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Journal of Economic Literature: Vol. 49 No. 1 (March 2011)

JEL Volume. 49, Issue 1 | Previous ArticleNext Article

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The Squam Lake Report: Commentary

Article Citation

Goodhart, Charles A E. 2011. "The Squam Lake Report: Commentary." Journal of Economic Literature, 49(1): 114-19.

DOI: 10.1257/jel.49.1.114

Abstract

The idea of the Squam Lake Report was to bring together some fifteen leading U.S. financial economists to see what regulatory changes they could jointly agree and thereby influence policy discussions. Seeking to find a consensus, however, meant that many issues were not mentioned in the Report, e.g., structural limitations, Pigovian taxes, procyclicality, and boundary problems between banks and nonbanks. But what is presented is generally, though not invariably, admirable, and the book is beautifully written in good, easily accessible English. (JEL E44, E52, G01, G21, G28, L51)

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Authors

Goodhart, Charles A. E. (London School of Economics)

JEL Classifications

E44: Financial Markets and the Macroeconomy
E52: Monetary Policy
G01: Financial Crises
G21: Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
G28: Financial Institutions and Services: Government Policy and Regulation
L51: Economics of Regulation