The Limits of Surveillance and Financial Market Failure Lessons from

This book examines the effectiveness of surveillance by international institutions for financial crisis prevention. It discusses issues relating to designing effective micro- and macro-prudential policies, their mixes and their coordination with monetary

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The Limits of Surveillance and Financial Market Failure Lessons from the Euro-Area Crisis Edited by

Kumiharu Shigehara

Copyright material from www.palgraveconnect.com - licensed to New York University - Waldmann Dental Library - PalgraveConnect - 2015-05-17

The Limits of Surveillance and Financial Market Failure

10.1057/9781137471475 - The Limits of Surveillance and Financial Market Failure, Edited by Kumiharu Shigehara

10.1057/9781137471475 - The Limits of Surveillance and Financial Market Failure, Edited by Kumiharu Shigehara

Copyright material from www.palgraveconnect.com - licensed to New York University - Waldmann Dental Library - PalgraveConnect - 2015-05-17

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Lessons from the Euro-Area Crisis Edited by

Kumiharu Shigehara President, International Economic Policy Studies Association

10.1057/9781137471475 - The Limits of Surveillance and Financial Market Failure, Edited by Kumiharu Shigehara

Copyright material from www.palgraveconnect.com - licensed to New York University - Waldmann Dental Library - PalgraveConnect - 2015-05-17

The Limits of Surveillance and Financial Market Failure

All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No portion of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, Saffron House, 6–10 Kirby Street, London EC1N 8TS. Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. The authors have asserted their rights to be identified as the authors of this work in accordance with the Copyright, Designs and Patents Act 1988. First published 2014 by PALGRAVE MACMILLAN Palgrave Macmillan in the UK is an imprint of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS. Palgrave Macmillan in the US is a division of St Martin’s Press LLC, 175 Fifth Avenue, New York, NY 10010. Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world. Palgrave® and Macmillan® are registered trademarks in the United States, the United Kingdom, Europe and other countries. ISBN 978–1–137–47146–8 This book is printed on paper suitable for recycling and made from fully managed and sustained forest sources. Logging, pulping and manufacturing processes are expected to conform to the environmental regulations of the country of origin. A catalogue record for this book is available from the British Library. Library of Congress Cataloging-in-Publication Data The limits of surveillance and financial market failure : lessons from the Euro-area crisis / [edited by] Kumiharu Shigehara. pages cm Includes index. ISBN 978–1–137–47146–8 (hardback) 1. Finance—European Uni