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Let’s Not Pursue the Volcker Rule

igmforum editor - March 3rd, 2010

U.S. Monetary Policy Forum; New York, New York
Frebruary 26, 2010

On Friday February 26, the IGM hosted its annual “ U.S. Monetary Policy Forum

 

Started by faculty members from the Initiative on Global Markets at the University of Chicago Booth School of Business

Global markets have generated confusion among policymakers and the public. The IGM promotes sound analysis of how these markets work, their effects, and the way they interact with policies and institutions.

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Banks Need Fewer Carrots and More Sticks

By Luigi Zingales, R. Glenn Hubbard, and Hal Scott
Wall Street Journal; May 6th, 2009

The results of bank stress tests — expected tomorrow — will no doubt prompt calls for further government guarantees and capital injections. But continuing to prop up the banks with government cash is a mistake. There is a better approach.

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