Summary

The Bear Stearns bailout created an implicit guarantee that will create a great deal of moral hazard unless we smartly regulate investment banks in a way that doesn't destroy their value; so say Dwight Jaffee and Mark Perlow.

Recommended Citation

Jaffee, Dwight M. and Perlow, Mark (2008) "Investment Banking Regulation After Bear Stearns," The Economists' Voice: Vol. 5 : Iss. 5, Article 1.
DOI: 10.2202/1553-3832.1401
Available at: http://www.bepress.com/ev/vol5/iss5/art1