We analyze jointly optimal carbon pricing and leverage regulation in a model with financial constraints and endogenous … physical climate risks have a substantial impact on collateral values. Additionally introducing leverage regulation can be …

to (i) the liquidity regulation of AMs and (ii) the solvency regulation of IIs can improve upon the competitive …

How to conduct macro-prudential regulation? How to coordinate monetary policy and macro-prudential policy? To address …

In this paper we examine the quantitative effects of margin regulation on volatility in asset markets. We consider a … of collateral constraints leads to strong excess volatility. Thus, a regulation of margin requirements may have … stabilizing effects. However, in line with the empirical evidence on margin regulation in U.S. stock markets, we show that changes …