Does "Skin in the Game" Reduce Risk Taking? Leverage, Liability, and the Long-run Consequences of the New Deal Banking Reforms
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Does "Skin in the Game" Reduce Risk Taking? Leverage, Liability and the Long-Run Consequences of New Deal Banking Reforms
- Working Paper
This essay examines how the Banking Acts of the 1933 and 1935 and related New Deal legislation influenced risk taking...