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Engineering the Financial Crisis: Systemic Risk and the Failure of Regulation

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Engineering the Financial Crisis: Systemic Risk and the Failure of Regulation - Friedman, Jeffrey, and Kraus, Wladimir
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This study examines the role of the Basel Accords--a set of international standards regulating bank capital--in the global financial crisis. It argues that because the accords were so widely adopted, they effectively homogenized the banking industry, increasing the systemic risk they were intended to prevent.

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Engineering the Financial Crisis: Systemic Risk and the Failure of Regulation 2011, University of Pennsylvania Press, Philadelphia

ISBN-13: 9780812243574

Hardcover