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We analyze the effects of corruption and institutional quality on the quality of business regulation. Our key findings … indicate that corruption negatively affects the quality of regulation and that general institutional quality is insignificant … regulation, over wider institutional reform. -- Business Regulation ; Economic Policy ; Institutional Quality ; Corruption …
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Euro area governments have committed to break the doom loop between bank risk and sovereign risk. But policymakers have not reached consensus on whether and how to reform the regulatory treatment of banks' sovereign exposures. To inform policy discussions, this paper simulates portfolio...
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Macroprudential policy is a relatively new policy field. Its goal is to preserve financial stability and to prevent the build-up of systemic risk that may have adverse effects for the functioning of the financial system and for the real economy. New institutions have been tasked with the...
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