The Impact of the Dodd-Frank Act on Financial Stability and Economic Growth

@article{Baily2017TheIO,
  title={The Impact of the Dodd-Frank Act on Financial Stability and Economic Growth},
  author={M. Baily and Aaron Klein and Justin Schardin},
  journal={RSF},
  year={2017},
  volume={3},
  pages={20 - 47}
}
This article assesses the benefits and costs of key provisions of the Dodd-Frank Act that strengthened regulation following the financial crisis. The provisions are placed into five groupings: clear wins, clear losses, costly tradeoffs, unfinished business, and too soon to tell. Clear wins include higher prudential standards, including for capital; the single-point-of-entry resolution authority; creation of the Consumer Financial Protection Bureau; and greater transparency and oversight of… Expand
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