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100 _9574
_aNakamura, Leonard
245 _aDurable Financial Regulation :
_bmonitoring financial instruments as a counterpart to regulating financial institutions
260 _bFederal Reserve Bank of Philadelphia,
_cDecember 2012.
300 _a22 pages
500 _aKeywords: financial regulation, United States of America,
520 _aThis paper sets forth a discussion framework for the information requirements of systemic financial regulation. It specifically describes a potential large macro-micro database for the U.S. based on an extended version of the Flow of Funds. I argue that such a database would have been of material value to U.S. regulators in ameliorating the recent financial crisis and could be of aid in understanding the potential vulnerabilities of an innovative financial system in the future. I also suggest that making these data available to the academic research community, under strict confidentiality restrictions, would enhance the detection and measurement of systemic risk.
524 _aNakamura, Leonard I., Durable Financial Regulation: Monitoring Financial Instruments as a Counterpart to Regulating Financial Institutions (December 1, 2012). FRB of Philadelphia Working Paper No. 13-2, Available at SSRN: https://ssrn.com/abstract=2193966 or http://dx.doi.org/10.2139/ssrn.2193966
650 0 _9502
_aInvestment & Financialisaton
_zInternational
_zNorth America
856 _uhttps://papers.ssrn.com/sol3/papers.cfm?abstract_id=2193966
_yView item on publishers website
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_cR
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