countries, we find that: (i) competition-enhancing regulation is associated with a higher rate of firm churning; (ii) business … regulation can be indirectly associated, via its impact on business dynamism, with the somewhat weak productivity performance in …

We analyze jointly optimal carbon pricing and leverage regulation in a model with financial constraints and endogenous … physical climate risks have a substantial impact on collateral values. Additionally introducing leverage regulation can be …

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 …

has partial control over bank regulation it can exercise regulatory lenience. Two, the Fed's stronger output orientation … procyclical capital regulation …

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

countries, we find that: (i) competition-enhancing regulation is associated with a higher rate of firm churning; (ii) business … regulation can be indirectly associated, via its impact on business dynamism, with the somewhat weak productivity performance in …