All about bank(panic)s and the implications for policy
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The Role of Bank Management in the Recent Financial Crisis
A lack of understanding among academics and policymakers about financial crises is to blame, Gordon says. Dodd-Frank never had a chance of preventing the recent crisis because it didn't address bank runs, he adds. Honic believes that Dodd-Frank was generally more formed than substance but doesn't think the recent changes made in 2018 had much to do with the recent crisis.
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