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The broken buck stops here : embracing sponsor support in money market fund reform

Fisch, Jill E. - 2014

Since the 2008 financial crisis, in which the Reserve Primary Fund "broke the buck," money market funds (MMFs) have been the subject of ongoing policy debate. Many commentators view MMFs as a key contributor to the crisis because widespread redemption demands during the days following the Lehman...

Persistent link: https://www.econbiz.de/10010428143

Why Prudential Regulation Will Fail to Prevent Financial Crises : A Legal Approach

Prates, Marcelo - 2014

In this paper, I suggest that the regulation of the financial system, especially if the aim is to prevent financial crises, should be focused on dealing with the consequences of the crises, not on trying to avoid their causes, although it may seem counterintuitive at first sight. Contrary to the...

Persistent link: https://www.econbiz.de/10013061343

The Financial Reform Act : Will it Succeed in Reversing the Causes of the Subprime Crisis and Prevent Future Crises?

Murdock, Charles W. - 2010

The current financial crisis, which could have plunged the world into a financial abyss similar to the Great Depression, is far from resolved. The financial institutions, which this article asserts caused the crisis, have returned to profitability and have paid billions of dollars in bonuses,...

Persistent link: https://www.econbiz.de/10014192056

The prudential toolkit with shadow banking

Hachem, Kinda; Kunci, Martin - 2025 - Revised March 2025

Several countries now require banks or money market funds to impose state-contingent costs on shortterm creditors to absorb financial stress. We study these requirements as part of the broader prudential toolkit in a model with five key ingredients: banks may face an aggregate stress state with...

Persistent link: https://www.econbiz.de/10015329942

Central counterparty resolution : an unresolved problem

Kumar, Manmohan S.; Turing, Dermot - In: The journal of financial market infrastructures 6 (2017/2018) 2/3, pp. 187-206

Persistent link: https://www.econbiz.de/10011912401

A law professor's perspective on "too big to fail"

Karmel, Roberta S. - In: Journal of banking regulation 15 (2014) 3/4, pp. 227-234

Persistent link: https://www.econbiz.de/10010491926

Crashes, Bailouts, Regulations

World Bank - 2012

With the recent stock market frauds in markets around the world such as the Madoff case in the U.S. and the recent Satyam fraud in India, no nation can hold its head high and claim to have good corporate governance. The reality is that the problems of fraud, faulty audits, misleading accounts,...

Persistent link: https://www.econbiz.de/10012556219

The Dodd-Frank Act : Immortalising Bailouts

Smith, Claudia - 2017

institutions. Bailouts became synonymous with the Crisis. Despite promises of “no more bailout”, international efforts to implement … resolution regimes to resolve systemically important financial institutions have failed to solve the bailout issue. This paper … bailout procedure that provides a more organised approach than emergency measures in the face of a severe crisis …

Persistent link: https://www.econbiz.de/10012950116

A Framework for Bailout Regulation

Casey, Anthony J. - 2017

justify them, and how they are best designed. The major considerations in bailing out and structuring the bailout of a firm … are the macroeconomic impact of failure; the moral hazard effect of the bailout; the discriminatory effect of the bailout …

Persistent link: https://www.econbiz.de/10012972147

Too big to fail and optimal regulation

Ma, Chang; Nguyen, Xuan-Hai - In: International review of economics & finance : IREF 75 (2021), pp. 747-758

Persistent link: https://www.econbiz.de/10012692826