Series: Staff Discussion Notes
Author(s): Ceyla Pazarbasioglu , Jianping Zhou , Vanessa Le Leslé , and Michael Moore
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 25 January 2011
Keywords: Contingent capital, Bonds, Banks, Financial institutions, Financial instruments, Financial reform, Moral hazard, Risk management, Financial regulation, Too Big to Fail
The causes of the global financial crisis were multi-faceted but revealed still unresolved weaknesses in national and international financial oversight and resolution frameworks. In particular, many governments in...