The consensus that surrounded the granting of central bank independence in the pursuit of a price stability oriented monetary policy has been challenged in the aftermath of the global financial crisis, in the light of the ...

Asset quality is a key indicator of sound banking. However, it is difficult for banking regulators and investors to assess it in the absence of a common, cross-border scheme to classify assets. Currently no standard is ...

The Oxford Handbook of Financial Regulation is the first comprehensive, authoritative, and state-of-the-art account of the nature of financial regulation.

Responses to the global financial crisis that commenced in 2007 and reached its zenith in 2008 included unprecedented central bank emergency liquidity assistance (ELA) and a myriad of bailout programmes (comprising guarantees, ...

In the twenty-first century sovereign debt problems are not just the domain of emerging market economies. They have also become a feature of the economic environment in a number of developed countries in particular in the ...