@article{Nassios:332891,
      recid = {332891},
      author = {Nassios, Jason and Giesecke, James and Dixon, Peter and  Rimmer, Maureen},
      title = {Comparing the impacts of financial regulation in Australia  and the United States using country-specific financial CGE  models},
      address = {2017},
      year = {2017},
      note = {Presented at the 20th Annual Conference on Global Economic  Analysis, West Lafayette, IN, USA},
      abstract = {Jurisdiction-specific differences exist in the  implementation of the Basel III capital adequacy  requirements. This paper highlights one reason  inhomogeneous cross-country capital regulations may  materialise, by illustrating how the impacts of regulatory  change [in this case, a rise in bank capital adequacy  ratios (CARs)] can be affected by jurisdiction-specific  differences in the structure of the financial sector. To  this end, we begin by summarising the development of a new  financial computable general equilibrium (financial CGE)  model of the U.S. called USAGE2F. We then illustrate how  explicit recognition of financial stocks and flows can  broaden the scope of CGE analyses to include the effects of  changes in CARs of financial agents, e.g., the commercial  banks. Finally, our results are compared to findings of a  similar policy scenario in Australia, with differences in  the results largely attributable to cross-country  differences in financial structure.},
      url = {http://ageconsearch.umn.edu/record/332891},
}