Understanding Market Failure in the 2007–08 Crisis
نویسنده
چکیده
nancial crisis, there have been many calls to expand regulatory oversight in the fi nancial sector. Previously, regulation focused primarily on the health of individual fi nancial institutions. Since the crisis, however, regulatory reform eff orts, such as the 2010 DoddFrank Act, have focused more on stability in the fi nancial sector as a whole, a concept known as “macroprudential” or “systemic risk” regulation.
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