asymmetric information. Regulation can be welfare-improving in the presence of an externality and also in case of collateral … crisis, recent advances in global liquidity regulation try to curb the excessive reliance on short-term wholesale funding … regulation may interfere with the central bank's influence on short-term money market rates. This paper tries to fill the gap in …

for prudential regulation. Voters internalize the general equilibrium impact of prudential policy on future asset prices …, distributing wealth from high- to low-income borrowers. Therefore, the high-income types support lax regulation. Political … imperfections such as exemptions of politically connected borrowers distort the marginal value of regulation. This leads connected …

appropriate contours of regulatory perimeters as well as the structure of regulation and supervision in the many area of financial … regulation. Fintech innovations also have the potential to be harnessed to serve public purposes, including expanding access to …

On the basis of an analysis of the objectives of financial regulation, this paper analyses the extent to which these … principles are implemented in the European Union, considering the specific legal structure of its financial regulation and the …

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 …

internalizing the externality and find that this is far from guaranteed. In a standard model of liquidity shocks, when liquidity is … productivity shocks, the Cournot equilibrium overcorrects for the fire-sale externality and holds less capital than socially … efficient. Implications for welfare and regulation therefore depend highly on the nature of the shocks and the competitiveness …

I analyze the effects of liquidity risk regulation in a model of investors, mutual funds, and the underlying asset …

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 …

Risk regulation is of crucial importance for the functioning of contemporary societies, where risk is ubiquitous … and policymakers decide what risks a society ought to bear? When is regulation needed to control such risks and when can … politics? This chapter presents the most relevant law and economics theories for the field of risk regulation. It first …