Financial Innovation and Risk Management: The Cross-Guarantee Solution
AbstractThe cross-guarantee concept, which is summarized below, will eliminate the regulatory moral hazard that electronic technology has greatly exacerbated in recent years. The paper concludes by outlining the many benefits cross-guarantees will bring to the financial system as well as the structural and international implications of using cross-guarantees to bring market-driven regulation to the financial services sector of the American economy.
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Bibliographic InfoPaper provided by EconWPA in its series Macroeconomics with number 9812008.
Length: 19 pages
Date of creation: 15 Dec 1998
Date of revision:
Note: Type of Document - Acrobat PDF; prepared on IBM PC; to print on PostScript; pages: 19; figures: included
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