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The Fundamental Principles of Financial Regulation

The Fundamental Principles ofFinancial RegulationGeneva Reports on the World Economy 07/05/2009 16:48 Page iInternational Center for Monetary and banking Studies (ICMB)International Center for Monetary and banking Studies 11 A Avenue de la Paix1202 GenevaSwitzerlandTel (41 22) 734 9548 Fax (41 22) 733 3853 Website: June 2009 International Center for Monetary and banking StudiesCentre for Economic Policy Research (CEPR)Centre for Economic Policy Research53-56 Great Sutton StreetLondon EC1V 0 DGUKTel: +44 (0)20 7183 8801 Fax: +44 (0)20 7183 8820 Email: Library Cataloguing in Publication DataA catalogue record for this book is available from the British LibraryISBN: 07/05/2009 16:48 Page iiThe Fundamental Principles ofFinancial RegulationGeneva Reports on the World Economy 11 Markus BrunnermeierPrinceton University and CEPRA ndrew Crocket JPMorgan Chase Charles GoodhartLondon School of EconomicsAvinash D.

of Banking and Finance at LSE since 1985. Before then, he had worked at the Bank of England for seventeen years as a monetar y adviser, becoming a Chief Adviser in 1980. In 1997 he was appointed one of the outside independent members of the Bank of England’s new Monetary Policy Committee until May 2000. Earlier he had taught at Cambridge and LSE.

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