Ending Taxpayer-Funded Bailouts: Dodd–Frank Promises More Than It Can Deliver

Richard W. Fisher and Harvey Rosenblum

Chapter 12 in Dodd–Frank Wall Street Reform and Consumer Protection Act:Purpose, Critique, Implementation Status and Policy Issues, 2014, pp 197-218 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Following every financial crisis, legislators promise voters “Never Again.” Yet financial crises seem to recur about every 15 years on average. Some crises are bigger than others, but they keep coming back in mutated forms, none exactly like their predecessors. In this sense, our political leaders have kept at least some of their promise to address the causes of “the last crisis.” Then financial markets, institutions and firms innovate, evolve and morph in ways that get around the best-intentioned legislation and the resulting regulations…

Keywords: Dodd-Frank; Financial Regulation; Macroprudential Regulation; Systemic Risk; Volcker Rule; Resolution Authority; Consumer Protection; Central Clearinghouses (CCPs) (search for similar items in EconPapers)
JEL-codes: G01 G18 N2 (search for similar items in EconPapers)
Date: 2014
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