Rediscovering Macro-Prudential Regulation: The National Banking Era from the Perspective of 2015

Calomiris, Charles W.; Carlson, Mark A.

doi:10.2139/ssrn.2921259

Cited by 2 publications

(2 citation statements)

References 43 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The birth of cash-reserve requirements as a monetary policy tool in the U.S. in the 1930s is well-documented (Friedman and Schwartz (1963), Meltzer (2010), and Carlson and Wheelock (2014)). Interestingly, "cash reserve requirement" had a long history in the U.S. as a banking regulation tool before becoming a monetary policy tool (Goodfriend and Hargraves (1983), Calomiris (2012), Carlson (2015), and Calomiris and Carlson (2017). They existed before the creation of the Fed, and, between 1913 and 1933, the Fed system kept a fixed cash-reserve requirement for a purpose of banking regulation only.…”

Section: A the Birth Of Liquidity Requirements As A Monetary Policy mentioning

confidence: 99%

Liquidity Ratios as Monetary Policy Tools

Monnet¹,

Vari²

2019

IMF Working Papers

View full text Add to dashboard Cite

This paper explores what history can tell us about the interactions between macroprudential and monetary policy. Based on numerous historical documents, we show that liquidity ratios similar to the Liquidity Coverage Ratio (LCR) were commonly used as monetary policy tools by central banks between the 1930s and 1980s. We build a model that rationalizes the mechanisms described by contemporary central bankers, in which an increase in the liquidity ratio has contractionary effects, because it reduces the quantity of assets banks can pledge as collateral. This effect, akin to quantity rationing, is more pronounced when excess reserves are scarce.

show abstract

Section: A the Birth Of Liquidity Requirements As A Monetary Policy mentioning

confidence: 99%

Liquidity Ratios as Monetary Policy Tools

Monnet¹,

Vari²

2019

IMF Working Papers

View full text Add to dashboard Cite

show abstract

“…One is the law of insurance supervision, and the other is the insurance regulatory agency. In the modern sense, the insurance regulation law first appeared in the rapid development of capitalism in the United States [5]. In 1810, the state of Pennsylvania passed a law that forbids foreign state insurance companies to start insurance operations in the state.…”

Section: Basic Theory Of Commercial Insurance Regulationmentioning

confidence: 99%

Study on the Supervision System of Commercial Insurance in China

Cui¹

2018

Proceedings of the 2nd International Conference on Economics and Management, Education, Humanities and Social Sciences (EMEHSS

View full text Add to dashboard Cite

The supervision of commercial insurance is an important part of financial supervision. For a long time, there are many studies on the banking and securities regulatory system in China, and the research system is more perfect. However, there is little research on the issues related to the regulation of commercial insurance. This is not consistent with the systematic importance of the insurance institutions in the financial system, and is not consistent with the increasing economic status of the insurance industry in the national economy. Therefore, the actual situation of domestic insurance supervision is studied. The experience of insurance supervision in developed countries is used for reference. The basic concept and necessity of commercial insurance regulation are explained. The basis and significance of the regulatory system of commercial insurance are analyzed. Finally, the path of perfecting China's commercial insurance supervision system is proposed.

show abstract

Rediscovering Macro-Prudential Regulation: The National Banking Era from the Perspective of 2015

Cited by 2 publications

References 43 publications

Liquidity Ratios as Monetary Policy Tools

Liquidity Ratios as Monetary Policy Tools

Study on the Supervision System of Commercial Insurance in China

Contact Info

Product

Resources

About