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U.S. financial regulation has traditionally made functional and institutional regulation roughly equivalent. However … analysis of this history suggests that a return to regulation by function or product would strengthen regulation. The FMA also … reregulation ; Glass-Steagall ; Financial Modernization Act ; German universal bank regulation ; prudential regulation …
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This study examines the promise of reducing expected resolution costs of financial institutions through either voluntary or mandated addition of contingently convertible debt securities to their long-term financing mix. I model the stochastic process by which an initially very well capitalized...
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