Book notes: Guardians of Finance

Guardians of Finance by James Barth Gerard Caprio and Ross Levine

James R Barth, Gerard Caprio Jr. and Ross Levine, Guardians of Finance, MIT Press, 2012, 296 pages

This is a book offering a useful contribution to the debate over the future of regulation. Much of the focus of the investigation into what went wrong in respect of the ongoing financial crisis since 2008 has been on the financial markets themselves, blaming multiple layers of collateralised debt obligations and credit default swaps, or an overheated US mortgage market. Others have focused on cross