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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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A Sound Funeral Plan Can Prolong a Bank’s Life

By Anil Kashyap
Financial Times, June 29th, 2009

Buried within the 88-page Obama administration proposal to overhaul financial regulation is an overlooked option called a “rapid resolution plan”. It mandates that systemically important financial companies be required regularly to file a “funeral plan”: a set of instructions for how the institution could be quickly dismantled should the need to do so arise. This simple step would have both short-run benefits if another wave of panic occurs and longer-term pay-offs that would complement other reform efforts.

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Posted in Credit Crisis |