Investment Banking Regulation After Bear Stearns

Jaffee Dwight M. and Perlow Mark

The Economists' Voice, 2008, vol. 5, issue 5, 5

Abstract: The Bear Stearns bailout created an implicit guarantee that will create a great deal of moral hazard unless we smartly regulate investment banks in a way that doesn't destroy their value; so say Dwight Jaffee and Mark Perlow.

Date: 2008
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DOI: 10.2202/1553-3832.1401

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