The simple analytics of systemic liquidity risk regulation
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| Publication date | 16-03-2011 |
| Journal | VOX : Research-based Policy Analysis and Commentary from leading Economists |
| Volume | Issue number | 2011 |
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| Abstract | How to regulate systemic risk? This column presents a new CEPR discussion paper assessing the performance of Pigouvian taxes and quantity-based regulations in containing the social costs of high-risk banking. It finds that, depending on how banks differ, the socially efficient solution may be attained with Pigouvian taxes, quantity regulations, or a combination of both. |
| Document type | Article |
| Language | English |
| Published at | http://www.voxeu.org/index.php?q=node/6213 |
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