Overcoming Too-Big-To-Fail: A Regulatory Framework to Limit Moral Hazard and Free Riding in the Financial Sector

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Following the demise of Lehman Brothers, the debate on regulatory reform has centered around whether large financial institutions must be broken up and their risk-taking activities limited by law, as called for by the "Volcker rule." This report argues that such actions are by no means necessary, may be hard to implement in practice, and could entail large costs in terms of the availability of cre...

By Jacopo Carmassi
Paperback: 98 pages
Publisher: Centre for European Policy Studies (August 3, 2010)
Language: English
ISBN-10: 9290799749
ISBN-13: 978-9290799740
Product Dimensions: 6.8 x 0.2 x 9.5 inches
Format: PDF Text djvu book

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