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Persistent link: https://www.econbiz.de/10009581584
The Economists' Voice: Top Economists Take On Today's Problems featured a core collection of accessible, timely essays on the challenges facing today's global markets and financial institutions. The Economists' Voice 2.0: The Financial Crisis, Health Care Reform, and More is the next installment...
Persistent link: https://www.econbiz.de/10014482550
financial crisis and bank bailouts results in two indispensable essays on investment banking regulation after Bear Stearns and … Challenges of Financial Reform -- 10. Finding the Sweet Spot for Effective Regulation -- 11. A Recipe for Ratings Reform -- 12 …: Financial Crisis and Bailouts -- 15. Hedge Fund Wizards -- 16. Investment Banking Regulation After Bear Stearns -- 17. Why …
Persistent link: https://www.econbiz.de/10012689264
To address the challenges posed by global systemically important banks (G-SIBs), the Basel Committee on Banking Supervision recommended an "additional loss absorbency requirement" for these institutions. Along these lines, I develop a microfounded design of capital surcharges that target the...
Persistent link: https://www.econbiz.de/10011433258
We study the efficiency of banking regulation under financial integration. Banks freely choose the jurisdiction where …
Persistent link: https://www.econbiz.de/10011458020
I study central supervision of local financial regulators in an economic union. Regulators each privately observe benefits from lenient local macroprudential policies. Separate deposit insurance funds allow no discretion to set policies because, with integrated financial markets, regulators...
Persistent link: https://www.econbiz.de/10012899109
Banking is risky and prone to failure. Yet banking regulation is surprisingly not all that risk-sensitive in practice …. I show that when the bank has an informational advantage over the regulator, designing risk-sensitive banking regulation … gives rise to a trade-off: relying on the banking market for information to refine regulation improves bank risk-taking but …
Persistent link: https://www.econbiz.de/10012935624
We study the efficiency of banking regulation under financial integration. Banks freely choose the jurisdiction where …
Persistent link: https://www.econbiz.de/10012991941
We study the efficiency of banking regulation under financial integration. Banks freely choose the jurisdiction where …
Persistent link: https://www.econbiz.de/10012993683
The deferred recognition of COVID-induced losses at banks in many countries hasreignited the debate on regulatory forbearance. This paper presents a model where thepublic's own political pressure drives regulatory policy astray, because the public is poorlyinformed. Using probabilistic game...
Persistent link: https://www.econbiz.de/10013243078