Too big to fail: the transatlantic debate
AbstractAlthough the United States and the European Union were bothseriously impacted by the financial crisis of 2007, the resulting policy debates and regulatory responses have differed considerably on the two sides of the Atlantic. This paper by Nicolas VÃ©ron and Morris Goldstein examines the debates on the problem posed by "too big to fail" financial institutions. The authors then turn to possible remedies and how they may be differentially implemented in America and Europe. They conclude on the policy developments that are likely in the near future.
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Bibliographic InfoPaper provided by Bruegel in its series Working Papers with number 495.
Date of creation: Feb 2011
Date of revision:
Other versions of this item:
- G01 - Financial Economics - - General - - - Financial Crises
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
- F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
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