June 2015 issue contents

Cover and contents

Introduction

Opening remarks
  by Charles I. Plosser

Capital Regulation in a Macroeconomic Model with Three Layers of Default
  by Laurent Clerc, Alexis Derviz, Caterina Mendicino, Stephane Moyen, Kalin Nikolov, Livio Stracca, Javier Suarez and Alexandros P. Vardoulakis
Discussion
  by Nobuhiro Kiyotaki

Did the EBA Capital Exercise Cause a Credit Crunch in the Euro Area?
  by Jean-Stéphane Mésonnier and Allen Monks
Discussion
  by Jose M. Berrospide

The Road to Financial Stability: Capital Regulation, Liquidity Regulation, and Resolution
  by Stephen G. Cecchetti

Large Banks, Loan Rate Markup, and Monetary Policy
  by Vincenzo Cuciniello and Federico M. Signoretti
Discussion
  by Dean Corbae

Systemic Risk and the Solvency-Liquidity Nexus of Banks
  by Diane Pierret
Discussion
  by Tobias Adrian
Appendix

CEO Compensation, Regulation, and Risk in Banks: Theory and Evidence from the Financial Crisis
  by Vittoria Cerasi and Tommaso Oliviero
Discussion
  by Daniel Paravisini

Liquidity Hoarding and Inefficient Abundant Funding
  by Enisse Kharroubi

Centrality-Based Capital Allocations
  by Adrian Alter, Ben R. Craig and Peter Raupach
Discussion
  by Alireza Tahbaz-Salehi

Multi-Polar Regulation
  by Andrew G. Haldane