BLOG: Market Distorting Moral Hazard of Dodd-Frank’s Title II: The Costs of Inefficient Capital Markets

By Charles LeSueur, Vassar College

The purpose of this paper is to analyze whether Title II of the Dodd–Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) effectively fulfills the stated goals of ending “too big to fail”, “no more taxpayer-funded bailouts”, and decreasing systemic risk.  I argue that Title II institutionalized taxpayer-funded bailouts under different language and increased systemic risk … Continue reading BLOG: Market Distorting Moral Hazard of Dodd-Frank’s Title II: The Costs of Inefficient Capital Markets

Advertisements

BLOG: Is Finance Making Geography Increasingly Insignificant?

By Yuxiang Hou, College of William and Mary

This paper attempts to revisit “the end of geography” debate by incorporating both established theoretical frameworks and the latest empirical evidence. It argues that for five reasons finance is not making geography increasingly insignificant. However, in the long run, things may be different. Continue reading BLOG: Is Finance Making Geography Increasingly Insignificant?

Developing Stock Markets and the Real Economy: Investigating Chinese Stock Market Turbulences in the Past 18 years

By Wei Wang. University of California, Berkeley

This study investigates the relationship between developing stock markets and the real economy by examining the effect of stock market crashes on… Continue reading Developing Stock Markets and the Real Economy: Investigating Chinese Stock Market Turbulences in the Past 18 years