Prudential regulation subject to ‘leakages’ – BIS paper
Net effect of tighter prudential regulation is positive for economic growth, paper finds
Economic growth may be promoted by prudential regulatory policies that seek to mitigate financial risk, but the rules can leak, according to a paper co-authored by the deputy general manager of the Bank for International Settlements, Luiz Pereira da Silva.
Da Silva and a team of researchers use data from 64 countries over the period from 1990–2014 to analyse four effects prudential regulation has on economic growth. The four areas are: risk-taking and incentives to lend and borrow; size of the
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