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Goodhart, Charles A E. 2011. "
The Squam Lake Report: Commentary."
,
49(1): 114-19.
Show Article Details
DOI: 10.1257/jel.49.1.114
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)
Authors:
Goodhart, Charles A. E. (London School of Economics)
JEL Classifications:
E44: Financial Markets and the Macroeconomy
E52: Monetary Policy
G01: Financial Crises
G21: Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
G28: Financial Institutions and Services: Government Policy and Regulation
L51: Economics of Regulation
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