Regulatory reform and risk-taking: replacing ratings
收藏NBER2013-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w19257
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资源简介：
We analyze a reform of insurance companies' capital requirements for mortgage-backed securities. First, credit ratings were replaced as inputs to capital regulation. Second, the redesigned system ensures capital buffers sufficient to withstand expected losses, but insufficient to protect against
提供机构：
美国国家经济研究局
创建时间：
2013-07-01
