Does "Skin in the Game" Reduce Risk Taking? Leverage, Liability, and the Long-run Consequences of the New Deal Banking Reforms
Chapter in NBER book The Microeconomics of New Deal Policy (2013), Price Fishback, organizer
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Document Object Identifier (DOI): 10.1016/j.eeh.2013.06.002This chapter first appeared as NBER working paper w18895, Does "Skin in the Game" Reduce Risk Taking? Leverage, Liability and the Long-Run Consequences of New Deal Banking Reforms, Kris James Mitchener, Gary Richardson