Durable Financial Regulation: Monitoring Financial Instruments as a Counterpart to Regulating Financial Institutions

Leonard Nakamura

No 17006, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper sets forth a discussion framework for the information requirements of systemic financial regulation. It specifically describes a potentially large macro-micro database for the U.S. 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.

JEL-codes: G28 (search for similar items in EconPapers)
Date: 2011-05
New Economics Papers: this item is included in nep-ban, nep-reg and nep-rmg
Note: PE
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Published as Durable Financial Regulation: Monitoring Financial Instruments as a Counterpart to Regulating Financial Institutions , Leonard Nakamura. in Measuring Wealth and Financial Intermediation and Their Links to the Real Economy , Hulten and Reinsdorf. 2015

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Related works:
Chapter: Durable Financial Regulation: Monitoring Financial Instruments as a Counterpart to Regulating Financial Institutions (2014)
Working Paper: Durable financial regulation: monitoring financial instruments as a counterpart to regulating financial institutions (2012)
Working Paper: Durable financial regulation: monitoring financial instruments as a counterpart to regulating financial institutions (2010)
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