Financial Markets
Highly and preemptively regulated, financial markets are a sector of the economy where new firms and their products can find it hard to gain a foothold. It’s also one where politicians, regulators, and financial institutions increasingly use their power to change the behavior of individuals and businesses outside the democratic process. Mercatus research shows how to keep the sector competitive and innovative, focused on finance and not on social causes.
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Latest work in Financial Markets
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Fed Is Thinking About the Future ‘A Little More Seriously’ | Fox Business Network
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What Are “Regulatory Sandboxes” and Will New Mexico Pass Legislation To Allow Them? | Rio Grande Foundation’s “Tipping Point New Mexico”
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The Fed Has ‘A Long Way to Go’, Says Fmr. Kansas City Fed President Thomas Hoenig | CNBC’s “Closing Bell”
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Q&As About Treasury Auctions & Weak Demand for 30-year Treasuries | FinRegRag
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Fiscal Dominance as a Threat to the Fed's Mission and to Macroeconomic Outcomes
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The Unholy Trinity | FinRegRag’s “FinRegRant”
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Basel Risk-Weighted Capital Standards: History of Poor Outcomes
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How Many Words Might Basel III Endgame Add To Current Bank Regulation? | FinRegRag
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Congress May Modernize the SEC’s Mission. Will It Work? | The Hill
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Economic Outlook and Risk of Recession | Fox Business Network
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This FOMC Is Very Concerned About Going Too Far | CNBC
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The Supreme Court Should Curb the SEC’s Excessive Penalties | Bloomberg Law
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The Impact of Rising Deficits On the Economy | CNBC’s “The Exchange”
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Rate Hikes Affect Consumer Prices | BBC News
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An Ominous Outlook for the Banking Sector | FinRegRag
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How This Spring’s Bank Failures Will Shape Bank Supervision | American Banker’s “Bankshot”
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Biden Impeachment Probe May Turn on Definition of ‘Benefit' | Law360
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Three Ways to Help Get the SAFER Act Back on the Right Path | FinRegRag
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- | TV Appearance TV Appearance
It’s a ‘Toss-Up’ Whether the Fed Will Hike Rates Again | CNBC Asia’s “Capital Connection”
Latest work in Financial Markets
- | Financial Markets Financial Markets
- | TV Appearance TV Appearance
Fed Is Thinking About the Future ‘A Little More Seriously’ | Fox Business Network
- | Financial Markets Financial Markets
- | Podcast Appearance Podcast Appearance
What Are “Regulatory Sandboxes” and Will New Mexico Pass Legislation To Allow Them? | Rio Grande Foundation’s “Tipping Point New Mexico”
- | Financial Markets Financial Markets
- | TV Appearance TV Appearance
The Fed Has ‘A Long Way to Go’, Says Fmr. Kansas City Fed President Thomas Hoenig | CNBC’s “Closing Bell”
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Q&As About Treasury Auctions & Weak Demand for 30-year Treasuries | FinRegRag
- | Financial Markets Financial Markets
- | Policy Briefs Policy Briefs
Fiscal Dominance as a Threat to the Fed's Mission and to Macroeconomic Outcomes
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
The Unholy Trinity | FinRegRag’s “FinRegRant”
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Basel Risk-Weighted Capital Standards: History of Poor Outcomes
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- | Expert Commentary Expert Commentary
How Many Words Might Basel III Endgame Add To Current Bank Regulation? | FinRegRag
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Congress May Modernize the SEC’s Mission. Will It Work? | The Hill
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Economic Outlook and Risk of Recession | Fox Business Network
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This FOMC Is Very Concerned About Going Too Far | CNBC
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The Supreme Court Should Curb the SEC’s Excessive Penalties | Bloomberg Law
- | Financial Markets Financial Markets
- | TV Appearance TV Appearance
The Impact of Rising Deficits On the Economy | CNBC’s “The Exchange”
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- | TV Appearance TV Appearance
Rate Hikes Affect Consumer Prices | BBC News
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- | Expert Commentary Expert Commentary
An Ominous Outlook for the Banking Sector | FinRegRag
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- | Podcast Appearance Podcast Appearance
How This Spring’s Bank Failures Will Shape Bank Supervision | American Banker’s “Bankshot”
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- | Expert Commentary Expert Commentary
Biden Impeachment Probe May Turn on Definition of ‘Benefit' | Law360
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- | Expert Commentary Expert Commentary
Three Ways to Help Get the SAFER Act Back on the Right Path | FinRegRag
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- | TV Appearance TV Appearance
It’s a ‘Toss-Up’ Whether the Fed Will Hike Rates Again | CNBC Asia’s “Capital Connection”
Latest work in Financial Markets
- | Financial Markets Financial Markets
- | Policy Briefs Policy Briefs
Fiscal Dominance as a Threat to the Fed's Mission and to Macroeconomic Outcomes
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The Role of Inflation-Linked Debt in US Government Finances
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More Bank Equity Means Less Reliance on Deposit Insurance
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Regulation, CDO Exposures, and Debt Guarantees through the Financial Crisis
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Administrative Browbeating and Insurance Markets
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Should the Securities and Exchange Commission Adopt a Mandatory ESG-Disclosure Framework?
