How big a problem is too big to fail?
Edición de la obra How big a problem is too big to fail?
| Autor | Frederic S. Mishkin |
|---|---|
| Editorial | National Bureau of Economic Research |
| Fecha de publicación | 2005 |
| Lugar | Cambridge, MA |
| Idioma | inglés |
| Formato | Electronic resource |
| LCCN | 2005705280 |
| Serie | NBER working paper series ; · working paper 11814 · Working paper series (National Bureau of Economic Research : Online) ; |
| Número de Cutter | M678h |
"This review essay examines whether too-big-to-fail is as serious a problem as Gary Stern and Ron Feldman contend. This essay argues that Stern and Feldman overstate the importance of the too-big-to-fail problem and do not give enough credit to the FDICIA legislation of 1991 for improving bank regulation and supervision. However, this criticism of the Stern and Feldman book does not detract from many of its messages. Even if the too-big-to-fail problem is not as serious as they contend, the policies they outline can make it less likely that a banking crisis will occur even if driven by other factors"--National Bureau of Economic Research web site.