paper, by means of a DSGE model including heterogeneous firms and banks, financial frictions and prudential regulation … increases the volatility of lending and output. We further show that relying on microprudential regulation alone would not be … microprudential regulation, leads to a Pareto improvement. …

development of the market, incorporating best practices in market regulation and building on lessons learned from recent market … measures, describes the evolution of securities and commodities market regulation, identifies aspects of a carbon market that …