Browsing School of Technology by Subject "regulation"
Now showing items 1-3 of 3
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Aggregate liquidity shortages, idiosyncracic liquidity smoothing and banking regulation
(CFAP, Cambridge Judge Business School, University of Cambridge, 2005)This paper develops a model of banking fragility driven by aggregate liquidity shortages. Inefficiencies arise because liquidity smoothing across banks breaks down when there is such a shortage, causing unnecessary and ...
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Credit risk transfer and financial sector performance
(CFAP, Cambridge Judge Business School, University of Cambridge, 2004)In this paper we study the impact of credit risk transfer (CRT) on the stability and the efficiency of a financial system in a model with endogenous intermediation and production. Our analysis suggests that with respect ...
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Establishing a European securities regulator: is the European Union an optimal economic area for a single securities regulator?
(CFAP, Cambridge Judge Business School, University of Cambridge, 2002)The paper’s purpose is to address the economic, institutional, and legal issues confronting the establishment of a more centralised approach to EU securities regulation and to suggest that the theory of optimum currency ...