The Squam Lake Report: Commentary

Charles A. E. Goodhart

Journal of Economic Literature, 2011, vol. 49, issue 1, 114-19

Abstract: The idea of the Squam Lake Report was to bring together some fifteen leading U.S. financial economists to see what regulatory changes they could jointly agree and thereby influence policy discussions. Seeking to find a consensus, however, meant that many issues were not mentioned in the Report, e.g., structural limitations, Pigovian taxes, procyclicality, and boundary problems between banks and nonbanks. But what is presented is generally, though not invariably, admirable, and the book is beautifully written in good, easily accessible English. (JEL E44, E52, G01, G21, G28, L51)

JEL-codes: E44 E52 G01 G21 G28 L51 (search for similar items in EconPapers)
Date: 2011
Note: DOI: 10.1257/jel.49.1.114
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