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Lessons for China from the U.S. and U.K. Experiences with Macroprudential Regulation

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Deregulation of the Chinese financial system requires strong and effective oversight, says Donald Kohn, a senior fellow in Economic Studies at the Brookings Institution and affiliated with its Hutchins Center on Fiscal and Monetary Policy. In remarks delivered on May 11 at Beijing’s Tsinghua University, Kohn discussed challenges China faces as it deregulates and liberalizes its financial sector. He highlighted six lessons from the U.S. and U.K. experiences with macroprudential regulation:

With “strong, effective oversight of the financial system,” Kohn concluded, Chinese deregulation “will increase both the stability and the productivity of the [Chinese] economy over time.”

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Pari Sastry

Research Analyst, The Hutchins Center on Fiscal and Monetary Policy

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