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

  title={The Impact of the Dodd-Frank Act on Financial Stability and Economic Growth},
  author={M. Baily and Aaron Klein and Justin Schardin},
  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
The Temporary Liquidity Guarantee Program: A Systemwide Systemic Risk Exception
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The subprime crisis was not anticipated by the Federal Reserve Bank, the Bank of England or by many other economic commentators. However, in the twenty-five years or so before the 2008 crash, thereExpand
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The Resolution of Distressed Financial Conglomerates
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  • 2016