News and Commentary
Shusen Qi et al. detail in a VoxEU column how borrower information sharing is resulting in the clustering of bank branches—and bank deserts.
In the Wall Street Journal, Bailey McCann reports on the manifold state laws regulating brokers which the Biden SEC could further complicate.
Claudia Buch, Matthieu Bussière, and Linda Goldberg recommend monitoring of how international lending and regulatory and monetary policy affect COVID-19 economic recovery in Liberty Street Economics.
José Ocampo and Tommaso Faccio argue in ProMarket that the OpenLux investigation has revealed that transparency standards on tax avoidance and evasion must go further.
David Musto warns that attempted regulatory prevention of another short squeeze could also affect index fund investing in an interview with Wharton Business Daily.
The SEC will update its climate risk reporting requirements on publicly traded firms writes Sylvan Lane in The Hill.
New Research
In an NBER paper, Stefano Carattini, Garth Heutel, and Givi Melkadze find that climate policy could result in macroeconomic instability and financial instability affecting a carbon tax’s performance. They note that macroprudential policies, such as capital requirements, could alleviate both harms.