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A Suggested Mortgage Amortization Structure: Fixed Amortization, Adjustable Principal
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Did Basel III Regulations Dampen Lending at Large Banks?
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- | Policy Briefs Policy Briefs
Does the SEC Have Legal Authority to Adopt Climate-Change Disclosure Rules?
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- | Policy Briefs Policy Briefs
Basel III and Excess Reserves: Another Case Study of the Unintended Consequences of Risk-Based Capital Requirements
- | Financial Markets Financial Markets
- | Policy Briefs Policy Briefs
Large Bank Holding Company Capital Ratios before and after Basel III
- | Regulation Regulation
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POLICY SPOTLIGHT: Fintech Sandboxes
Promoting Innovation, Encouraging Competition
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- | Policy Briefs Policy Briefs
Evaluating the Opportunity for US-UK Financial Services Trade Liberalization
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Evidence on the Use of Disclosure Documents in Private Securities Offerings to Accredited Investors
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Abandon the Concept of Accredited Investors in Private Securities Offerings
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Rise of the "Quants" in Financial Services: Regulation and Crowding Out of Routine Jobs
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On Regulation and Excess Reserves: The Case of Basel III
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Is Dodd-Frank the Biggest Law Ever?
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Why Government Shouldn’t Regulate Reputation Risk at Banks
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Express Loans for Small Business: Supplementing the CARES Act
Latest work in Financial Markets
- | Financial Markets Financial Markets
- | TV Appearance TV Appearance
Fed Is Thinking About the Future ‘A Little More Seriously’ | Fox Business Network
- | Financial Markets Financial Markets
- | Podcast Appearance Podcast Appearance
What Are “Regulatory Sandboxes” and Will New Mexico Pass Legislation To Allow Them? | Rio Grande Foundation’s “Tipping Point New Mexico”
- | Financial Markets Financial Markets
- | TV Appearance TV Appearance
The Fed Has ‘A Long Way to Go’, Says Fmr. Kansas City Fed President Thomas Hoenig | CNBC’s “Closing Bell”
- | Financial Markets Financial Markets
- | TV Appearance TV Appearance
Economic Outlook and Risk of Recession | Fox Business Network
- | Financial Markets Financial Markets
- | TV Appearance TV Appearance
This FOMC Is Very Concerned About Going Too Far | CNBC
- | Financial Markets Financial Markets
- | TV Appearance TV Appearance
The Impact of Rising Deficits On the Economy | CNBC’s “The Exchange”
- | Financial Markets Financial Markets
- | TV Appearance TV Appearance
Rate Hikes Affect Consumer Prices | BBC News
- | Financial Markets Financial Markets
- | Podcast Appearance Podcast Appearance
How This Spring’s Bank Failures Will Shape Bank Supervision | American Banker’s “Bankshot”
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- | TV Appearance TV Appearance
It’s a ‘Toss-Up’ Whether the Fed Will Hike Rates Again | CNBC Asia’s “Capital Connection”
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- | TV Appearance TV Appearance
Inflation Will Stay More Elevated Than Some Expect | CNBC
- | Financial Markets Financial Markets
- | TV Appearance TV Appearance
Biden Admin Scared to Death of Triggering Financial Crisis | Fox Business Network
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- | Podcast Appearance Podcast Appearance
Policy Ideas for Helping Workers and Employers Get the Most Out of the Work They Do | CEI’s “How the World Works”
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The Long-Run Effect of This Interest Rate Cycle Is Getting More Play, Says Former Fed President | CNBC
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Stock Market and Long Term Interest Rates | Fox Business
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Markets Brace for Pivotal Powell Speech | Bloomberg Daybreak
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What’s Next for the FOMC? | Fox Business Network
- | Financial Markets Financial Markets
- | TV Appearance TV Appearance
The Real Estate Industry Is Under Deep Stress Right Now | Fox Business Network
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- | TV Appearance TV Appearance
Inflation Has To Be the First Priority for the Fed | CNBC's "Closing Bell"
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- | TV Appearance TV Appearance
Regulators Should Be ‘Scrubbing’ Bank Portfolios | Bloomberg TV
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- | TV Appearance TV Appearance
Fed Must Stay the Course on Inflation, Says Former Kansas City Fed President | CNBC
Latest work in Financial Markets
- | Financial Markets Financial Markets
- | Federal Testimonies Federal Testimonies
Basel Risk-Weighted Capital Standards: History of Poor Outcomes
- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
