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Let’s Not Pursue the Volcker Ruleigmforum editor - March 3rd, 2010
U.S. Monetary Policy Forum; New York, New York On Friday February 26, the IGM hosted its annual “ U.S. Monetary Policy Forum
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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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By Oliver Hart and Luigi Zingales
FT.com, February 7th, 2010
In the struggle to identify how to avoid a repeat of last year’s financial crisis there is an emerging consensus among regulators, academics and practitioners that contingent convertible (Coco) bonds are the way to go. The idea is to have some debt in the capital structure of banks that converts into equity when a bank faces financial distress.