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This book, originally prepared as a report to Congress by the Treasury Department, presents a framework for setting policy toward the financial services industry in the coming decades.
The authors, who worked closely with senior Treasury officials in developing their recommendations, identify three core principles: an enhanced role for competition, a shift in emphasis from preventing failures of financial institutions at all cost toward containing the damage of the failures that inevitably occur in a competitive market, and a greater reliance on more targeted interventions to achieve policy goals rather than broad measures such as flat prohibitions on certain activities.
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Previews available in: English
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American finance for the 21st century
1998, Brookings Institution Press
in English
0815752881 9780815752882
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Book Details
Table of Contents
Edition Notes
Includes bibliographical references (p. 193-201) and index.
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