Bank Capital, Basel accords, deposit insurance, lender of last resort, limited liability

One of the most important elements of contemporary financial regulation is bank capital adequacy regulation — the regulation of banks’ minimum capital requirements.  Capital adequacy regulation has been around since at the least the 19th century, but whereas its previous incarnations were relatively simple, and usually not very burdensome, modern capital…

Bitcoin, Blockchain, distributed ledger, financial privacy, Patrick Byrne

Over two hundred people gathered at the Cato Institute for Tuesday’s conference, “Cryptocurrency: The Policy Challenges of a Decentralized Revolution.”  Three keynote speakers and four panel discussions investigated the public policy implications of cryptocurrencies like Bitcoin and the underlying distributed ledger blockchain technology.  If you couldn’t make it to Cato…