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Stop and Start Consumption: the Cash for Clunkers Fiscal Stimulus

igmforum editor - September 3rd, 2010

By Atif Mian and Amir Sufi

Proponents of fiscal stimulus argue that targeted subsidies can spur consumers ... Read Cash for Clunkers article>

 

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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 |