Financial regulation is usually justified by pointing to market imperfections that regulation seeks to address. Yet all real-world markets are imperfect and the welfare costs arising from these imperfections create strong incentives for market participants to devise their own solutions....

The seminar will focus on a wide range of financial stability issues. The topics covered in the event will fit within the following broad themes: • the enhanced role of the Bank of England in the UK framework for financial stability; • identification and assessment of key risks to financial...

The aim of this workshop is to allow those responsible for the design and implementation of such policies to deepen their theoretical understanding of monetary operations and to compare and contrast experiences with their peers. The following topics will be covered: • scale of liquidity...

The seminar will focus on the following topics: • an introduction to the relevant theory; • expert overviews of key markets and topics; • financial market regulation; and • an in-depth examination of a particular market and/or topic (in recent years we have focused upon real estate...

This seminar offers central bankers the opportunity to deepen their knowledge of the theoretical and practical aspects of these recent challenges to financial stability and macroprudential policy, and to share experiences with their peers. The following key topics are likely to be covered: •...

One reason behind the lack of consensus on how best to maintain financial stability is the fact that systemic risk is particularly difficult to model and measure. To this day, there is no widely-accepted quantitative metric for assessing whether financial systems have become more stable over...

Financial regulation is usually justified by pointing to market imperfections that the regulation seeks to address. Yet all real-world markets are imperfect and the welfare costs arising from these imperfections create strong incentives for market participants to devise their own solutions....