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In a co-authored paper, Prof. Viral Acharya calls for a Repo Resolution Authority

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Excerpt from Dow Jones -- "Acharya has his doubts that the FDIC has the expertise to resolve a financial institution with significant exposure to the shadow banking system. 'At the midnight hour, we call the FDIC, but these institutions are more complex than the FDIC can handle,' Acharya said."

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Additional coverage appeared on Fox Business.