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The 2007-08 Global Financial Crisis is a watershed phenomenon that reshaped global capitalism. Stemming from the argument that the Crisis was caused by deregulation, this article assesses to what extent the financial industry influenced the legislative process underlying these reforms. The...
Persistent link: https://www.econbiz.de/10014370438
has partial control over bank regulation it can exercise regulatory lenience. Two, the Fed's stronger output orientation … procyclical capital regulation. - Monetary policy ; capital regulation ; crisis …
Persistent link: https://www.econbiz.de/10003986675
We model the behavior of dealers in Over-the-Counter (OTC) derivatives markets where a small number of dealers trade with a continuum of heterogeneous clients (hedgers). Imperfect competition and (endogenous) default induce a familiar trade-off between competition and risk. Increasing the number...
Persistent link: https://www.econbiz.de/10009668404
A 2012 paper by Goodhart, Kashyap, Tsomocos, and Vardoulakis (GKTV) proposes a dynamic general equilibrium framework 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...
Persistent link: https://www.econbiz.de/10009669924
Since July 2007 the world economy has experienced a severe financial crisis originating in the U.S. housing market. The crisis has subsequently spread to the financial sectors in European and Asian economies and led to a severe worldwide recession. The existing literature on financial crises...
Persistent link: https://www.econbiz.de/10003843236
"micro-prudential" and "macro-prudential" principles of financial regulation to enhance overall financial stability. From an … time, however, the CFPB represents a unique historical shift in the policy focus of U.S. financial regulation away from …
Persistent link: https://www.econbiz.de/10013033683
The literature on regulation has typically emphasized the ability of concentrated interest groups to secure the rules …‐roots advocacy groups for more stringent regulation. As a result, Dodd‐Frank Act falls far short of a thorough‐going redesign of the … legislation: macroprudential regulation, consumer protection, reestablishment of the partition between deposit banking versus …
Persistent link: https://www.econbiz.de/10014176301
Since July 2007 the world economy has experienced a severe financial crisis originating in the U.S. housing market. The crisis has subsequently spread to the financial sectors in European and Asian economies and led to a severe worldwide recession. The existing literature on financial crises...
Persistent link: https://www.econbiz.de/10010320249
engaged in international markets, drawing on micro-data from Belgium, Finland, Germany, Italy, Japan, Sweden, the United …
Persistent link: https://www.econbiz.de/10011779469
Persistent link: https://www.econbiz.de/10014272120