| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12861 |
| DP12861 The Interplay between Financial Regulations, Resilience, and Growth | |
| Franklin Allen; Julapa Jagtiani; Itay Goldstein | |
| 发表日期 | 2018-04-11 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | Interconnectedness has been an important source of market failures, leading to the recent financial crisis. Large financial institutions tend to have similar exposures and thus exert externalities on each other through various mechanisms. Regulators have responded by putting more regulations in place with many layers of regulatory complexity, leading to ambiguity and market manipulation. Mispricing risk in complex models and arbitrage opportunities through regulatory loopholes have provided incentives for certain activities to become more concentrated in regulated entities and for other activities to move into new areas in the shadow banking system. How can we design an effective regulatory framework that would perfectly rule out bank runs and TBTF (too big to fail) and to do so without introducing incentives for financial firms to take excessive risk? It is important for financial regulations to be coordinated across regulatory entities and jurisdictions and for financial regulations to be forward looking, rather than aiming to address problems of the past. |
| 主题 | Financial Economics |
| 关键词 | Bank capital regulations Bank liquidity Cet1 High-quality liquid assets (hqlas) Basel iii Financial stability Dodd-frank act |
| URL | https://cepr.org/publications/dp12861 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541671 |
| 推荐引用方式 GB/T 7714 | Franklin Allen,Julapa Jagtiani,Itay Goldstein. DP12861 The Interplay between Financial Regulations, Resilience, and Growth. 2018. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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