Skold, Alida S. (2011): Intended and Unintended Results of the Proposed Volcker Rule.
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Regulation is written with the intent of protecting the vulnerable. However, it can cause an undesirable result if written without understanding how the positive intent can have a negative impact. In its present form, the proposed Volcker Rule has the potential of expanding the liquidity crisis that devastated the housing market into the capital markets. Risk will be transferred to less regulated entities. Banks conducting business in the U.S. or with U.S. “residents” will be at a competitive disadvantage.
|Item Type:||MPRA Paper|
|Original Title:||Intended and Unintended Results of the Proposed Volcker Rule|
|Keywords:||Volcker Rule; Regulation; Prop Trading; Market Making; Hedge Fund; Risk|
|Subjects:||E - Macroeconomics and Monetary Economics > E0 - General > E02 - Institutions and the Macroeconomy
G - Financial Economics > G3 - Corporate Finance and Governance > G38 - Government Policy and Regulation
D - Microeconomics > D0 - General > D02 - Institutions: Design, Formation, and Operations
D - Microeconomics > D7 - Analysis of Collective Decision-Making > D78 - Positive Analysis of Policy-Making and Implementation
L - Industrial Organization > L5 - Regulation and Industrial Policy > L50 - General
|Depositing User:||Alida S. Skold|
|Date Deposited:||13. Nov 2011 10:51|
|Last Modified:||16. Feb 2013 10:18|
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