Estimating the impact of changes in aggregate bank capital requirements during an upswing

Joseph Noss, Priscilla Toffano 06 April 2014

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The recent financial crisis and economic contraction that followed highlighted the crucial role that banks play in facilitating the extension of credit and enabling economic growth. This underlies the economic rationale for imposing regulations on the banking industry, including minimum capital requirements designed to mitigate risks banks would not otherwise account for in their behaviour.

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Topics:  Financial markets

Tags:  regulations, bank regulation, banking, capital requirements, banks, BASEL III, credit, Macroprudential policy, bank capital

The future of securities regulation

Luigi Zingales 28 January 2009

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In the 75 years since the enactment of the US Securities Act, securities markets could not have changed more. Concerns that afflicted investors then – lack of transparency and market manipulation – are not at the forefront today, partly thanks to the success of 1930s legislation.

Two fundamental trends that alter the regulatory landscape

Also important are two trends that have dramatically altered securities markets.

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Topics:  Financial markets

Tags:  financial integration, regulations, corporate governance, financial regulation

Regulating the safety and efficacy of prescription drugs

Tomas Philipson , Eric Sun 03 January 2008

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Prescription drugs represent a large and rapidly growing share of health care expenditures – 15% in the US and 7.5% in Europe. While costly, research shows that drugs represent an enormous value to society; they both improve health1 and reduce medical costs.2

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Topics:  Health economics

Tags:  regulations, prescription drugs, pharmaceutical firms, speed-safety tradeoff

Which institutions matter for economic growth?

Liam Brunt 25 September 2007

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It is obvious that a country’s political, legal, economic and social institutions will affect its rate of economic growth. However, it is much more difficult to identify exactly which institutions matter and exactly how they matter. This is an issue of some practical importance. Countries are free to redesign their institutions in order to improve their economic performance. But, unless they can pinpoint the beneficial aspects of particular institutions, the only option is to import wholesale the institutional structures of another, more economically successful country.

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Topics:  Development

Tags:  institutions, economic growth, laws, regulations