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The Squam Lake Report : Commentary

Author

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  • Charles A. E. Goodhart

Abstract

The idea of the Squam Lake Report was to bring together some fifteen leading U.S. financial economists to see what regulatory changes they could jointly agree and thereby influence policy discussions. Seeking to find a consensus, however, meant that many issues were not mentioned in the Report, e.g., structural limitations, Pigovian taxes, procyclicality, and boundary problems between banks and nonbanks. But what is presented is generally, though not invariably, admirable, and the book is beautifully written in good, easily accessible English. (JEL E44, E52, G01, G21, G28, L51)

Suggested Citation

  • Charles A. E. Goodhart, 2011. "The Squam Lake Report : Commentary," Journal of Economic Literature, American Economic Association, vol. 49(1), pages 114-119, March.
    • Handle: RePEc:aea:jeclit:v:49:y:2011:i:1:p:114-19
    Note: DOI: 10.1257/jel.49.1.114
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    File URL: http://www.aeaweb.org/articles.php?doi=10.1257/jel.49.1.114
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    Citations

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    Cited by:

    1. Leonard I. Nakamura, 2013. "What you don’t know can hurt you: keeping track of risks in the financial system," Business Review, Federal Reserve Bank of Philadelphia, issue Q1, pages 21-29.
    2. George M. von Furstenberg, 2011. "Concocting Marketable Cocos," Working Papers 222011, Hong Kong Institute for Monetary Research.

    More about this item

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation

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