The fundamental principles of financial regulation

By Markus K. Brunnermeier, A. Crockett, C. Goodhart, A. Persaud, Hyun Song Shin. 2009

1,125 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/15c8cc5593f3665a3b3ae5019a90e961af4aae6f

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Citations in the corpus

Measuring systemic risk in the European banking sector: a copula CoVaR approach (2017, background): “According to Brunnermeier et al. (2009), a systemic risk measure should be able to identify the risk to the system by individually “systemically important” institutions, which are highly interconnected and large enough to cause negative spill over effects on others, as well as by small institutions ”
Financial Stability and Monetary Policy: How Closely Interlinked? (2014, background): “4For related discussions of the objectives of macroprudential policy and the concept of systemic risk, see, for example, Brunnermeier et al. (2009), De Bandt, Hartmann, and Peydró (2009), European Central Bank (2010), European Systemic Risk Board (2011), and Hanson, Kashyap, and Stein (2011). as…”
Monetary and Macroprudential Policies in an Estimated Model with Financial Intermediation (2014, background): “Although several proposals have been made, e.g. French et al. (2010) and Brunnermeier et al. (2009), to name a few.”
Delayed Expected Loss Recognition and the Risk Profile of Banks: delayed loss recognition and the risk profile of banks (2015, unknown): “As a result, the asset contraction and loan curtailment decisions of such banks will be highly correlated which can potentially create systemic effects due to herd behavior (Brunnermeier et al. (2009)).”
A Tale of Two Policies- Prudential Regulation and Monetary Policy with Fragile Banks (2009, result): “[27], [10]), a system where leveraged financial institutions are exposed against each other and can suddenly liquidate positions under stress is, other things equal, more unstable than one in which banks lend only to entrepreneurs, as in our model.”
Bank regulation, property prices and early warning systems for banking crises in OECD countries (2010, result): “As discussed in Brunnermeier et al (2009), an alternative is a response of capital adequacy to debt-equity, maturity mismatch, credit growth and asset price growth, suitably weighted – a broader approach that our results underpin.”
Implementing a Macroprudential Framework: Blending Boldness and Realism (2011, unknown): “Seen as dependent on collective behaviour ( " endogenous " ) Seen as independent of individual agents' behaviour ( " exogenous " )”
Regulatory Capital Charges for Too-Connected-To-Fail Institutions: A Practical Proposal (2010, unknown): “It is worth keeping in mind, though, that the use of an upper quantile regression to set the TCTF capital charge is less vulnerable to procyclicality so it is better aligned with recent proposals for reducing the impact of procyclical capital requirements (Brunnermeier et al, 2009; IMF, 2009c).”
Macroprudential Policy - A Literature Review (2012, unknown): “One such instrument are capital requirement surcharges that are proportional to the size of the maturity mismatch (Brunnermeier et al., 2009).”
Econometric Measures of Systemic Risk in the Finance and Insurance Sectors (2010, background): “In particular, motivated by De Bandt and Hartmann (2000), Brunnermeier et al. (2009) among others, we take a broader perspective by defining the system of major players as hedge funds, brokers, banks, and insurers.”