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Regulating Systemic Risk through Transparency: Tradeoffs in Making Data Public

In: Risk Topography: Systemic Risk and Macro Modeling

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  • Augustin Landier
  • David Thesmar

Abstract

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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This item is provided by National Bureau of Economic Research, Inc in its series NBER Chapters with number 12508.

Handle: RePEc:nbr:nberch:12508

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Cited by:
  1. Moreno, Diego & Takalo , Tuomas, 2012. "Optimal bank transparency," Research Discussion Papers 9/2012, Bank of Finland.

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