Tail risk: higher capital is not enough
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| Publication date | 26-08-2011 |
| Journal | VOX : Research-based Policy Analysis and Commentary from leading Economists |
| Volume | Issue number | 2011 | 26 August |
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| Abstract | As leading economists in Jackson Hole and Lindau call for more and better regulation to avoid a repeat global crisis, this column argues that higher bank capital, while essential, will be no panacea. In particular, it shows that tail risk often goes unaddressed. Regulators should therefore adopt direct tools for dealing with tail risk, including limits on asset and liability-side risk exposures. |
| Document type | Article |
| Language | English |
| Published at | http://www.voxeu.org/index.php?q=node/6909 |
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