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Since the May 6th, 2010 flash crash in the U.S., appropriate measures ensuring safe, fair and reliable markets become more relevant from the perspective of investors and regulators. Circuit breakers in various forms are already implemented for individual markets to ensure price continuity and...
Persistent link: https://www.econbiz.de/10013086388
This chapter of the forthcoming Oxford Handbook of Financial Regulation considers, in broad historical perspective and … financial crises and regulation. It begins with an overview of financial crises generally, and then considers both the … historical and potential future role of regulation in financial crises. It discusses various theories of the roots of financial …
Persistent link: https://www.econbiz.de/10013054054
The development of macroprudential policy tools has been one of the most significant changes in banking regulation in …
Persistent link: https://www.econbiz.de/10011568519
The development of macroprudential policy tools has been one of the most significant changes in banking regulation in …
Persistent link: https://www.econbiz.de/10011595267
Do regulations decrease dealer ability to intermediate trades? Using a unique data set of dealer-bond-level transactions, we link changes in liquidity of individual U.S. corporate bonds to dealers’ transaction activity and balance sheet constraints. We show that, prior to the financial crisis,...
Persistent link: https://www.econbiz.de/10011576274
We study the effects of the Dodd-Frank Act (“Dodd-Frank”) on determinants of credit ratings. We predict that the increase in regulatory oversight and litigation risk prompted by Dodd-Frank, as well as requirements for improved disclosures and governance, motivated credit rating agencies...
Persistent link: https://www.econbiz.de/10012854130
The development of macroprudential policy tools has been one of the most significant changes in banking regulation in …
Persistent link: https://www.econbiz.de/10012963211
We estimate the impact of the extensity of macroprudential policies on the correlation of the policy interest rates between the center economies (CEs, i.e., the U.S., Japan, and the Euro area), and the peripheral economies (PHs). We find a more extensive implementation of macroprudential...
Persistent link: https://www.econbiz.de/10012941469
The development of macroprudential policy tools has been one of the most significant changes in banking regulation in …
Persistent link: https://www.econbiz.de/10012978107
-border spillovers from macroprudential policy. Moreover, I find that the overall effect from more macroprudential regulation is highly …
Persistent link: https://www.econbiz.de/10013315068