Although secured transactions traditionally are regulated to protect transacting parties and to make the transactions themselves more efficient, the financial crisis has revealed that regulation should also protect the stability of the financial system. This raises numerous future challenges. For example, regulation to control moral hazard in secured loan origination faces the challenge that the relevant market failure is less likely to be asymmetric information than mutual misinformation. Because of its impact on home ownership, the regulation of collateralization levels and interconnectedness faces fundamentally different challenges than those underlying the (technically) analogous post-Depression regulation of margin lending. Non-traditi...
Many international financial transactions occur in a realm that is close to anarchy. While numerous ...
textabstractAbstract: This paper is one chapter of the volume “Regulation and Economics” of the seco...
2014 The financial crisis has generated fundamental reforms in the financial regulatory system in th...
Although secured transactions traditionally are regulated to protect transacting parties and to make...
Although secured transactions traditionally are regulated to protect transacting parties and to make...
The dynamic evolution of the financial system is stirring up the regulatory debate. Recent theoretic...
Despite advances in finance theory, secured debt remains a puzzle. As a consequence, the justificati...
The current financial crisis has highlighted the growing importance of the "shadow banking system," ...
During the recent housing boom, private-label securitization without regulation was unsustainable. W...
During the recent housing boom, private-label securitization without regulation was unsustainable. W...
Securitizations affect the way a credit institution operates. Alongside structured finance, they all...
The 2007–09 financial crisis highlighted the need to increase the resilience of a range of financial...
This Article takes stock of post-financial crisis regulatory developments to tell a tale of two mark...
The financial crisis has generated fundamental reforms in the financial regulatory system in the U.S...
ABSTRACT The global financial crisis raises questions about the proper objectives of financial regul...
Many international financial transactions occur in a realm that is close to anarchy. While numerous ...
textabstractAbstract: This paper is one chapter of the volume “Regulation and Economics” of the seco...
2014 The financial crisis has generated fundamental reforms in the financial regulatory system in th...
Although secured transactions traditionally are regulated to protect transacting parties and to make...
Although secured transactions traditionally are regulated to protect transacting parties and to make...
The dynamic evolution of the financial system is stirring up the regulatory debate. Recent theoretic...
Despite advances in finance theory, secured debt remains a puzzle. As a consequence, the justificati...
The current financial crisis has highlighted the growing importance of the "shadow banking system," ...
During the recent housing boom, private-label securitization without regulation was unsustainable. W...
During the recent housing boom, private-label securitization without regulation was unsustainable. W...
Securitizations affect the way a credit institution operates. Alongside structured finance, they all...
The 2007–09 financial crisis highlighted the need to increase the resilience of a range of financial...
This Article takes stock of post-financial crisis regulatory developments to tell a tale of two mark...
The financial crisis has generated fundamental reforms in the financial regulatory system in the U.S...
ABSTRACT The global financial crisis raises questions about the proper objectives of financial regul...
Many international financial transactions occur in a realm that is close to anarchy. While numerous ...
textabstractAbstract: This paper is one chapter of the volume “Regulation and Economics” of the seco...
2014 The financial crisis has generated fundamental reforms in the financial regulatory system in th...