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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Bibliographic Details
Main Author: Basak, Deepal
Other Authors: Zhao, Yunhui
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2018.
Series:IMF Working Papers; Working Paper ; No. 2018/123
Online Access:Full text available on IMF