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the financial system as a whole, which is the key to drive macro-prudential regulation forward within the regime of … of financial system's network and a practical method of macro-prudential regulation is proposed. Second, by analyzing the …
Persistent link: https://www.econbiz.de/10013123162
We set out a stylised framework for the policies enacted to address the risks posed by systemically important institutions (SIIs) and to counter the too-big-to-fail (TBTF) problem, examining conceptually how far supervisory and resolution policies are complementary or substitutable. The...
Persistent link: https://www.econbiz.de/10015071011
the organizational design of supervisory institutions impacts the enforcement of financial regulation. Banks under …
Persistent link: https://www.econbiz.de/10013470956
the organizational design of supervisory institutions impacts the enforcement of financial regulation. Banks under …
Persistent link: https://www.econbiz.de/10013555717
I study rollover risk in the wholesale funding market when intermediaries can hold liquidity ex ante and are subject to fire sales ex post. Precautionary liquidity restores multiple equilibria in a global rollover game. An intermediate liquidity level supports both the usual run equilibrium and...
Persistent link: https://www.econbiz.de/10010360348
regulation did not take the "big picture" of the system suffciently into account and, subsequently, financial supervision mainly … "missed the forest for the trees". As a result, the need for macroprudential aspects of regulation emerged, which has recently … macroprudential regulation in creating stable, yet effcient financial systems. At the same time, I emphasize the importance of …
Persistent link: https://www.econbiz.de/10011477338
Persistent link: https://www.econbiz.de/10009535205
This article examines the potential efficacy of macro-prudential financial regulation as a mechanism for preventing … future systemic crises. I argue that the potential efficacy of macro-prudential financial regulation will be undermined by (1 …
Persistent link: https://www.econbiz.de/10013159470
” and “systemic shock,” into the popular and academic legal community; one such term is “macroprudential regulation.” Once … the implementation of macroprudential regulation as it has gone from a theoretical construct to implemented policy. In … particular, the article examines macroprudential regulation's domestic and cross-border development and applications in the …
Persistent link: https://www.econbiz.de/10013055473
The 2008 financial crisis exposed a longstanding problem in financial regulation: traditional regulatory strategies … regulation was a key driver of the housing bubble in the mid-2000s and the massive credit crunch that followed. To combat this … together, these reforms are critical to making countercyclical financial regulation work and creating a more stable and …
Persistent link: https://www.econbiz.de/10013226804