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Notes
Literature review of the too-big-to-fail subsidy (http://www.fdic.gov/news/news/speeches/literature-review.pdf).
December 11, 2013 meeting of the FDIC Systemic Risk Advisory Committee (http://www.fdic.gov/about/srac/).
OECD research by Adrian Blundell-Wignall, Paul Atkinson and Caroline Roulet http://www.oecd.org/daf/fin/financial-markets/Bank-Separation-2013.pdf; http://www.oecd.org/daf/fin/financial-markets/Bank-Business-Models-Basel-2013.pdf “Break Up Banks: Show Me My Money,” Credit Agricole Securities—Mike Mayo. January 2013. Hoenig and Morris: http://www.fdic.gov/about/learn/board/hoenig/Restructuring-the-Banking-System,Hoenig,Morris,Nov.2013.pdf.
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Presented to the National Association for Business Economics 30th Annual Economic Policy Conference, Arlington, Virginia, February 24, 2014.
The views expressed are those of the author and not necessarily those of the FDIC.
*Thomas M. Hoenig is the Vice Chairman of the FDIC and the former President of the Federal Reserve Bank of Kansas City. His research and other material can be found at http://www.fdic.gov/about/learn/board/hoenig/.
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Hoenig, T. Remarks on Banking Reform. Bus Econ 49, 99–103 (2014). https://doi.org/10.1057/be.2014.14
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DOI: https://doi.org/10.1057/be.2014.14