CFLP blue bag lunch talk with Prof. Jeffery Zhang

Conventional wisdom says the 2008 financial crisis fundamentally changed how policymakers approach financial regulation, with regulators seeking to prevent individual financial institutions from collapsing using a “microprudential” strategy before the crisis, and turning to a new “macroprudential” approach that prioritizes the stability of the financial system as a whole post-crisis. Despite new stress tests, capital buffers, liquidity requirements, and other supposed macroprudential tools, Prof.

• Economics and finance
• Financial Regulation