This paper sets forth a discussion framework for the information requirements of systemic financial regulation. It …

of systemic financial regulation. It specifically describes a potential large macro-micro database for the U.S. based on …

manifestation of asymmetric information in an environment of rapid financial innovation. The present paper reviews the asymmetric … information and financial innovation frameworks and applies those to major twentieth century U.S. financial crises. The paper …

This paper sets forth a discussion framework for the information requirements of systemic financial regulation. It …

Financial innovation is inextricably tied to asymmetric information and therefore sets the stage for financial crises … financial instruments that are primary market liabilities. But financial innovation, by definition, occurs outside the regulated … financial sector. Indeed, that is often the point of financial innovation! Hence, limiting regulators' scope of supervision to …

This paper sets forth a discussion framework for the information requirements of systemic financial regulation. It …