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Persistent link: https://www.econbiz.de/10012905124
Do politics matter for macroprudential policies? I show that changes in macroprudential regulation exhibit a …
Persistent link: https://www.econbiz.de/10012852520
Do politics matter for macroprudential policy? I show that changes to macroprudential regulation exhibit a predictable …
Persistent link: https://www.econbiz.de/10013315065
efficient. Implications for welfare and regulation therefore depend highly on the nature of the shocks and the competitiveness …
Persistent link: https://www.econbiz.de/10011806238
Do politics matter for macroprudential policy? I show that changes to macroprudential regulation exhibit a predictable …
Persistent link: https://www.econbiz.de/10012135983
We address the problem of regulating the size of banks’ macroprudential capital buffers by using market-based estimates of systemic risk combined with a structural framework for credit risk assessment. We develop a set of novel modeling mechanisms through which capital buffers can be allocated...
Persistent link: https://www.econbiz.de/10014257750
We address the problem of regulating the size of banks' macroprudential capital buffers by using market-based estimates of systemic risk combined with a structural framework for credit risk assessment. We develop a set of novel modeling mechanisms through which capital buffers can be allocated...
Persistent link: https://www.econbiz.de/10014257763
Inadequate regulation of the financial system is widely thought to have contributed to the financial crisis. The … purpose of the book is to articulate a framework within which financial regulation can be analysed in a coherent and … regulation is best understood in the context of an appreciation of the entire financial system. Third it is international and …
Persistent link: https://www.econbiz.de/10012937668
Many regulators have concluded that cost-benefit analysis is the best available method for capturing the welfare effects of regulations. It is therefore understandable that in recent years, some people have been interested in requiring financial regulators to engage in careful cost-benefit...
Persistent link: https://www.econbiz.de/10013054943
Following every major financial debacle (of which we now have had three in the span of a decade – the Asian crisis, the dot-com bubble, and the subprime crisis), all the parties that bear some responsibility for the soundness of financial institutions come under scrutiny – the managers (and...
Persistent link: https://www.econbiz.de/10013078788