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[DOWNLOAD] "Creating Financial Harmony: What Role for Government Versus the Market? (Essay)" by Zanny Minton Beddoes # eBook PDF Kindle ePub Free

Creating Financial Harmony: What Role for Government Versus the Market? (Essay)

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eBook details

  • Title: Creating Financial Harmony: What Role for Government Versus the Market? (Essay)
  • Author : Zanny Minton Beddoes
  • Release Date : January 22, 2010
  • Genre: Politics & Current Events,Books,
  • Pages : * pages
  • Size : 57 KB

Description

The Cato Institute has coined a fresh phrase--"financial harmony"--to describe the challenge we face in the aftermath of the biggest financial mess since the Great Depression. But what is financial harmony? Does it prize innovation or stability, the absence of crises or the efficient intermediation of credit? It is tempting to answer "all of the above." And given where we are today, there probably is room for improvement on all fronts. But there are also real tradeoffs involved in financial reform--and where you stand on those tradeoffs determines the appropriate role of government versus the markets (see Beddoes 2008). Dramatically raising capital requirements, for instance, may reduce the odds of crises, but likely at the expense of costlier borrowing.


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