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Stern on Finance
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Stern on Finance is a site dedicated to the understanding of financial markets, financial institutions, and how they interact with the economy. It is maintained by the faculty of the Leonard N. Stern School of Business at New York Universityhe goal o
Recent Posts Tagged With 'bailout'
Restoring Financial Stability by Viral V Acharya and Matthew Richardson
How to Repair a Failed System... There are many cracks in the financial system, some of which we now know, others no doubt we will discover down the road. The eighteen white papers and executive... Visit Stern on Finance for the full article ...
Expect Even More Shadow Banking Losses by Viral V Acharya and Philipp Schnabl
Off-balance sheet vehicles exacerbate the crisis... On January 19, the Royal Bank of Scotland (RBS) revealed a record-setting loss: its $41bn write-down was the largest loss in UK history. After... Visit Stern on Finance for the full article ...
Good Bank, Bad Bank; Good Plan, Better Plan, by Max Holmes
There is a growing consensus that Washington has two options if it wants to end the credit freeze and restore confidence in our banking system. One is to, in effect, nationalize the major banks,... Visit Stern on Finance for the full article ...
Why government guarantees are a double-edged sword, by Viral V Acharya and Julian Franks
As the search goes on for culprits and remedies in the global financial crisis, not enough attention has focused on the role played by governments in explicitly or implicitly guaranteeing the banking... Visit Stern on Finance for the full article ...
Government money should have strings attached - Viral Acharya, David Backus, and Raghu Sundaram
There's a tendency in a crisis to throw out the rulebook: we're in a unique situation, some will say, and that calls for unique measures. In fact, financial crises are recurring events whose... Visit Stern on Finance for the full article ...
Where should the bailout stop? And what to do about GM - Edward Altman and Thomas Philippon
The massive US Government bailout originally intended for the financial industry has now spread to the non-financial sector, and the government is considering bailing out car manufacturers. This is... Visit Stern on Finance for the full article ...
