()
or Helena Lundin ().
Programing by
Design Joakim Ekebom
