This Week in Financial Regulation, June 23rd
News and Commentary In an article at Fortune, Shiva Rajgopal and Sri Ramamoorti argue that the SEC should oversee markets throughout the globe, rather than just the US. This would [...]
This Week in Financial Regulation, June 16th
News and Commentary In a Pairagraph discussion, Oren Cass and Howard Marks debate whether the financial sector has become a drag on the real economy. Cass argues that financial firms [...]
This Week in Financial Regulation, June 9th
News and Commentary The Cicero Institute’s Judge Glock appears on Macro Musings to chat with David Beckworth about the origins and evolution of the US mortgage market, which Glock covers [...]
This Week in Financial Regulation, June 2nd
News and Commentary A blog post from Lauren Anderson and Francisco Covas discuss the implications of suggestions made by several regulators and academics to require regulation of bank capital requirements [...]
The Resilience of the U.S. Corporate Bond Market During Financial Crises
Corporate bond markets proved remarkably resilient against a sharp contraction caused by the 2020 Covid-19 pandemic. We document three important findings: (1) bond issuance increased immediately when the contraction hit, [...]
Rethinking Countercyclical Financial Regulation
The 2008 financial crisis exposed a longstanding problem in financial regulation: traditional regulatory strategies tend to be procyclical. That is, regulatory tools—most notably, bank capital requirements—incentivize excessive credit growth during [...]
How Resilient Is Mortgage Credit Supply? Evidence from the COVID-19 Pandemic
The mortgage market experienced a historic boom in 2020, with record origination volumes and lender profits. While many borrowers benefited from record-low mortgage rates, the pass-through of lower rates to [...]
This Week in Financial Regulation, May 26th
News and Commentary Jeff Hauser, in the Revolving Door Newsletter, discusses personnel changes related to financial regulation, including the removal of Comptroller Blake Paulson and Chief Operating Officer Robin Minor. [...]
This Week in Financial Regulation, May 20th
News and Commentary Boston Fed President Eric Rosengren recommends a flexible capital regime such as a countercyclical capital buffer in an economic outlook speech. Michael Hudson sees financial rents as [...]
This Week in Financial Regulation, April 8th
News and Commentary Dorothy Slater, Eleanor Eagan, and Max Moran express concerns over Treasury secretary Janet Yellen's apparent hesitance to fulfill her regulatory role in the American Prospect. Bloomberg Law [...]