Results 11 to 20 of about 757 (212)
Minsky and dynamic macroprudential regulation [PDF]
PSL Quarterly Review, 2014 In the context of current debates about the proper form of prudential regulation and proposals for the imposition of liquidity and capital ratios, the paper examines Hyman Minsky’s work as a consultant to government agencies exploring financial ...
Jan Kregel
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Macroprudential Insurance Regulation: A Swiss Case Study [PDF]
Risks, 2016 This article provides a case study that analyzes national macroprudential insurance regulation in Switzerland. We consider an insurance market that is based on data from the Swiss private insurance industry.
Philippe Deprez, Mario V. Wüthrich
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Heterogenous Banks and Macroprudential Regulations [PDF]
SSRN Electronic Journal, 2019 This paper studies how financial intermediation varies across banks. Bank size is a first-order determinant of banks’ capital structure in the cross-section. Largest banks have the lowest capital-to-asset ratio and the lowest ratio of Tier-1 capital against risk-weighted assets. These large banks earn a larger interest income per dollar invested in their
Subhendu Bhowal
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GROWTH AND WELFARE EFFECTS OF MACROPRUDENTIAL REGULATION [PDF]
Macroeconomic Dynamics, 2018 This paper studies the growth and welfare effects of macroprudential regulation in an overlapping generations model of endogenous growth with banking and agency costs. Indivisible investment projects combine with informational imperfections to create a double moral hazard problem à la Holmström–Tirole and a role for bank monitoring.
Pierre‐Richard Agénor
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Towards a Macroprudential Framework for Financial Supervision and Regulation? [PDF]
CESifo Economic Studies, 2003 Over the last decade or so, addressing financial instability has risen to the top of the policy agenda. This essay argues that in order to improve the safeguards against financial instability, it may be desirable to strengthen further the macroprudential orientation of current prudential frameworks, a process that is already under way.
Claudio Borio
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Principles for macroprudential regulation [PDF]
SSRN Electronic Journal, 2019 The drafting of macroprudential regulation is largely being driven by the need by policy makers to meet timetables that have been agreed. The legislative drive is taking place without any clear theoretical framework to organise the objectives. In this article we propose two principles that any satisfactory framework ought to respect and then describe ...
Anil Kashyap, Dimitrios P. Tsomocos
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Capital Controls or Macroprudential Regulation? [PDF]
Journal of International Economics, 2014 International capital flows can create significant financial instability in emerging economies because of pecuniary externalities associated with exchange rate movements. Does this make it optimal to impose capital controls or should policymakers rely on domestic macroprudential regulation?
Anton Korinek, Damiano Sandri
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Incentives Through the Cycle: Microfounded Macroprudential Regulation [PDF]
SSRN Electronic Journal, 2013 We use an incentive model in which improvements to fundamentals boost the ability of leveraged financial firms (banks) to expand the balance sheet (as in Adrian and Shin 2010). The rise in asset prices due to the amplified response of procyclical systems distorts bankers' incentives in providing (costly and non observable) monitoring effort. On the one
Giovanni di Iasio, Mario Quagliariello
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PROMULGATION OF THE MACROPRUDENTIAL REGULATION AND THE GUIDELINES FOR THE NBU MACROPRUDENTIAL POLICY
JOURNAL OF EUROPEAN ECONOMY, 2018 Post-crisis spread of macroprudential regulation requires some generalizations and identification of the ways of adapting it to Ukraine. Current consensus about taxonomy and functionality of macroprudential toolkit is corresponded with empirical findings of potential efficiency of such instruments to restrain credit and assets price inflation.
Victor Kozyuk
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Macroprudential Regulations in Central America
SSRN Electronic Journal, 2013 In recent years, and especially in the aftermath of the global financial crisis, a number of emerging market economies have been reforming their regulatory frameworks to adopt recommendations of the macroprudential approach. This paper discusses the potential usefulness of implementing this approach in Central America. Two major results support serious
Alejandro Izquierdo +2 more
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