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Managing the Expanded Safety Net
Gary H. Stern
其他書名
A Reprint from the Federal Reserve Bank of Minneapolis 2007 Annual Report
出版DIANE Publishing, 2009-02
主題Business & Economics / General
ISBN14379064949781437906493
URLhttp://books.google.com.hk/books?id=OFjV9FcHPO0C&hl=&source=gbs_api
EBookSAMPLE
註釋Explains why the government¿s response to the 2007-08 financial turmoil, although justified, expanded the safety net and exacerbated the too big to fail (TBTF) problem. A larger TBTF problem is costly, having the capability to sow the seeds of future financial crises. Therefore, we should begin now to develop a new approach to manage TBTF. Their recommendations to address TBTF would effectively address the safety net expansion and position policymakers to respond more effectively to ¿the next Bear Stearns.¿ They explain their recommendations in terms of their relevance in today¿s environment. Concludes with excerpts from their 2004 book, ¿Too Big To Fail: The Hazards of Bank Buyout,¿ which summarize their arguments in more detail.