Fragmenting Markets: Post-Crisis Bank Regulations and Financial Market Liquidity
Darrell Duffie
Post-crisis capital regulations and new failure-resolution rules increased the funding costs that are borne by bank shareholders, and thus the cost to buy-side firms for access to space on the balance sheets of large banks. A policy implication is the encouragement of market infrastructure and trading methods that reduce the amount of space on bank balance sheets that is needed to conduct a given amount of trade.
Using models and evidence, this book addresses the implications for financial-market liquidity of these regulations for systemically important banks and argues that current rules do not allow for potential levels of market efficiency and financial stability. In this insightful analysis of the impact of regulation on financial market efficiency post-2008, the author argues that bank capital levels could actually be pushed higher while still improving the liquidity of markets for safe assets such as low-risk fixed-income instruments by relaxing the leverage-ratio rule and increasing risk-based capital requirements.
• A comprehensive up-to-date explanation of the impact of financial regulations on market liquidity.
• Includes an in-depth case study of the breakdown in US Treasury market functionality in March 2020.
Using models and evidence, this book addresses the implications for financial-market liquidity of these regulations for systemically important banks and argues that current rules do not allow for potential levels of market efficiency and financial stability. In this insightful analysis of the impact of regulation on financial market efficiency post-2008, the author argues that bank capital levels could actually be pushed higher while still improving the liquidity of markets for safe assets such as low-risk fixed-income instruments by relaxing the leverage-ratio rule and increasing risk-based capital requirements.
• A comprehensive up-to-date explanation of the impact of financial regulations on market liquidity.
• Includes an in-depth case study of the breakdown in US Treasury market functionality in March 2020.
Thể loại:
Năm:
2022
Nhà xuát bản:
De Gruyter
Ngôn ngữ:
english
Trang:
94
ISBN 10:
3110673029
ISBN 13:
9783110673029
File:
PDF, 5.69 MB
IPFS:
,
english, 2022
Amazon 
Barnes & Noble 
Bookshop.org
Bạn có muốn thêm cừa hàng sách? Xin liên lạc theo support@z-lib.fm
Chuyển đổi tập tin
Các kết quả tìm kiếm tiếp theo
Các lợi ích khác 
Từ khóa thường sử dụng nhất
Các mục liên quan
