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on the extent of dilution after conversion. We integrate the analysis in a game-theoretic optimal capital regulation …
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The Dodd-Frank Act, enacted after the global financial crisis, requires U.S. financial regulators to define and regulate systemically risky firms and activities — a truly Sisyphean task. In this Essay, we identify two paths regulators have taken: a “descriptive approach,” which involves...
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proxy the strictness of a country's regulatory regime, we employ World Bank survey data …
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legislative response to the crisis — contained an entire title dedicated to insurance regulation, which has traditionally been the … impose an additional layer of regulatory scrutiny on top of state insurance regulation for a small number of “systemically … pose systemic risks that regulation should attempt to identify and manage. Traditional state-based insurance regulation …
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The failure to spot emerging systemic risk and prevent the current global financial crisis warrants a reexamination of the approach taken so far to crisis prevention. The paper argues that financial crises can be prevented, as they build up over time due to policy mistakes and eventually erupt...
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