Financial regulation and the federal budget.

Format:

Book

Government document

Author/Creator:

Falkenheim, Michael, author.

Contributor:

United States. Congressional Budget Office, issuing body.

Language:

English

Subjects (All):

Financial services industry--Law and legislation--United States.

Financial services industry.

Financial services industry--Government policy--United States.

Budget--United States.

Budget.

Financial services industry--Government policy.

Financial services industry--Law and legislation.

United States.

Physical Description:

1 online resource (58 pages) : color illustrations

Place of Publication:

[Washington, DC] : Congress of the United States, Congressional Budget Office, 2019.

Summary:

To explore how changes to financial regulation might affect the federal budget, CBO analyzed three illustrative policies. The agency found that the policies' largest budgetary effects would stem from macroeconomic feedback.

Contents:

1. Financial regulation under current law. Goals and challenges of financial regulation

Safety and soundness regulation

Financial guarantee, emergency lending, and resolution authorities

2. Direct effects of CBO's three illustrative policies on spending and revenues. Lowering capital requirements

Eliminating orderly liquidation authority

Repealing the ability-to-repay rule for mortgages

Effects of the three illustrative policies on the economy. Effects under baseline economic conditions

Effects on the likelihood and severity of financial crises

Budgetary consequences of the policies' economic effects. Macroeconomic feedback under baseline economic conditions

Microeconomic feedback stemming from changes in the likelihood and severity of financial crises

Lowing capital requirements

5. Sensitivity of the results to the parameters used in this analysis and to provisions of tax law. An overview of the models and parameters used in this analysis

Sensitivity of the estimates of the direct effects on spending and revenues

Sensitivity of the estimates of macroeconomic feedback.

Notes:

"September 2019."

"Michael Falkenheim wrote this report"--About this document page.

Includes bibliographical references.

Description based on online resource, PDF version; title from cover (CBO, viewed December 28, 2019).

Other Format:

Print version: Falkenheim, Michael. Financial regulation and the federal budget

OCLC:

1133668741