Does Financial Tranquility Call for Stringent Regulation? /

Consistent with the Minsky hypothesis and the 'volatility paradox' (Brunnermeier and Sannikov, 2014), recent empirical evidence suggests that financial crises tend to follow prolonged periods of financial stability and investor optimism. But does financial tranquility always call for more...

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Détails bibliographiques
Auteur principal: Basak, Deepal
Autres auteurs: Zhao, Yunhui
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2018.
Collection:IMF Working Papers; Working Paper ; No. 2018/123
Accès en ligne:Full text available on IMF