Too big to fail : the hazards of bank bailouts /
In this clearly prophetic book, Gary H. Stern and Ron J. Feldman examine the "too big to fail" doctrine, and show how policymakers made the financial system riskier by implicitly promising to bail out the biggest banking institutions. In the wake of the global financial crisis in which sev...
Clasificación: | Libro Electrónico |
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Autores principales: | , |
Otros Autores: | |
Formato: | Electrónico eBook |
Idioma: | Inglés |
Publicado: |
Washington, D.C. :
Brookings Institution Press,
2004.
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Temas: | |
Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Foreword by Paul A. Volcker
- Introduction : our message and methods
- What is the problem?
- Why protection is costly
- How pervasive is TBTF?
- Why protect TBTF creditors?
- The growth of TBTF protection
- Testing our thesis : the cases of not too big to fail
- Can the problem be addressed?
- Creating the necessary foundation
- Reducing policymakers' uncertainty
- Limiting creditor losses
- Restricting payment system spillovers
- Alternatives for managing too big to fail
- Summary : talking points on too big to fail.