2008/4
Monetary Policy, Regulation and Volatile Markets

edited by Morten Balling, Ernest Gnan and Catherine Lubochinsky,Vienna, 2008

ISBN 978-3-902109-44-6
 
Turmoil in financial markets causes reflection. Is monetary policy conducted in the most efficient way? Are regulatory and supervisory arrangements adequate when market volatility increases and financial institutions come under stress? In the present SUERF Study, we have collected the reflections by an outstanding group of top officials, researchers and observers. The editors are proud to be able to present their joint insights to SUERF readers. The papers were presented at the 27th SUERF Colloquium in Munich in June 2008: New trends in asset management: Exploring the implications.
 
Chapters

Financial Markets and the Central Bank
Axel A. Weber

Should Monetary Policy respond to Asset Price Bubbles? Revisiting the Debate
Sushil Wadhwani

An alternative approach to regulation of collective investment schemes: from asset allocation to risk budgeting
Andrea Vivoli

A Financial Stability Approach to the Appropriate Regulation of Hedge Funds
Jesper Ulriksen Thuesen

The Sub-Prime Crisis: Some Lessons for Financial Supervisors
Fernando Restoy

The Housing Bubble, Liquidity and Central Banks
John P. Calverley
 

Additional Info
Keywords:Financial markets, volatility, regulatory and supervisory arrangements, LATW, bubbles, monetary policy, asset prices, interest rate policy, LTCM, Basel II, MiFID, subprime, CDOs
ISBN No.: 978-3-902109-44-6
Authors: John P. Calverley, Fernando Restoy, Jesper Ulriksen Thuesen, Andrea Vivoli, Sushil Wadhwani, Axel A. Weber
Editors: Morten Balling, Ernest Gnan, Catherine Lubochinsky

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Study 2008/4