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Dodd-Frank: Washington, We Have a Problem

Author

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  • lopez, claude
  • Saeidinezhad, Elham

Abstract

The Dodd-Frank Act was the most far-reaching financial regulatory reform in the U.S. since the nation emerged from the Great Depression in the 1930s. The act aims to limit systemic risk, allow for the safe resolution of the largest intermediaries, submit risky nonbanks to greater scrutiny, and reform derivative trading. The public debate is often highly politicized and opinionated when it comes to Dodd-Frank. With that in mind, this paper seeks to assess Dodd-Frank implementation with respect to its initial goal of building “a safer, more stable financial system,” where proprietary trading and the business of banking are separated, and where taxpayers and small business will not have to bail out failing large financial firms.” To make the assessment, the paper first establishes a timeline summarizing the Dodd-Frank final-rule milestones and then compares their implementation to the initial goals.

Suggested Citation

  • lopez, claude & Saeidinezhad, Elham, 2016. "Dodd-Frank: Washington, We Have a Problem," MPRA Paper 72236, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:72236
    as

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    File URL: https://mpra.ub.uni-muenchen.de/72267/8/MPRA_paper_72267.pdf
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    References listed on IDEAS

    as
    1. Congressional Budget Office, 2011. "The Budgetary Cost of Fannie Mae and Freddie Mac and Options for the Future Federal Role in the Secondary Mortgage Market," Reports 41487, Congressional Budget Office.
    2. Lopez, Claude & Markwardt, Donald & Savard, Keith, 2015. "Macroprudential Policy: What Does It Really Mean," MPRA Paper 68157, University Library of Munich, Germany.
    3. Congressional Budget Office, 2011. "The Budgetary Cost of Fannie Mae and Freddie Mac and Options for the Future Federal Role in the Secondary Mortgage Market," Reports 41487, Congressional Budget Office.
    4. Lopez, Claude & Markwardt, Donald & Savard, Keith, 2015. "Macroprudential Policy: A Silver Bullet or Refighting the Last War?," MPRA Paper 64499, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Lopez, Claude & Saeidinezhad, Elham, 2016. "UK Financial Reforms: Bank of England 2.0," MPRA Paper 76624, University Library of Munich, Germany.

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    More about this item

    Keywords

    Dodd-Frank; macroprudential policy; systemic risk; regulation;
    All these keywords.

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • G0 - Financial Economics - - General
    • G1 - Financial Economics - - General Financial Markets
    • G2 - Financial Economics - - Financial Institutions and Services

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