haku: @author Mishkin, F. / yhteensä: 2
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| Tekijä: | Mishkin, F. |
| Otsikko: | Financial consolidation: dangers and opportunities |
| Lehti: | Journal of Banking and Finance
1999 : FEB, VOL. 23:2-4, p. 675-692 |
| Asiasana: | BANKING FINANCE CONSOLIDATED ACCOUNTS |
| Kieli: | eng |
| Tiivistelmä: | This paper argues that although financial consolidation creates some dangers because it is leading to larger institutions who might expose the US financial system to increased systemic risk, these dangers can be handled by vigilant supervision and a government safety net with an appropriate amount of constructive ambiguity. Financial consolidation also opens up opportunities to dramatically reduce the scope of deposit insurance and limit it to narrow bank accounts, thus substantially reducing the moral hazard created by the government safety net. |
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