Policymakers are focused on financial stability at expense of
effectiveness and costs. Since the financial crisis of 2007-2008, almost
all of the attention to the financial sector has been aimed at
answering the question: “How do we make the financial sector more
stable?” or less productively but unfortunately more politically
salient: “How do we avoid government bailouts of banks?” Written by
David Dodge.
Article
Financial Stability At Any Price May Be Too Expensive
Dodge, David
February 11, 2014
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