Extend the Regulatory Umbrella
My opening entry in the Blog Wars at CBS Marketwatch.com:
We Need to Extend the Regulatory Umbrella.
[This was written before Paul Krugman's Making Banking Boring, which makes similar points. Also, last week Tyler Cowen and Brad DeLong discussed fiscal policy - see here.]
Update: Here is Houman Shadab's response:
Regulate the Relationships, Not the Institutions and Instruments
I have a counter response, and a proposal for regulating systemic risk, that will appear tomorrow.
Posted by Mark Thoma on Monday, April 13, 2009 at 09:45 AM in Economics, Financial System, Regulation |
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