the effects of banking regulation on macroeconomic dynamics. In particular, we study the overall credit exposure and the … overall exposure for banking stability, even if both features are very important. We show that a too tight regulation is …

The 2008 financial crisis exposed a longstanding problem in financial regulation: traditional regulatory strategies … regulation was a key driver of the housing bubble in the mid-2000s and the massive credit crunch that followed. To combat this … together, these reforms are critical to making countercyclical financial regulation work and creating a more stable and …