Showing 1 - 10 of 17
Persistent link: https://www.econbiz.de/10001858763
Persistent link: https://www.econbiz.de/10003482701
We propose a regulatory approach for restricting debt financing as an amplification mechanism across the financial system. A small stylised model illustrates the trade-off between static and time varying limits on leverage in dampening the financial cycle. The policy section proposes its...
Persistent link: https://www.econbiz.de/10010532609
Persistent link: https://www.econbiz.de/10011325713
Persistent link: https://www.econbiz.de/10010386950
Persistent link: https://www.econbiz.de/10010500958
Persistent link: https://www.econbiz.de/10011479737
Financial supervision focuses on the aggregate (macroprudential) in addition to the individual (microprudential). But an agreed framework for measuring and addressing financial imbalances is lacking. We propose a holistic approach for the financial system as a whole, beyond banking. Building on...
Persistent link: https://www.econbiz.de/10011389515
"In light of on-going global financial crises, the institutional structure of financial regulation is currently a subject of significant academic and practical interest. The financial crisis has called into question the adequacy of financial regulation at the national and supranational levels,...
Persistent link: https://www.econbiz.de/10010393786
Persistent link: https://www.econbiz.de/10002449930