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- Title
BINGE BORROWERS OR RATIONAL CONSUMERS? THE FSA AND GOVERNMENT FAILURE.
- Authors
Dawson, Graham
- Abstract
The FSA seeks to address the putative financial incompetence of the borrowing public by improving its financial capability. The response of rational agents to asset price inflation in the UK is one indication of the competence with which many people use innovations in the financial services industry. The FSA succeeds only in shielding government failures in the money and housing markets.
- Subjects
UNITED Kingdom; FINANCIAL Services Authority (Great Britain); FINANCIAL services policy; ECONOMIC conditions in Great Britain, 1997-; PRICE inflation; DEBTOR &; creditor; EDITORIALS
- Publication
Economic Affairs, 2008, Vol 28, Issue 1, p60
- ISSN
0265-0665
- Publication type
Article
- DOI
10.1111/j.1468-0270.2008.00803.x