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Financial regulators and politicians unsuccessfully maintained the safety and soundness of the U.S. financial system not only because they lacked the proper tools but also because they lacked the proper incentives. While filling regulatory gaps and improving supervisory tools are worthwhile...
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There was a systemic failure of financial regulation: senior policymakers repeatedly enacted and implemented policies …
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Scott Frame -- Part IV Policies and institutions -- 14. Regulation and supervision and economic development / James Barth …
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