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This paper sets forth a discussion framework for the information requirements of systemic financial regulation. It …
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of systemic financial regulation. It specifically describes a potential large macro-micro database for the U.S. based on …
Persistent link: https://www.econbiz.de/10013096067
This paper sets forth a discussion framework for the information requirements of systemic financial regulation. It …
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The issues in today's crisis – and indeed in the most important crises, historically – can best be understood as a manifestation of asymmetric information in an environment of rapid financial innovation. The present paper reviews the asymmetric information and financial innovation frameworks...
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