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 …

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