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Durable Financial Regulation : Monitoring Financial Instruments as a Counterpart to Regulating Financial Institutions

Nakamura, Leonard - 2011

This paper sets forth a discussion framework for the information requirements of systemic financial regulation. It …

Persistent link: https://www.econbiz.de/10012461652

Ethical Foundations of Financial Regulation

Kane, Edward J. - 1997

Regulation consists of rulemaking and enforcement. Economic theory offers two complementary rationales for regulating … arise in multi- party relationships and that regulation introduces opportunities to impose rules that enhance the welfare of … discretion and choose actions for the common good. Agency-cost theories portray regulation as a way to raise the quality of …

Persistent link: https://www.econbiz.de/10012472798

Dimensions of Credit Risk and Their Relationship to Economic Capital Requirements

Carey, Mark - 2000

Now in prospect is a major revision of international bank capital regulations that would embody recent advances in credit risk measurement and management. Previous regulations have been simpler in structure, with a primary goal of getting capital requirements right on average, and thus have...

Persistent link: https://www.econbiz.de/10012471142

Regulation and Supervision : An Ethical Perspective

Kane, Edward J. - 2008

This essay shows that government credit-allocation schemes generate incentive conflicts that undermine the quality of bank supervision and eventually produce banking crisis. For political reasons, most countries establish a regulatory culture that embraces three economically contradictory...

Persistent link: https://www.econbiz.de/10012464752

Financial Innovation and the Management and Regulation of Financial Institutions

Merton, Robert C. - 1995

New security designs, improvements in computer telecommunications technology and advances in the theory of finance have led to revolutionary changes in the structure of financial markets and institutions. This paper provides a functional perspective on the dynamics of institutional change and...

Persistent link: https://www.econbiz.de/10012473791

Confronting Divergent Interests in Cross-Country Regulatory Arrangements

Kane, Edward J. - 2005

Although nation-based systems of financial regulation constitute a second-best approach to global welfare maximization …

Persistent link: https://www.econbiz.de/10012466806

Liquidity Requirements, Liquidity Choice and Financial Stability

Diamond, Douglas W. - 2016

assets to survive runs. Regulation similar to the liquidity coverage ratio and the net stable funding ratio (that are soon be … implemented) can change the bank's incentives so that runs are less likely. Optimal regulation would not mimic these rules …

Persistent link: https://www.econbiz.de/10012456621

Macroprudential Policies in Open Emerging Economies

Hahm, Joon-Ho - 2012

This paper examines macroprudential policies in open emerging economies. It discusses how the recent financial crisis has provided a rationale for macroprudential policies to help manage the economy and the need for policymakers to monitor the financial cycle and systemic risks. It also...

Persistent link: https://www.econbiz.de/10012460878

Independent Regulators and Financial Stability : Evidence from Gubernatorial Campaigns and a Progressive Era Policy Experiment

Del Angel, Marco; Richardson, Gary - National Bureau of Economic Research - 2022

Regulatory independence forms a foundation for modern financial systems. To illuminate the value of this ubiquitous institution, we examine a Progressive Era policy experiment in which hitherto independent regulators came under gubernatorial supervision. After this change, failure rates declined...

Persistent link: https://www.econbiz.de/10013191033

Using Deferred Compensation to Strengthen the Ethicsof Financial Regulation

Kane, Edward J. - 2001

Defects in the corporate governance of government-owned enterprises tempt opportunistic officials to breach duties of public stewardship. Corporate-governance theory suggests that incentive-based deferred compensation could intensify the force that common-law duties actually exert on regulatory...

Persistent link: https://www.econbiz.de/10012470321

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