In this paper, we investigate how the introduction of complex, model-based capital regulation affected credit risk of … financial institutions. Model-based regulation was meant to enhance the stability of the financial sector by making capital … introduce the model-based approach. Counter to the stated objectives, the introduction of complex regulation adversely affected …

In this paper, we investigate how the introduction of complex, model-based capital regulation affected credit risk of … financial institutions. Model-based regulation was meant to enhance the stability of the financial sector by making capital … introduce the model-based approach. Counter to the stated objectives, the introduction of complex regulation adversely affected …

We study the relative strengths and weaknesses of principles based and rules based systems of regulation. In the … social costs, the level of which is influenced by regulatory competition. Regulatory competition leads to a race to the … dramatic changes in the way they regulate faced with regulatory competition, whereas regulators applying rules based systems …

We integrate banks and the coexistence of bank and bond financing into an otherwise standard New Keynesian framework … moderate bank credit cycles, and to induce a more efficient allocation of resources across sectors. Moreover, we investigate … that the central bank should focus exclusively on price stability and the macroprudential policy-maker should react …

-based informal co- and self-regulation through domestic (gentlemen's) agreements underpinned West German bank internationalisation …Current theories of financial regulation suggest expanding rules-based formal state intervention to promote … regulation, drawing on unused primary sources: Coalitions between the German regulating and regulated actors were bolstered by a …

Bank's (2013) database covering various aspects of bank regulation. Using multiple explorative factor analysis, we identify …This paper identifies the main dimensions of capital regulation. We use survey data from 142 countries from the World … two main dimensions of capital regulation: complexity of capital regulation and stringency of capital regulation. We show …

regulation did not take the "big picture" of the system suffciently into account and, subsequently, financial supervision mainly … "missed the forest for the trees". As a result, the need for macroprudential aspects of regulation emerged, which has recently … macroprudential regulation in creating stable, yet effcient financial systems. At the same time, I emphasize the importance of …

systemic risk. A wide consensus now exists among them that network theory is the natural framework for studying systemic risk …. Yet, most of the existing rules in financial regulation are still “atomistic,” in that they fail to incorporate the fact … network theory (network-sensitive policies) can address systemic risk more effectively than traditional atomistic policies …

systemic risk. A wide consensus now exists among them that network theory is the natural framework for studying systemic risk …. Yet, most of the existing rules in financial regulation are still “atomistic,” in that they fail to incorporate the fact … network theory (network-sensitive policies) can address systemic risk more effectively than traditional atomistic policies …