Marc Jarsulic Journalist Profile

Articles

Industrial Policy To Reduce Prescription Generic Drug Shortages

Jul 23, 2024 | americanprogress.org | Marc Jarsulic

Issues [1] Introduction and summary Shortages of prescription generic drugs, which account for nearly 90 percent of prescriptions, are frequent and can last for several months or even years. A recent study shows that from 2017 to 2021, the U.S. Food and Drug Administration (FDA) received 731 manufacturer “supply chain issue reports,” which are meant to identify shortages that could affect the national supply of an important prescription drug.1 Of those, 113 drugs had a “meaningful” shortage,...
Regulators’ Bank Capital Proposals Don’t Go Far Enough To Improve Financial Stability

Jan 16, 2024 | americanprogress.org | Marc Jarsulic |Lilith Fellowes-Granda

Banks resist regulatory capital requirements, often by claiming that stability gains are offset by economic harms. One frequent claim is that equity finance is more expensive than debt, so increased equity requirements mean higher costs for bank-mediated finance. But this argument neglects the fact that lower leverage—that is, a lower share of debt in the bank’s funding mix—decreases the rate of return that equity owners expect to receive because bank solvency risk is reduced.
CAP Comments on Regulators’ Proposals To Increase Bank Capital Requirements

Dec 14, 2023 | americanprogress.org | Marc Jarsulic |Lilith Fellowes-Granda

On July 27, 2023, the Office of the Comptroller of the Currency (OCC), the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) issued proposals that would make important adjustments to the capital framework and raise the overall level of capital that the largest banks have to maintain. Capital requirements are among regulators’ most powerful tools in managing risky bank behaviors and reducing the likelihood of bank failures and taxpayer bailouts.
Stopping Bank Runs and Protecting the Economy

Mar 29, 2023 | prospect.org | Marc Jarsulic

This story is part of a Big Ideas series that brings together experts to offer steps that the government can take to protect the financial system, after the collapse of Silicon Valley Bank showed its inherent fragility. You can read all of the stories in this series here. In the Great Financial Crisis of 2008, it was the globally significant banks. This time, the problem is in the regional banks. But the underlying issue is not that different.