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Regulating Systemic Risk through Transparency: Tradeoffs in Making Data Public / Augustin Landier, David Thesmar.

NBER Working papers Available online

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Format:
Book
Author/Creator:
Landier, Augustin.
Contributor:
National Bureau of Economic Research.
Thesmar, David.
Series:
Working Paper Series (National Bureau of Economic Research) no. w17664.
NBER working paper series no. w17664
Language:
English
Physical Description:
1 online resource: illustrations (black and white);
Place of Publication:
Cambridge, Mass. National Bureau of Economic Research 2011.
Summary:
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.
Notes:
Print version record
December 2011.

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