Systemic Risk: January 2011 Archives

The New Art of Central Banking

| | Comments (0) | TrackBacks (0)
Can central bankers stop worrying about inflation and learn to love the new financial stability culture? A new article in Institutional Investor magazine includes comments from Regulating Wall Street Co-Editor Viral Acharya, and highlights the NYU Stern Systemic Risk Rankings as a tool for financial regulators. 

Read the article on


The Dodd-Frank Act, signed into law in July 2010, represented the most significant and controversial overhaul of the U.S. financial regulatory system since the Great Depression. Forty NYU Stern faculty, including editors Viral V. Acharya, Thomas F. Cooley, Matthew P. Richardson, and Ingo Walter, provide a definitive analysis of the Act, expose key flaws and propose solutions to inform the rules’ adoption by regulators, in a new book, Regulating Wall Street: The Dodd-Frank Act and the New Architecture of Global Finance (Wiley, November 2010).

About Restoring Financial Stability

Previously, many of these faculty developed 18 independent policy papers offering market-focused solutions to the financial crisis, which were published in a book, Restoring Financial Stability: How to Repair a Failed System (Wiley, March 2009).

About the Authors