. Without regulation, funds hold insufficient deposits and must sell bonds when hit by large redemptions. Bond liquidation is …

We analyse the cross-border propagation of prudential regulation in the euro area. Using the Prudential Instruments …

existing capital regulation by tackling this issue. Welfare-maximizing DPTs are effective (more than the CCyB) in smoothing the … to a Basel III-type of capital regulation through various channels …

In this paper we examine the quantitative effects of margin regulation on volatility in asset markets. We consider a … of collateral constraints leads to strong excess volatility. Thus, a regulation of margin requirements may have … stabilizing effects. However, in line with the empirical evidence on margin regulation in U.S. stock markets, we show that changes …

How to conduct macro-prudential regulation? How to coordinate monetary policy and macro-prudential policy? To address …