. Microprudential regulation of banks plays a role, influencing leverage and capitalization, changing sensitivities to shocks, and also …

liberalisation during the nineteenth and early twentieth century, and of its demise after World War I. Not everyone gained from the … economy and the distribution of income in nations across the world. This paper explores how the economic incentives generated … financial integration. The period before World War I is remarkable by the almost absence of restrictions on cross-border capital …

This paper will propose a plan to reform international finance – the World Financial Authority (WFA) Plan. Under such a … effective, regaining traction and preventing contagion. A central instrument to this end is the creation of the World Financial …

regulation states that banks can lower capital requirements using CDS. When the cost of capital is too steep, CDS allows banks to …

This chapter of the forthcoming Oxford Handbook of Financial Regulation considers, in broad historical perspective and … financial crises and regulation. It begins with an overview of financial crises generally, and then considers both the … historical and potential future role of regulation in financial crises. It discusses various theories of the roots of financial …

-the-counter derivative regulation. Many of the Dodd-Frank statutes and proposed rules go well beyond the relatively modest objectives agreed … of overly aggressive U.S. regulation. Regulatory arbitrage occurs as both U.S. and non-U.S. persons attempt to structure …