Financial Innovation and Risk Management: The Cross-Guarantee Solution

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Bert Ely (1998)
  • Subject:
    • jel: jel:E

The cross-guarantee concept, which is summarized below, will eliminate the regulatory moral hazard that electronic technology has greatly exacerbated in recent years. The paper concludes by outlining the many benefits cross-guarantees will bring to the financial system as well as the structural and international implications of using cross-guarantees to bring market-driven regulation to the financial services sector of the American economy.
  • References (2)

    3. GSEs, Mortgage Pools 8, Asset-Backed Securities 5. Broker/Dlrs, Fin. Cos, Other ins. & Mortgage Cos.

    4. Cpen Market Paper (primarilly Commercial Paper) 6. Mutual Funds, Closed-End Funds, RElTs & Bank Personal Trusts (data since 1969)

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