Regulating Systemic Risk Through Transparency: Tradeoffs in Making Data Public

15 Pages Posted: 17 Dec 2011 Last revised: 29 Dec 2013

See all articles by Augustin Landier

Augustin Landier

HEC

David Thesmar

Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)

Date Written: December 2011

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.

Suggested Citation

Landier, Augustin and Thesmar, David, Regulating Systemic Risk Through Transparency: Tradeoffs in Making Data Public (December 2011). NBER Working Paper No. w17664. Available at SSRN: https://ssrn.com/abstract=1973875

David Thesmar

Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA) ( email )

77 Massachusetts Avenue
Cambridge, MA 02139-4307
United States
16172259767 (Phone)

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