Feldman, Ron J.; Stern, Gary H. - In: Journal of Monetary Economics 57 (2010) 7, pp. 903-912
The Squam Lake Report (SLR) contains a host of recommendations to "fix the financial sector." A credible fix must take on the excessive risk-taking of financial institutions created when uninsured creditors of important financial institutions expect government protection from loss (i.e., the...