Benefit-cost paradigms in financial regulation /

Benefit-cost paradigms in financial regulation /

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Bibliographic Details
Author / Creator:	Posner, Eric A., author.
Imprint:	[Chicago, Illinois] : Law School, University of Chicago, 2013.
Description:	1 online resource (30 pages)
Language:	English
Series:	Coase-Sandor Institute for Law and Economics working paper ; no. 660 (2d series) Coase-Sandor Institute for Law and Economics working paper ; no. 660.
Subject:	Financial institutions -- State supervision -- United States. Financial institutions -- Law and legislation -- United States. Cost effectiveness. Banks and banking -- State supervision -- United States. Banks and banking -- State supervision. Cost effectiveness. Financial institutions -- Law and legislation. Financial institutions -- State supervision. United States.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/9860175

Hidden Bibliographic Details
Other authors / contributors:	Weyl, E. Glen (Eric Glen), 1985- author.
Notes:	"October 2013." Includes bibliographical references. Title from online title page (viewed February 7, 2014).
Summary:	"This paper builds on contributions to a Conference on Benefit-Cost Analysis of Financial Regulation, held at the University of Chicago, to show how benefit-cost analysis (BCA) of financial regulations should be conducted. Our major themes are that (1) on theoretical grounds, BCA should be easier for financial regulation than for other areas of regulation where it is already used, such as health and safety regulation; (2) while many needed valuations for BCA of financial regulation do not yet exist, those valuations are theoretically measurable; (3) once regulators commit to using BCA, economists will have incentives to work on supplying those valuations; (4) BCA will improve financial regulation and make it less vulnerable to judicial challenge; (5) the specific protocols or paradigms of BCA will differ across different areas of financial regulation; and (6) in the regulation of systemically important financial systems the primary trade-off is between risk that increases the probability of a crisis or leaves debts to the taxpayer against the profits generated by firms."

Description
Item Description:	"October 2013."
Physical Description:	1 online resource (30 pages)
Bibliography:	Includes bibliographical references.