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Financial Innovation and Risk Management: The Cross-Guarantee Solution

Author

Listed:
  • Bert Ely

    (The Jerome Levy Economics Institute)

Abstract

The 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.

Suggested Citation

  • Bert Ely, 1998. "Financial Innovation and Risk Management: The Cross-Guarantee Solution," Macroeconomics 9812008, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpma:9812008
    Note: Type of Document - Acrobat PDF; prepared on IBM PC; to print on PostScript; pages: 19; figures: included
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/mac/papers/9812/9812008.pdf
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    JEL classification:

    • E - Macroeconomics and Monetary Economics

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