More Equity Funding for Banks is Socially Valuable and Not Socially Costly
Posted in News, Research News on Nov 9th, 2010
Text of Letter Published in Financial Times, November 9, 2010 The Basel III bank-regulation proposals that G20 leaders will discuss fail to eliminate key structural flaws in the current system. Banks’ high leverage, and the resulting fragility and systemic risk, contributed to the near collapse of the financial system. Basel III is far from sufficient [...]
