A framework for macroprudential regulation that defines systemic risk and macroprudential policy, describes … macroprudential tools, and surveys the effectiveness of existing macroprudential regulation. … FinancialCrises -- 7 Measuring Systemic Risk -- 8 Systemic Risk and Microprudential Regulation -- 9 Systemic Risk and Macroprudential …

premature to conclude that 'Too Big to Fail" has been solved, but macro-prudential regulation is now much more effective and …

. Intermediaries free ride on the liquidity of other intermediaries, causing excessive liquidation. A macroprudential authority … internalizes the systemic nature of liquidity and restores constrained efficiency by imposing a macroprudential liquidity buffer. …

securities regulation. The discussion offers two theses: one descriptive and the other normative. Descriptively, drawing on … institutional approaches to the study of regulation, I show how regulatory systemic risk emerges in the US securities regulatory …

that provides a conceptual - and to some extent quantitative - framework for the analysis of macroprudential policies. The … distinguishing feature of GKTV's paper relative to any other on macroprudential policy is its study of a setting with multiple … financial frictions that permits the analysis of multiple macroprudential policy tools at the same time. The modeling approach …