this, we use a Dynamic Hierarchical Bayesian Item Response Theory to create a new, global, and comparable Financial …

This article explores the effect of delays in updating prudential regulation on countries' likelihood of experiencing … banking crises, and it disentangles the impact of different aspects of regulation on crisis onset. I argue that delays in … revising banks' prudential regulation allow banks to adopt risky behavior. This increases a country's vulnerability to systemic …

Some people are concerned that existing market structure regulation and liquidity incentives have skewed financial … sudden market downturn driven by computer-automated trading.According to these critics, additional regulation should be … market integrity and avoid flash crashes. Yet, further regulation may be counterproductive, since it risks creating an …

risk weight decreases in the post-regulation period. Overall, our paper points to an important unintended consequence of …

Do politics matter for macroprudential policies? I show that changes in macroprudential regulation exhibit a …

regulation in a developed insurance market. Using proprietary data on insurance risk exposures from the Bank of England, we …

“additional loss absorbency requirement” for these institutions. Motivated by this instrument of macroprudential regulation, which …