. Under a binding equity constraint, our model predicts shocks to bank equity, regulatory standards and monetary policy, such …

This paper assesses the merits of countercyclical bank balance sheet regulation for the stabilization of financial and …, though banks do not internalize this impact. Regulation, in the form of a constraint on bank leverage, can mitigate the … bank leverage regulation can have desirable stabilization properties, particularly when financial shocks are an important …

Domestic prudential regulation can have unintended effects across borders and may be less effective in an environment … regulation reduces lending by large U.S. global banks to foreign residents. …

Domestic prudential regulation can have unintended effects across borders and may be less effective in an environment … country where the tightening occurs to the United States and to other countries. Third, tighter U.S. capital regulation …

spillovers from macroprudential policy. Moreover, I find that the overall effect from more macroprudential regulation is highly …

The paper discusses the reform of capital regulation of banks in the wake of the financial crisis of 2007/2009. Whereas … the individual bank or for the system as a whole. Objections to substantial increases in capital requirements rest on … arguments that run counter to economic logic or are themselves evidence of moral hazard and a need for regulation …