Search Results
Speech
Lessons of the crisis: the implications for regulatory reform
Remarks at the Partnership for New York City Discussion, New York City.
Working Paper
Regional regulatory effects on bank efficiency
Conference Paper
The legal environment, banks, and long-run economic growth
Journal Article
Subprime foreclosures and the 2005 bankruptcy reform
This article presents arguments and evidence suggesting that the bankruptcy abuse reform (BAR) of 2005 may have been one contributor to the destabilizing surge in subprime foreclosures. Before BAR took effect, overly indebted borrowers could file bankruptcy to free up income to pay their mortgage by having their credit card and other unsecured debts discharged. BAR eliminated that option for better-off filers through a means test and other requirements, thus making it harder to save one?s home by filing bankruptcy. By way of evidence, the authors show that the impact of BAR was greater in ...
Conference Paper
Impact of the 1988 Basel Accord on international banks
Speech
The longer-term challenges ahead
Remarks at the Council of Society Business Economists Annual Dinner, London, United Kingdom.