Rent Check
The Economic Growth, Regulatory Relief, and Consumer Protection Act’s language may make the Volcker Rule a dead letter for all but 6 of the largest U.S. banks. But leverage, not proprietary trading, is what makes our financial system so unstable.
News and Commentary
The IMF’s Tobias Adrian talked with Caleb O. Brown on the Cato Institute’s daily podcast. He discusses the IMF’s push in the wake of the Financial Crisis for countries to implement macroprudential policies. He finds the banking system is safer, “but new risks have emerged in the meantime,” such as credit intermediation in the non-financial sector.
New Research
A new paper from the Bank for International Settlements confirm what a number of other papers have found: a well-functioning financial sector can reduce income inequality, but after a certain point inequality increases with the growth of the financial sector.
Loading...