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paper, by means of a DSGE model including heterogeneous firms and banks, financial frictions and prudential regulation … increases the volatility of lending and output. We further show that relying on microprudential regulation alone would not be … microprudential regulation, leads to a Pareto improvement. …
Persistent link: https://www.econbiz.de/10014490442
Persistent link: https://www.econbiz.de/10012887903
micro-prudential regulation as a driver towards more sustainable lending – as well as potential repercussions on the …
Persistent link: https://www.econbiz.de/10014238464
Persistent link: https://www.econbiz.de/10014261337
development of the market, incorporating best practices in market regulation and building on lessons learned from recent market … measures, describes the evolution of securities and commodities market regulation, identifies aspects of a carbon market that …
Persistent link: https://www.econbiz.de/10014148560
Prudential financial regulators, central banks, and regulatory authorities have increasingly come to recognize that they have a role to play in dealing with climate change, including climate disasters such as storms, tornados, tsunamis, and so on. Such climate events impact the real economy by...
Persistent link: https://www.econbiz.de/10012545798
for macroprudential regulation to curtail the financial risks caused by climate change, namely the funding of climate … concludes by observing that macroprudential climate regulation would, in addition to preventing a climate-driven financial …
Persistent link: https://www.econbiz.de/10012840937
. Accordingly, the authors suggest a role for financial regulation in the transition. …
Persistent link: https://www.econbiz.de/10014295540
The chief goal of financial regulation is to protect our economy from the enduring harm inflicted by financial crises … such a climate-inspired financial crisis, but the regulatory managerialist turn in banking regulation has unfortunately set … managerialist practices and ideology – and how that turn might be reversed so that banking regulation has a better chance of …
Persistent link: https://www.econbiz.de/10014255430
The paper analyses potential effects of climate change on financial institutions and the broader financial system. It also examines a significant role financial authorities could play within their existing mandate so as to mitigate risks to financial stability. In particular, the paper...
Persistent link: https://www.econbiz.de/10014355339