The Myth of Too Big to Fail

Moosa, I 2010, 'The Myth of Too Big to Fail', Journal of Banking Regulation, vol. 11, no. 4, pp. 319-333.

Document type: Journal Article
Collection: Journal Articles

Title The Myth of Too Big to Fail
Author(s) Moosa, I
Year 2010
Journal name Journal of Banking Regulation
Volume number 11
Issue number 4
Start page 319
End page 333
Total pages 15
Publisher Macmillan Publishers Ltd.
Abstract Too big to fail (TBTF) is a doctrine stipulating that big firms (particularly financial institutions) cannot be allowed to fail because of the potential adverse impact the failure may have on the rest of the sector and the economy at large. When they are in trouble, financial institutions utilise the language of fear to demand the privilege of TBTF at a significant cost to taxpayers. From the perspective of costs and benefits, the TBTF doctrine must go the way of the dinosaurs.
Keyword(s) bank bailouts
financial regulation
global financial crisis
too big to fail
DOI - identifier 10.1057/jbr.2010.15
Copyright notice © 2010 Macmillan Publishers Ltd.
ISSN 1745-6452
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Created: Fri, 07 Jan 2011, 09:11:00 EST by Catalyst Administrator
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