Landier, Augustin. <br/><br/>
Regulating Systemic Risk through Transparency:  Tradeoffs in Making Data Public / 
Augustin Landier, David Thesmar. 
 - Cambridge, Mass.  National Bureau of Economic Research  2011. 
 - 1 online resource:  illustrations (black and white); 
 - NBER working paper series  no. w17664 .
 - Working Paper Series (National Bureau of Economic Research)  no. w17664. .
<br/><br/> December 2011. 
<br/><br/> 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. 
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