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Journal Article
Roundtable discussion: reflection on twenty years of bank regulatory reform
In 1986 the American Bankers Association asked five banking academics to assess and recommend policy options to improve the banking system's efficiency, performance, and safety. The report these five economists produced, Perspectives on Safe and Sound Banking: Past, Present, and Future, has in many ways served as a roadmap for ensuing bank regulatory reforms. In this roundtable discussion, each of the five authors reflects on the past twenty years and the current status of the banking industry and, in some cases, shares thoughts about the industry's future direction.
Journal Article
The supervisory implications of financial globalization: three views
At the 1989 Lake Bluff conference on globalization, three authorities presented their personal?and conflicting?views on international financial regulation in general, and the 1988 BIS-sponsored Basle agreement, in particular.
Conference Paper
Selecting monetary targets in a changing financial environment
Conference Paper
Basel II: a contracting perspective
Conference Paper
Changing incentives facing financial-services regulators
Conference Paper
Offshore financial regulatory competition: a force for modernization and for crisis
How policymakers frame an economic problem inevitably restricts the range of policy solutions they entertain. It is important to prevent restrictions on the range of policy options being explored from undermining the quality of policy performance. This implies that outside economists should challenge misframing whenever they see it. ; This paper contends that, at least in the financial press, policymakers and some economists are misframing two related problems in financial regulation. The first concerns the nature of the process by which financial modernization spreads from country to ...