Thorsten Beck, Emily Jones , Peter Knaack, 15 October 2018

In today’s world of globalised finance, regulators in developing countries have to weigh up the international ramifications of their decisions. This column presents the results of a research project which combines cross-country panel analysis and in-depth case studies of the political economy of the adoption of Basel II/III in the developing world. It finds that regulators in developing countries do not merely adopt Basel II/III because these standards provide the optimal technical solution to financial stability risks in their jurisdictions; concerns about reputation and competition are also important. 

Hester Peirce, 10 April 2017

If the financial system doesn’t work, the rest of the economy doesn’t work. In this video, Hester Peirce discusses how the regulators’ role needs to be adjusted. This video was recorded at the American Economic Association in Chicago in January 2017.

Franklin Allen, 04 May 2016

Financial regulations failed to stop the Global Crisis or prevent it from becoming so serious. In this video, Franklin Allen argues there is insufficient theoretical and empirical background on which to base regulations. Regulations tend to be introduced as immediate responses to a problem, and research needs to feed policy in order to provide regulators with the necessary theoretical and empirical tools to react efficiently. This video was recorded at the "Financial Regulation Initiative" conference organised by CEPR and held in London on 30 September 2015.

Richard Portes, 22 January 2008

Recent financial market troubles highlight a number of problems with the credit ratings agencies. This column argues only a few of the proposed policy solutions are likely to be both feasible and helpful.

CEPR Policy Research