Volume 7, Issue 4

Introduction

Douglas Gale, Rafael Repullo and Frank Smets

A Pigovian Approach to Liquidity Regulation

Enrico Perotti and Javier Suarez

Macroeconomic Propagation under Different Regulatory Regimes: Evidence from an Estimated DSGE Model for the Euro Area

Matthieu Darracq Pariès, Christoffer Kok Sørensen and Diego Rodriguez-Palenzuela

Capital Regulation and Tail Risk

Enrico Perotti, Lev Ratnovski and Razvan Vlahu

The Capital Conundrum

Richard J. Herring

Anchoring Countercyclical Capital Buffers: The role of Credit Aggregates

Mathias Drehmann, Claudio Borio and Kostas Tsatsaronis

The Unreliability of Credit-to-GDP Ratio Gaps in Real Time: Implications for Countercyclical Capital Buffers

Rochelle M. Edge and Ralf R. Meisenzahl