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Measuring Wealth and Financial Intermediation and Their Links to the Real Economy$
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Charles R. Hulten and Marshall B. Reinsdorf

Print publication date: 2015

Print ISBN-13: 9780226204260

Published to Chicago Scholarship Online: September 2015

DOI: 10.7208/chicago/9780226204437.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 05 December 2019

Durable Financial Regulation

Durable Financial Regulation

Monitoring Financial Instruments as a Counterpart to Regulating Financial Institutions

Chapter:
(p.67) 3 Durable Financial Regulation
Source:
Measuring Wealth and Financial Intermediation and Their Links to the Real Economy
Author(s):

Leonard Nakamura

Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226204437.003.0003

In the wake of the recent financial crisis, an effort is underway to redesign the regulation of financial institutions. This paper sets forth a discussion framework for the information requirements of systemic financial regulation. It specifically describes a potential large macro-micro database for the United States based on an extended version of the Flow of Funds. I argue that such a database would have been of material value to U.S. regulators in ameliorating the recent financial crisis and could be of aid in understanding the potential vulnerabilities of an innovative financial system in the future. I also suggest that making these data available to the academic research community, under strict confidentiality restrictions, would enhance the detection and measurement of systemic risk.

Keywords:   finance, regulation, flow of funds

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