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We analyze the partisanship of Securities and Exchange Commissioners (SEC) and members of the Federal Reserve Board of Governors (Fed) using the language-based approach of Gentzkow, Shapiro, and Taddy (Econometrica, 2019). The level of partisanship among these regulators is greater than that of...
Persistent link: https://www.econbiz.de/10012859933
The financial crisis considerably strengthened the case for a “macro-prudential” component in financial regulation …
Persistent link: https://www.econbiz.de/10012861790
The recent international financial crisis was basically caused by the indiscreet extending of “subprime” loans to the American people for the purchase of property in the United States. Scholars have come up with various opinions in order to understand whether this was actually the cause of...
Persistent link: https://www.econbiz.de/10013052491
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 …
Persistent link: https://www.econbiz.de/10013054054
” and “systemic shock,” into the popular and academic legal community; one such term is “macroprudential regulation.” Once … the implementation of macroprudential regulation as it has gone from a theoretical construct to implemented policy. In … particular, the article examines macroprudential regulation's domestic and cross-border development and applications in the …
Persistent link: https://www.econbiz.de/10013055473
.S. financial regulation: (i) enactment is invariably crisis driven, adopted at a time when there is a paucity of information … Law” of U.S. financial regulation. The ensuing one-way regulatory ratchet generated by repeated financial crises has … experimentation to financial regulation. The use of those techniques, properly implemented, advances means-ends rationality, by better …
Persistent link: https://www.econbiz.de/10013044722
approach to the TBTF problem. In the short run, we need relatively modest but firm regulation. Dodd-Frank looks pretty good in …
Persistent link: https://www.econbiz.de/10012922764
Many of the main actors constructing financial regulation in the wake of the global financial crisis era have a stated … commitment to transparency. However, transparency in financial regulation is undermined because the information disclosed is … limited usefulness to observers of financial regulation because it is characterized by multiple complexities: financial …
Persistent link: https://www.econbiz.de/10012922779
Persistent link: https://www.econbiz.de/10012929415
of multi-billion dollar settlements. By pursuing a strategy of “regulation by settlement,” regulators have implicitly … ineffectual? Can regulation by settlement be justified as an adequate substitute for shortcomings in the conventional rulemaking … process? And, what lies ahead for the future of securitization regulation? The suggested answers are as follows. First, that …
Persistent link: https://www.econbiz.de/10012930972