Financial Innovation and Risk Management: The Cross-Guarantee Solution

Bert Ely
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Bert Ely: The Jerome Levy Economics Institute

Macroeconomics from EconWPA

Abstract: The cross-guarantee concept, which is summarized below, will eliminate the regulatory moral hazard that electronic technology has greatly exacerbated in recent years. The paper concludes by outlining the many benefits cross-guarantees will bring to the financial system as well as the structural and international implications of using cross-guarantees to bring market-driven regulation to the financial services sector of the American economy.

JEL-codes: E (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ias
Date: 1998-12-15
Note: Type of Document - Acrobat PDF; prepared on IBM PC; to print on PostScript; pages: 19; figures: included

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http://129.3.20.41/eps/mac/papers/9812/9812008.pdf (application/pdf)

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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpma:9812008

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