Based on new research related to the political dysfunction that emerged as a response to the 2008 financial crisis, capital requirements should be “above-optimal” to incorporate the costs associated with political dysfunction after a crash.
News and Commentary
Chairman of the US Commodity Futures Trading Commission, Heath Tarbert, gave a speech at Harvard University where he talked talked about financial regulation.
The Wharton School at the University of Pennsylvania’s online business analysis journal has a segment featuring Beth Simmons and Judith Kelley about the role of the World Bank in influencing regulatory policy.
Anil Kashyap and Benjamin King have new research in Vox EU, that looks at this structural differences in the UK and the US and suggests areas where both can improve from use of better measurements.
New research in the Journal of Law and Contemporary Problems offers policy suggestions to the Consumer Financial Protection Bureau regarding macroprudential implications of home mortgage lending.