A Macroprudential Approach to Financial Regulation
By S. G. Hanson, Anil K. Kashyap, Jeremy C. Stein. 2011
1,054 citations recorded by the source corpus.
Subfields: Finance
View Paper: https://www.semanticscholar.org/paper/ea19ee316a42e6b5fc5b365c2d5570687ca4a418
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Finance
- Stijn Claessens
- Luc Laeven
- José-Luis Peydró
- Thorsten Beck
- Nellie Liang
- Frank Smets
- Tobias Adrian
- Eugenio Cerutti
Citations in the corpus
- Financial Accounting in the Banking Industry: A Review of the Empirical Literature (2014, neutral): “Similarly, Hanson et al. (2011) argue that macroprudential approach can be characterized as “an effort to control the social costs associated with”
- Macro-Prudential Policies to Mitigate Financial System Vulnerabilities (2013, background): “2009; see also Hanson, Kayshap, and Stein, 2011, and De Nicolò et al, 2012).”
- Financial Stability and Monetary Policy: How Closely Interlinked? (2014, background): “…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 objectives and (ii) the instruments should be assigned to those objectives that they can most efficiently…”
- The Leverage Ratchet Effect (2017, positive): “…not explain resistance to earnings retention or rights offerings, neither of which is subject to market undervaluation of new shares.2 The uniform resistance we see to all these forms of leverage reduction, especially in 1 See for example Bolton and Freixas (2006) and Kashyap et al. (2010, 2011).”
- Bank Leverage Regulation and Macroeconomic Dynamics (2011, positive): “The riskiness of bank failure, however, is allowed to be somewhat higher than it would have been under time-invariant regulation (Hanson et al., 2011).”
- Complexity, concentration and contagion (2011, background): “…it does not account for any reduction in concentration that might be incentivised by them.26 The cyclical aim of macro-prudential policy is to lean against the wind of the credit cycle, much like monetary policy does in respect of the business cycle (Bank of England, 2009; Hanson et al, 2011).”