regulation. In part, this is due to their neglect of important regulatory choices, which policy-makers are therefore left to take …

regulation did not take the "big picture" of the system suffciently into account and, subsequently, financial supervision mainly … "missed the forest for the trees". As a result, the need for macroprudential aspects of regulation emerged, which has recently … macroprudential regulation in creating stable, yet effcient financial systems. At the same time, I emphasize the importance of …

panics. It suggests reforms that would establish a banking system similar to today's fractional reserve banking model, but … panic-proofed and with much less regulation than is currently on the books and in the works …

reverse the bank regulation rules that were put in place following the GFC; last time, President Clinton repealed the Glass … not a supplement to other tools such as VaR. To ease up the rules of regulation that was put in place after a near …

foregone deposit margins by increasing their lending margins. Our results show a substantial degree of margin compensation … increase their lending margins more, while higher shares of fee and commission income soften the compensation effect. Our …