Regulating Systemic Risk through Transparency: Tradeoffs in Making Data Public

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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Year of publication:	2011-12
Authors:	Landier, Augustin ; Thesmar, David
Institutions:	National Bureau of Economic Research (NBER)

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Extent:	application/pdf
Series:	NBER Working Papers.
Type of publication:	Book / Working Paper
Notes:	PE published as <a href="http://www.nber.org/chapters/c12508">Regulating Systemic Risk through Transparency: Trade-Offs in Making Data Public</a>, Augustin Landier, David Thesmar. in <a href="http://www.nber.org/books/brun11-1">Risk Topography: Systemic Risk and Macro Modeling</a>, Brunnermeier and Krishnamurthy. 2014 Number 17664
Classification:	D82 - Asymmetric and Private Information ; D83 - Search, Learning, Information and Knowledge ; H41 - Public Goods
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009421969