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What Happens When You Regulate Risk? Evidence from a Simple Equilibrium Model

The implications of Value-at-Risk regulations are analyzed in a CARA--normal general equilibrium model. Financial institutions are heterogeneous in risk preferences, wealth and the degree of supervision. Regulatory risk constraints lower the probability of one form of a systemic crisis, at the expen...

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Bibliographic Details
Authors and Corporations: Danielsson, Jon (Author), Zigrand, Jean-Pierre (Other)
Other Authors: Zigrand, Jean-Pierre
Type of Resource: E-Book
Language: Undetermined
published:
[S.l.] SSRN [2002]
Source: Verbunddaten SWB
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