The Squam Lake Report: Commentary
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.
Document Type: Research Article
Publication date: March 1, 2011
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- The Journal of Economic Literature (JEL) began publication in 1969 under the auspices of the American Economic Association with quarterly issues appearing in March, June, September, and December. JEL contains survey and review articles, book reviews, an annotated bibliography of newly published books, and a list of current dissertations in North American universities.
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