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Regulating systemic risk through transparency: tradeoffs in making data public
Augustin Landier, David Thesmar
Public or partial disclosure of financial data is a key element in the design of a new regulatory environment. We study the costs and benefits of higher public access to financial data and analyze qualitatively how frequency, disclosure lag and granularity of such open data can be chosen to maximize welfare, depending on the relative magnitude of economic frictions. We lay out a simple framework to choose optimal transparency of financial data.
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[2011] Non-Exclusive Competition under Adverse Selection
Andrea Attar, Thomas Mariotti and François Salanié
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[2011] Ambiguous Life Expectancy and the Demand for Annuities
Hippolyte d’Albis and Emmanuel Thibault
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[2011] Rethinking roll-over debt structure models
Jean-Paul Décamps and Stéphane Villeneuve
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[2011] Accidental bequests: a curse for the rich and a boon for the poor
Helmuth Cremer, Firouz Gahvari and Pierre Pestieau
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[2011] Testing Distributional Assumptions: A GMM Approach
Christian Bontemps and Nour Meddahi
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[2011] Portfolio choices and asset prices: The comparative statics of ambiguity aversion
Christian Gollier
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[2011] Illiquidity and All Its Friends
Jean Tirole
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[2011] Eliciting Beliefs: Proper Scoring Rules, Incentives, Stakes and Hedging
Olivier Armantier, Federal Reserve Bank of New York - Nicolas Treich, Toulouse School of Economics (LERNA, INRA).
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[2011] Collective Moral Hazard, Maturity Mismatch, and Systemic Bailouts
Emmanuel Farhi, Jean Tirole.
Harvard University, department of Economics and Toulouse School of Economics
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[2010] Stock Price Manipulation by Hedge Funds
Itzhak Ben-David, Francesco Franzoni, Augustin Landier, Rabih Moussawi.
Fisher College of Business, The Ohio State University - Swiss Finance Institute and University of Lugano - Toulouse School of Economics - Wharton Research Data Services, The Wharton School, University of Pennsylvania
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[2011] Regulating systemic risk through transparency: tradeoffs in making data public, December 2011
Augustin Landier, David Thesmar
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[2011] Vulnerable Banks, November 2011
Robin Greenwood, Augustin Landier, David Thesmar
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[2011] The WACC Fallacy: The Real Effects of Using a Unique Discount Rate, September 2011
Philipp Krüger, Geneva Finance Research Institute - Universite de Geneve, Augustin Landier, Toulouse School of Economics, David Thesmar, HEC Paris and CEPR
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[2011] Do Hedge Funds Manipulate Stock Prices?, May 2011
Itzhak Ben-David, Fisher College of Business, The Ohio State University, Francesco Franzoni, Swiss Finance Institute and University of Lugano, Augustin Landier, Toulouse School of Economics, Rabih Moussawi, Wharton Research Data Services, The Wharton School, University of Pennsylvania
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[2011] Stock Price Manipulation by Hedge Funds, March 2011
Itzhak Ben-David, Fisher College of Business, The Ohio State University, Francesco Franzoni, Swiss Finance Institute and University of Lugano, Augustin Landier, Toulouse School of Economics, and Rabih Moussawi, Wharton Research Data Services, The Wharton School, University of Pennsylvania
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[2010] "Réguler en informant", La Jaune et la Rouge, February 2010
Augustin Landier (Toulouse School of Economics), David Thesmar (HEC Paris, X92)
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[2010] Investisseurs de Long Terme: Expliciter les Objectifs, Optimiser les Incitations
Augustin Landier, Professeur de Finance, Toulouse School of Economics
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[2010] L’inflation, un « Black Swan » sur nos radars ?
Augustin Landier, Professeur de Finance, Toulouse School of Economics
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[2010] The Taxpayer Burden of Bank Restructuring, January 2010
Augustin Landier (Toulouse School of Economics) and Kenichi Ueda, Senior Economist at the International Monetary Fund
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