This chapter reviews how various mechanisms of prudential oversight over the financial system can help make an economy more resistant to contagious financial shocks.1 Other policy measures that play a useful role in some circumstances — such as capital controls, lender of last resort arrangements and the choice of exchange rate regime — are mentioned only tangentially as they are covered in the chapter by Chang and Majnoni.
|Title of host publication||International Financial Contagion|
|Editors||Stijn Claessens, Kristin J. Forbes|
|Place of Publication||USA|
|Number of pages||31|
|Publication status||Published - 2001|
HAWKINS, J., & Turner, P. (2001). International Financial Reform: Regulatory And Other Issues. In S. Claessens, & K. J. Forbes (Eds.), International Financial Contagion (pp. 431-460). USA: Springer. https://doi.org/10.1007/978-1-4757-3314-3_16