Financial Regulations

Rapid changes in the technological, economic, social, demographic, and regulatory environments have led financial institutions to evolve their strategies for gaining competitive advantage. The growth of the financial sector around the world depends on critical factors such as globalization, regulatory compliance, risk management, technological innovation, and demographics. The changing landscape of financial institutions in the context of competition, diversification, new products, and new geographic markets has dramatically changed the risk profile of financial institutions.

There are many excellent monetary economics textbooks in terms of coverage and pedagogical tools written by accomplished monetary economists. So why another textbook? This book differs from the traditional money and banking textbook in three significant ways: first, it offers a unifying framework; second, it approaches many topics from a different perspective from other textbooks; and, third, it offers a less encyclopaedic approach than that presented in other textbooks.

The topics and the order of chapters are presented in the context of a unifying framework referred to as the nation's financial and monetary regime. The nation's financial and monetary regime consists of these three parts: 1) the financial system; 2) government regulation and supervision; and 3) central banks and central bank policy. Each component of the regime is addressed in a logical order so that the student can obtain a unified perspective of the most important topics covered in a monetary economics course.

Approach to Topics in This Book

In the context of the unifying framework of the nation's financial and monetary regime, this book offers different perspectives, both in terms of pedagogical presentation and issues.

"Do not invest, if you can't afford to lose,
because no price is too low for a bear or too high for a bull."

- Ruchi Prabhu