We study the impact of financial regulation on the financial sector and the broader economy. Our research covers a broad range of topics, including bank capital regulations, consumer regulations, and central bank lending. Our recent work has dealt with the size of the federal financial safety net, the influence of regulation on mortgage default rates, and bank runs.
To learn more about the safety net, which is supposed to protect large financial institutions and their creditors from failure and reduce "systemic risk" but may not do either, read the Richmond Fed's essay on the "too big to fail" problem in the "Our Perspective" series.
|2009||Systemic Risk and the Pursuit of Efficiency||Kartik B. Athreya|
|2008||The Financial Crisis: Toward an Explanation and Policy Response||Aaron Steelman
John A. Weinberg
|2002||The Accounting for Corporate Behavior||John A. Weinberg|
|2001||The Economics of Financial Privacy||Jeffrey M. Lacker|