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- Title
HOW SHOULD FINANCIAL MARKETS BE REGULATED?
- Authors
Dowd, Kevin; Hutchinson, Martin
- Abstract
The article discusses the form of regulation of U.S. financial markets. It compares the systems of financial regulation by financial markets prior to the founding of the U.S. Federal Reserve System (Fed), examines the monetary policies of the U.S. Federal Reserve, and discusses the Diamond-Dybvig (DD) model. The article also discusses the Fed as a lender of last resort (LOLR), the gold standard, and rising inflation in the U.S., in addition to U.S. federal deposit insurance and the Volcker Rule of the legislation known as the Dodd-Frank act.
- Subjects
UNITED States; FINANCIAL markets -- Government policy; BOARD of Governors of the Federal Reserve System (U.S.); LENDERS of last resort; GOLD standard; PRICE inflation; DEPOSIT insurance; VOLCKER Rule (U.S.); DODD-Frank Wall Street Reform &; Consumer Protection Act
- Publication
CATO Journal, 2014, Vol 34, Issue 2, p353
- ISSN
0273-3072
- Publication type
Article