IDEAS home Printed from https://ideas.repec.org/h/wsi/wschap/9789814520294_0009.html
   My bibliography  Save this book chapter

Finance: Is Bigger Badder?

In: The Social Value of the Financial Sector Too Big to Fail or Just Too Big?

Author

Listed:
  • Gerard Caprio Jr.

    (Center for Development Economics Williams College, USA)

Abstract

Last year, I was a discussant of a session at this conference on the social productivity of the financial sector, and those of us at that session—Ross Levine, Alex Popov, and Josh Lerner — must have really whet appetites for the subject, as it was decided to make that the theme of the conference this year. Further discussion is timely, as the questioning of the role of the contributions of the financial system, suggestions to break up banks—now coming even from several within the Federal Reserve System, with Governor Tarullo being the latest to weigh in—and suggestions on the need to cap the size of the financial sector or intervene with other restrictions have gained a new currency, one not seen since the 1930s. When Sandy Weil is suggesting the downsizing of banks, it is clear that the debate has shifted. Financial restraint has been urged before—Joe Stiglitz has been recommending that for most of his professional career—and financial repression, mild or not, is likely not only when the intellectual climate is accommodating, but even more important, when financing the government becomes onerous…

Suggested Citation

  • Gerard Caprio Jr., 2013. "Finance: Is Bigger Badder?," World Scientific Book Chapters, in: Viral V Acharya & Thorsten Beck & Douglas D Evanoff & George G Kaufman & Richard Portes (ed.), The Social Value of the Financial Sector Too Big to Fail or Just Too Big?, chapter 9, pages 147-155, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814520294_0009
    as

    Download full text from publisher

    File URL: https://www.worldscientific.com/doi/pdf/10.1142/9789814520294_0009
    Download Restriction: Ebook Access is available upon purchase.
    File URL: https://www.worldscientific.com/doi/abs/10.1142/9789814520294_0009
    Download Restriction: Ebook Access is available upon purchase.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:wschap:9789814520294_0009. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscientific.com/page/worldscibooks .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.