Monthly Archives: April 2020

Limiting borrowers leverage

Posted on April 13, 2020 by Francesc Rodríguez Tous

In the last post I talked about the countercyclical capital buffer (CCyB), a new regulatory tool to increase banks’ capital requirements that most countries have not used but that could have been effective to mitigate the Covid-19 crisis. As I … Continue reading →

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Countercyclical capital buffers and regulatory discretion

Posted on April 9, 2020 by Francesc Rodríguez Tous

One of the main regulations that banks have to comply with are capital requirements; in particular, banks need to hold a minimum amount of capital depending on the composition of their investments (assets). Actually, the use of the word “hold”, … Continue reading →

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Moralities of everyday life

Posted on April 3, 2020 by Francesc Rodríguez Tous

What is morality? Why do we feel disgust towards certain actions? Does everyone have a different morality? Should we be moral? How should we determine what is the moral thing to do? These and other questions are discussed in the … Continue reading →

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Keeping at It, by Paul A. Volcker

Posted on April 2, 2020 by Francesc Rodríguez Tous

Paul Volcker, who died this last December at the age of 92, is some sort of almost demi-god among people interested in central banking, monetary policy, and banking regulation; in other words, people like me. I was hence extremely interested … Continue reading →

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