The Myth of Resolution Authority
Policy makers should acknowledge that current regulation of banks' capital and international agreements to regulate the banks are insufficient, an economist writes.
Share your thoughts.
Policy makers should acknowledge that current regulation of banks' capital and international agreements to regulate the banks are insufficient, an economist writes.
Share your thoughts.
Even last month’s job growth rate isn’t nearly fast enough to get the country back on the path to full employment anytime soon.
The goals and methods of the health care program based last year, derided by its critics as ObamaCare, is widely misunderstand, an economist writes.
American workers weren’t the only ones sacrificed by the Great Recession. Start-ups suffered, too.
Policy makers should acknowledge that current regulation of banks’ capital and international agreements to regulate the banks are insufficient, an economist writes.
Measures of the employment that do not include people in a family context can be misleading, an economist writes.
The history of the ever-shrinking package, a strategy many consumer goods companies adopt to avoid raising their headline prices.
Limited construction of new housing has helped restrict New York City’s population growth, the debate of Census results notwithstanding, an economist writes.
Can opponents of nuclear power overcome the lobbying of industry giants, an economist asks?
Even as colleges give students ample room to make choices about their education, they have done little to help students make smart choices, an economist writes.
The center of economic gravity in the world is steadily moving eastward, from somewhere in the mid-Atlantic to a place between India and China. Should Westerners be alarmed?
Economists offer readers insights about the dismal science.
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Faces, numbers and stories from behind the downturn.
A series about the surge in consumer debt and the lenders who made it possible.
A series exploring the origins of the financial crisis, from Washington to Wall Street.
13 Readers' Comments
If they cannot agree to safer terms, then next time they shoot themselves in the foot, we must let them fail.
No regulation, let the banks do business, but at the same time if they fail, they fail.
but how does one determine what the actual higher amount must be?
Peace,GM
1) impose a marginal capital requirement that increases as the size of the firm does. Anything above $100bln in assets should carry a 25% capital charge.
2) Reimpose Glass-Stegall. I would argue that the reason for the speed and ferocity of the crisis and the need for a bailout out was that investment banks and commercial banks were allowed to affiliate. While that may not have prevented a housing bubble, you would have had something more like the S&L crisis. Bad but not life-threatening.
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