Acharya, Viral V.; Richardson, Matthew - In: Annual Review of Financial Economics 4 (2012) 1, pp. 1-38
In this review, we provide an economic assessment of the Dodd-Frank Act of 2010 in terms of the likely efficacy of the financial-sector regulation it proposes. We focus in particular on its ability to contain systemic risk, the risk that many financial firms may fail en masse, and discuss the...