How Counter-Cyclical Capital And Other Macroprudential Tools Make Matters WorseVW Staff
Karen Shaw Petrou's memorandum to the Federal Financial Analytics clients on how counter-cyclical capital and other macroprudential tools make matters worse.
How Counter-Cyclical Capital And Other Macroprudential Tools Make Matters Worse
I admit that I’ve been lurking in the shadows for more than might seem becoming. In 2011, FedFin issued the first paper we know of that highlighted the challenges posed by the cumulative impact of the post-crisis regulatory framework. Our policy and proprietary analytics then and now conclude that – with some variations based on activity or charter – the bigger and bankier you are, the . . .
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