Does "Skin in the Game" Reduce Risk Taking? Leverage, Liability, and the Long-run Consequences of the New Deal Banking Reforms

Kris James Mitchener and Gary Richardson, The Microeconomics of New Deal Policy (Elsevier, Explorations in Economic History, 50(4), 2012), chap. 4, https://www.nber.org/books-and-chapters/microeconomics-new-deal-policy/does-skin-game-reduce-risk-taking-leverage-liability-and-long-run-consequences-new-deal-banking.