Claudia M. Buch, 25 September 2020

Structured policy evaluations are important for the accountability and transparency of policy responses to global crises. Such evaluations require good infrastructure, including access to data and information on policies. In 2017, the Financial Stability Board began a comprehensive evaluation of post-crisis financial-sector reforms. This column draws on this evaluation to examine the state of the global banking system at the onset of COVID-19 crisis and highlights important lessons to be learned from the policy response to the Global Crisis.  

Richard Baldwin, Thomas Huertas, Tessa Ogden, 13 October 2017

The Global Crisis started ten years ago and proved a turning point in global economic policy. CEPR organised a high-level conference to discuss whether the regulatory reaction has been sufficient and where the next crisis might come from. This column summarises the conference discussions and introduces a set of video interviews with leading economists at the conference, including Paul Krugman, Anat Admati, John Vickers, Paul Tucker, among others.

Ross Levine, Chen Lin, Wensi Xie, 07 October 2016

Many policies have been put in place to constrain the expansion of banks across economic borders, in part to avoid them becoming too big and interconnected to fail. However, some argue that such expansion can reduce risk. This column evaluates the impact of geographic expansion on the cost of a bank’s interest-bearing liabilities. Geographic diversification materially lowers bank holding companies’ funding costs, suggesting there is a real cost of restricting banks from using geographic expansion to diversify their risks.

Vox eBooks

Events

CEPR Policy Research