Acharya, Viral V. - East Asian Bureau of Economic Research (EABER) - 2012
fundamentally flawed as a way of designing macroprudential regulation of the finance sector. In contrast, the Dodd-Frank Act has … several redeeming features, including requirements of stress-test-based macroprudential regulation and explicit investigation … dynamic sector risk-weight adjustment approach. It concludes with some important lessons for regulation of the finance sector …