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Michael Pomerleano

Michael Pomerleano is Lead Financial Specialist in the Financial Sector Development Department of the World Bank Group.

Titles by This Editor

The Implications for Monetary, Regulatory, and International Policies

In both the industrialized and developing worlds, a distinctive feature of the last two decades has been prolonged buildups and sharp collapses in asset markets such as stock, housing, and exchange markets. The volatility has sparked intense debate in academic and policy circles over the appropriate monetary and regulatory response to dramatic market shifts.This book examines asset price bubbles to further our understanding of the causes and implications of financial instability, focusing on the potential of central banks and regulatory agencies to prevent it.