Regulatory Reform
本文总结了全球金融危机后美国和西欧金融监管的关键改革，解释其如何相互配合，评估相关学术文献，并提出六个待研究的重要问题。
In the wake of the global financial crisis (GFC), many nations embarked on reform to the financial regulatory system. This reform, unprecedented in its scope, touched virtually every part of the financial system in the United States and Western Europe. This article summarizes the key reforms, explains how these reforms fit together, assesses the relevant scholarly literature, and suggests six significant areas of open questions for researchers. These six areas are ( a) liquidity rules, ( b) central clearing of swaps, ( c) shadow banking, ( d) lenders of last resort, ( e) extended guarantees, and ( f) resolution and restructuring.