This Week in Financial Regulation, June 23rd
News and Commentary Kate Davidson reports for The Wall Street Journal that Andrew Olmem, Deputy Director of the National Economic Council, has left The White House. Olmem was a key figure in [...]
This Week in Financial Regulation, June 16th
News and Commentary Frank Partnoy writes in The Atlantic about his vision for what a COVID collapse of the U.S. financial system and points to the rise of collateralized loan [...]
This Week in Financial Regulation, June 10th
News and Commentary Zack Colman and Katy O’Donnell write at Politico about the threat that climate change poses to the American mortgage market. They find that the potential cost to [...]
Bank Market Power and Monetary Policy Transmission: Evidence from a Structural Estimation
We quantify the impact of bank market power on monetary policy transmission through banks to borrowers. We estimate a dynamic banking model in which monetary policy affects imperfectly competitive banks’ [...]
Banks as Lenders of First Resort: Evidence from the COVID-19 Crisis
In March of 2020, banks faced the largest increase in liquidity demands ever observed. Firms drew funds on a massive scale from pre-existing credit lines and loan commitments in anticipation [...]
This Week in Financial Regulation, June 2nd
News and Commentary Diego Zuluaga is on the Cato Daily Podcast to discuss changes to the Community Reinvestment Act and how shortcomings in the design and implementation of the CRA [...]
This Week in Financial Regulation, May 26th
News and Commentary: American Action Forum has a helpful summary of the Federal Housing Finance Agency's proposed GSE capital requirement rule. The proposal is modified from 2018 and sets a [...]
This Week in Financial Regulation, May 19th
News and Commentary Mercatus Center’s Macro Musings podcast has a new episode interviewing Anat Admati of Stanford University. The host David Beckworth asks some insightful questions on Covid-19 and Admati [...]
Government Can Pick Winners, Like the Private Sector Can Pick Losers
As part of an inaugural series of blog posts for American Compass, Rob Atkinson makes the case against the "market fundamentalist" view of capture in government support of industry in [...]
This Week in Financial Regulation, May 12th
News and Commentary The Intercept’s Lee Fang writes about efforts by GOP lawmakers to deregulate the banking sector during the Covid-19 crisis. He argues that reducing regulations such as capital [...]