literature however suggests an opposite effect related to regulation, with tighter regulations encouraging foreign lending …

that the U.S. would experience a sudden stop of capital flows, which would unavoidably drag the world economy into a deep … instead that the root imbalance was of a different kind: The entire world had an insatiable demand for safe debt instruments … of exposing the economy to a systemic panic. This structural problem can be alleviated if governments around the world …

mechanism. However, an appropriate policy mix of sound public finances, solid financial regulation and targeted macroprudential …

' trading and participation decisions. Our model predicts that regulation that protect prices will lead to fragmentation and …