The Shadow Financial Regulatory Committee discusses a variety of current financial regulation issues, including the Federal Reserve’s Lender of Last Resort activities, stress testing and living wills, and regulation of swaps.
The Financial Stability Oversight Council should not have the power to designate nonbank financial institutions.
The FSOC should not have the power to designate nonbank financial institutions… [it] is a statement by the government that the firm is too big to fail. To extend TBTF to other industries, and disrupt the competitive structures in those industries for no good reason, is seriously bad policy if not folly.
This paper argues that the reason for the slow recovery is the Dodd-Frank Act, enacted in 2010, which placed heavy regulatory costs and new restrictive lending standards on small banks.
Brendan Brown, an expert in monetary history and theory, shows how faith in the Federal Reserve is and always has been mistaken.
International experts from industry, academia, the financial community, and government share lessons learned from their efforts to objectively measure housing risk.
There is no reason why high quality liquid bonds issued by US states and municipalities should receive a lower standing than foreign sovereign debt with equivalent (or even lesser) credit quality and market liquidity.
The roughly half-dozen studies published in academic, peer-reviewed journals are thoroughly mixed on “the big question” of whether payday loans help or hurt their users. Given the mixed evidence on the “big question” and the smaller, but crucial question of whether rollovers reflect overoptimism, more research should precede wholesale reforms.
Proponents of an interest-rate increase generally treat it as an end in itself, and a tiny increase in the federal funds rate should be thought to be so important either way.
This seminar will examine the causes of the recent Chinese slowdown and address whether it is a temporary setback or the deflation of real estate and investment bubbles, with worse to come.
Post-crash polls reveal Americans’ continued uncertainty about the economy’s trajectory.
Dodd Frank has burdened small banks — and the businesses that rely on them — much more than large businesses that have access to capital markets. Is this why we’re experiencing the slowest recovery in two generations?
The Shadow Financial Regulatory Committee will discuss a variety of current financial regulation issues, including the Federal Reserve’s Lender of Last Resort activities, stress testing and living wills, and regulation of swaps.
Covering a housing or banking story today? Here’s the latest from the experts on the AEI financial services team.