December 2011 issue contents

2011 December

Cover and contents (PDF, 4 pages,  kb)

Introduction
  by Douglas Gale, Rafael Repullo, and Frank Smets

A Pigovian Approach to Liquidity Regulation
  by Enrico Perotti and Javier Suarez
Discussion
  by Ernst-Ludwig von Thadden

Macroeconomic Propagation under Different Regulatory Regimes: Evidence from an Estimated DSGE Model for the Euro Area
  by Matthieu Darracq Pariès, Christoffer Kok Sørensen, and Diego Rodriguez-Palenzuela
Discussion
  by Andrew Powell

Capital Regulation and Tail Risk
  by Enrico Perotti, Lev Ratnovski, and Razvan Vlahu
Discussion
  by Andrew Winton

The Capital Conundrum
  by Richard J. Herring

Anchoring Countercyclical Capital Buffers: The Role of Credit Aggregatres
  by Mathias Drehmann, Claudio Borio, and Kostas Tsatsaronis
Discussion
  by Òscar Jordà

The Unreliability of Credit-to-GDP Ratio Gaps in Real Time: Implications for Countercyclical Capital Buffers
  by Rochelle M. Edge and Ralf R. Meisenzahl
Discussion
  by Simon van Norden