AbstractThe following sections are included:IntroductionThe Dodd–Frank Resolution Mechanism for Nonbank SIFIsThe US Repo MarketEvolution of the US Repo MarketRepo Market and the Crisis of 2007–2009A Case for Reforming the Repo MarketProposal for a Repo Resolution AuthorityA Historical...

AbstractThe papers in this session treat different aspects of the unfinished business of reforming the financial system. Charles Calomiris offers a bold multipoint plan for reform, whose underlying theme is that we do not need more complex rules and more supervisory discretion but simpler rules...

AbstractWhere should we be headed in financial reform? Are we on the right road and are we getting there at the right pace?…

AbstractThe following sections are included:A Simpler Approach?How to Get from Here to ThereA More Structural Approach

AbstractThe following sections are included:The Great Leveraging: Five Facts and Five Lessons for PolicymakersFact 1. Crises: Almost Forgotten, Now They’re BackFact 2. Consequences: Crises are Depressing and DeflationaryFact 3. Extreme Leverage: Size of the Banking Sector Is UnprecedentedFact...

AbstractThe following sections are included:IntroductionBank Deregulation and Competition in Nonfinancial IndustriesBlacks’ Relative Wages and the Racial Bias IndexResultsPrerequisitesThe Impact of Deregulation on Blacks’ Relative WagesExtensionsConclusionsReferences

AbstractThe following sections are included:The ProblemHow and Why Regulatory Discipline FailsSome Specific IdeasReferences

AbstractWhere to from here? Such a great question and obviously none of us has the answer, in fact there is no single answer. But I have been watching financial services policy being formulated for 25 years, and I truly don’t have a dog in this fight, so let me take a stab at an answer…