A Pigovian Approach to Liquidity Regulation

377 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Where the Risks Lie: A Survey on Systemic Risk (2017, neutral): “Perotti and Suarez (2011), for instance, show that regulating liquidity via quantities is distortive, and propose a tax on liquidity risk instead.”
Bailouts and Financial Fragility (2016, neutral): “See Perotti and Suarez (2011) and Stein (2013) on this point.”
The New Economics of Prudential Capital Controls: A Research Agenda (2011, background): “Perotti and Suarez (2011) study the desirability of price vs.”
Short-Term Wholesale Funding and Systemic Risk: A Global Covar Approach (2012, positive): “Similarly, the evidence in this paper also offers empirical support to justify the theoretical models that acknowledge the premise that wholesale funding can generate large systemic risk externalities; see, for instance, Perotti and Suarez (2011) for a recent analysis and references therein.”