Beyond Dodd-Frank: Pinning down the Octozilla of too-big-to-fail with multiple market instruments

[...]we need to go beyond the commandand-control approach of the Dodd-Frank Act, and adopt economic instruments to correct these market failures. [...]a perception arose that when one such large bank might appear to be heading for bankruptcy, it was expected that the federal government would step in...

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Bibliographic Details
Published inBanking & Financial Services Policy Report Vol. 35; no. 6; p. 1
Main Author Thompson, Dale B
Format Journal Article Trade Publication Article
LanguageEnglish
Published Gaithersburg Aspen Publishers, Inc 01.06.2016
Subjects
Bank portfolios
Banking industry
Bankruptcy
Central banks
Commercial banks
Correspondent banks
Deposit insurance
Economic crisis
Economic growth
Economies of scale
Failure
Innovations
Interstate banking
Interstate Banking & Branching Efficiency Act 1994-US
Laws, regulations and rules
Moral hazard
Regulation of financial institutions
Subsidies
Taxes
Wall Street
Wall Street Reform & Consumer Protection Act 2010-US
United States
United States > US
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Summary:[...]we need to go beyond the commandand-control approach of the Dodd-Frank Act, and adopt economic instruments to correct these market failures. [...]a perception arose that when one such large bank might appear to be heading for bankruptcy, it was expected that the federal government would step in to prevent the failure and the resulting damage to the entire economy.
ISSN:1530-499X