2017
DOI: 10.2139/ssrn.2921259
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Rediscovering Macro-Prudential Regulation: The National Banking Era from the Perspective of 2015

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Cited by 2 publications
(2 citation statements)
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“…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%
“…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%
“…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%