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

I characterize the optimal financial regulation policy in an economy where financial intermediaries trade capital … assets on behalf of households, but must retain an equity stake to align incentives. Financial regulation is necessary …

regulation accounts for roughly 60% of shadow bank growth, while technology accounts for roughly 30% …

productivity growth. However, while there is a vast empirical literature analyzing the impact of financial openness on output … growth, far less attention has been paid to its effects on productivity growth. We provide a comprehensive analysis of the … relationship between financial openness and total factor productivity (TFP) growth using an extensive dataset that includes various …

factor productivity growth is more important than the effect on capital growth. This explains why the growth effects of … that are more financially developed or have higher quality of institutions experience larger productivity growth responses …