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Commentary

http://www.economics21.org/files/pdf/House%20Testimony%20July%2023%202015.pdf

What’s Wrong with Prudential Bank Regulation and How to Fix It

Charles W. Calomiris | July 23, 2015

Testimony before the House Financial Services Committee. Read full testimony here

I explain why the current mix of prudential regulations of banks developed over the past three decades is not designed well enough to get us there. The pillars of that system include Basel risk-based capital ratio requirements, leverage limits, liquidity regulations, stress tests, and “orderly resolution.” As I will show, it is not just the particulars of these standards that are inadequate; they are misconceived and poorly designed. I propose regulatory reforms that would not only credibly limit private risk taking at public expense, but do so in a way that would improve the efficiency of our banking system. It is possible to credibly and substantially reduce (if not eliminate) bank bailouts, while also improving bank performance, and reducing the risks banks face from regulatory uncertainty.

http://www.economics21.org/files/pdf/Scott%20Testimony%207.15.2015_0.pdf

Testimony on Lower Labor Force Participation Rates

July 15, 2015

Read the full testimony here.

November 3, 2014
| Video

Caroline Baum and Marvin Goodfriend discuss the Shadow Open Market Committee's core principles and monetary policy.

 

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November 13, 2013
| Podcast

Matthew Hennessey, associate editor of City Journal, interviews Nicole Gelinas, Senior Fellow at the Manhattan Institute and contributing editor of City Journal, on what to expect from tomorrow's confirmation hearing for Federal Reserve Chair.

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