Durable Financial Regulation

Leonard Nakamura

in Measuring Wealth and Financial Intermediation and Their Links to the Real Economy

Published by University of Chicago Press

Published in print February 2015 | ISBN: 9780226204260
Published online September 2015 | e-ISBN: 9780226204437 | DOI:
Durable Financial Regulation

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In the wake of the recent financial crisis, an effort is underway to redesign the regulation of financial institutions. This 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 United States 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.

Keywords: finance; regulation; flow of funds

Chapter.  10081 words. 

Subjects: Economic Systems

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