The Adviser Custody Proposal Exceeds Several Restrictions on the SEC
- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
Amicus Brief | The National Rifle Association of America v. Maria T. Vullo
- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
Adopting the Proposed Order Competition Rule Would Degrade Equity Markets for Retail Traders
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- | Federal Testimonies Federal Testimonies
Revamping and Revitalizing Banking in the 21st Century
- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
Principles for Climate-Related Financial Risk Management for Large Financial Institutions
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- | State Testimonies State Testimonies
A Universal Sandbox in Missouri Can Promote Innovation and Regulatory Reform
Missouri House Committee on Economic Development
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Testimony on Workforce Management Disclosures and Other SEC Issues
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- | Public Interest Comments Public Interest Comments
ANPR Resolution-Related Resource Requirements for Large Banking Organizations
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- | State Testimonies State Testimonies
A Regulatory Sandbox in Ohio Can Promote Innovation and Regulatory Reform
Ohio House Financial Institutions Committee
- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
The FDIC Should Restore the OSA or, at Minimum, Solicit Public Views before Regressing to the SARC
Guidelines for Appeals of Material Supervisory Determinations
- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
Market-Based Solutions Can Build Public Trust in Decentralized Finance
- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
Recommendations for Advancing US Competitiveness in the Global Digital Asset Sector
- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
The FDIC Should Restore the OSA or, at Minimum, Solicit Public Views before Regressing to the SARC
- | Financial Markets Financial Markets
- | State Testimonies State Testimonies
Ohio Should Consider Creating Regulatory Sandboxes
Ohio House Financial Institutions Committee
- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
Adopting the SEC's Proposed Climate-Change Disclosure Rules Would Be Unwise
- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
Benefits, Costs, and Design Considerations of a Central Bank Digital Currency
- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
The SEC Lacks Legal Authority to Adopt Climate-Change Disclosure Rules
- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
Considerations for the ATS Proposal
Latest work in Financial Markets
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Q&As About Treasury Auctions & Weak Demand for 30-year Treasuries | FinRegRag
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
The Unholy Trinity | FinRegRag’s “FinRegRant”
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
How Many Words Might Basel III Endgame Add To Current Bank Regulation? | FinRegRag
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Congress May Modernize the SEC’s Mission. Will It Work? | The Hill
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
The Supreme Court Should Curb the SEC’s Excessive Penalties | Bloomberg Law
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
An Ominous Outlook for the Banking Sector | FinRegRag
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Biden Impeachment Probe May Turn on Definition of ‘Benefit' | Law360
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Three Ways to Help Get the SAFER Act Back on the Right Path | FinRegRag
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Are Bank Customers Safer With the Safer Act? Doesn’t Look Like It. | FinRegRag
- | Regulation Regulation
- | Expert Commentary Expert Commentary
Trump Can’t Have It Both Ways on Tariffs | The Wall Street Journal
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
China's Economy Is Struggling. Still Want To Emulate it? | Creators Syndicate
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Basel III Endgame: Capital Rules for Technocrats | FinRegRag (Substack)
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
More Uncertainty on the Horizon, Banks Still Under Pressure: Former Kansas City Fed President | BNN Bloomberg’s “The Close”
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Progressives and Populists vs. the Credit Card Market | Creators Syndicate
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Basel III Endgame Not Likely the End of the Regulatory Capital Revisions | FinRegRag
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Market Discipline First Requires Policy Discipline | Discourse
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
You Might Stop Banking Crises and Bailouts, but Not Bank Failures | The Hill
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Gold Is No Longer a Good Hedge Against Bad Times | Bloomberg Opinion
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Bank of America, the FBI, and the Question of Financial Privacy (Part 4) | FinRegRag
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary