Rolling back the financial safety net

Robert L. Hetzel and Stephen Slivinski

Richmond Fed Economic Brief, 2009, issue Nov, No 09-11

Abstract: The expansion of the federal financial safety net has increased the incentives for financial firms to take on more risk than they would have otherwise. Yet current regulatory reform proposals do not address this root cause of financial instability. Sharply curtailing the financial safety net is a necessary step to achieve enhanced market discipline.

Keywords: Financial markets; Risk; Market-based regulation (search for similar items in EconPapers)
Date: 2009
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