Faculty News

Prof. Lawrence White reacts to the Financial Stability Board's proposed shadow banking regulations

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Excerpt from Marketplace Radio -- "It's going to make it more costly for these entities to borrow, so they're going to less of it... And, in the event the entity runs into difficulties, the amount of collateral will be greater. The lenders to the entity will feel more secure, [it] will be less likely that there will be a run on this entity and less likely that there will be a run on other similar entities."

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