DP13350 Liquidity, Leverage, and Regulation Ten Years after the Global Financial Crisis
|Author(s):||Tobias Adrian, John Kiff, Hyun Song Shin|
|Publication Date:||December 2018|
|Date Revised:||December 2018|
|Programme Areas:||Financial Economics|
|Link to this Page:||cepr.org/active/publications/discussion_papers/dp.php?dpno=13350|
The financial system has undergone far-reaching changes since the global financial crisis of 2008. We cast those changes in terms of shifts in the manner in which financial intermediaries manage their balance sheets. We also discuss the regulatory reform agenda, and we review the impact of regulations on market liquidity and credit availability. The current evidence suggests that the financial system has become safer, at limited unintended cost.