Former central banker Paul Tucker is the chair of the Systemic Risk Council, a Fellow at the Harvard Kennedy School, and author of Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State. 

LONG BIO

Is There Macroprudential Policy without International Cooperation?

 Stephen G. Cecchetti and Paul M.W. Tucker, Asia Economic Policy Conference

In this paper we address three questions: (1) Does global finance require a common prudential standard? (2) Does global finance require international cooperation in overseeing the system’s safety and soundness? And (3), does global finance require notification, cooperation, and coordination of dynamic regulatory policy adjustments? 

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