Financial Innovation and Risk Management: The Cross-Guarantee Solution
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.
|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|
|Contact details of provider:|| Web page: http://econwpa.repec.org|
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