America and European Union have both recently issued an accurate regulation, that require the agencies the compliance with …

The Credit Rating Reform and Dodd-Frank Acts significantly increased US credit rating regulation, yet few academic …

This paper documents the long-run effects of an important reform of capital regulation for U.S. insurance companies in …-yield) MBS post reform. Our findings are consistent with the view that the regulation and supervision of the U.S. insurance …

has partial control over bank regulation it can exercise regulatory lenience. Two, the Fed's stronger output orientation … procyclical capital regulation …

perapplicant fixed costs in screening. We then demonstrate that our theory fits the data better than the main alternative theory … already in the literature, which supposes cutoff rules are exogenously used by securitizers. Furthermore, we use our theory to …

research has hypothesized that these cutoff rules result from a securitization rule of thumb. Under this theory, an observed … model that rationalizes such an origination rule of thumb. Under this alternative theory, jumps in default are not evidence … securitization rule-of-thumb theory but consistent with the origination rule-of-thumb theory. There are jumps in the number of loans …