The Basics of "Too Big to Fail"
|Authors:||White, Lawrence J.|
|Keywords:||Too big to fail (TBTF); prudential regulation; capital;leverage; liquidity; runs|
|Abstract:||This essay lays out the basics of the “too-big-to-fail” (TBTF) phenomenon: What it means; why it is a problem; the central role that TBTF financial institutions played in the financial crisis of 2008; and why better prudential regulation than was present prior to 2008 is needed for the future.|
|Rights:||Copyright Lawrence J. White, March 2014.|
|Appears in Collections:||Economics Working Papers|
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