Moral hazard and the Lender of Last Resort
The ECB released a document discussing moral hazard and its role as the lender of last resort to banks facing a liquidity... Read More
Lender of Last Resort
A bipartisan bill has been introduced by Senators Vitter and Warren that would change how the Fed could implement its lender of... Read More
Economists and financial stability
As a result of the recent financial crisis, attention has been focused on the need for financial stability. To address this need,... Read More
Overhauling financial supervisory framework
Paul Volcker spelled out the need for reforming our financial supervisory framework. Talking about the need to reorganize and consolidate the financial... Read More