Foreword by Paul A. Volcker
Preface
1. Introduction: Our Message and Methods
ONE--WARNINGS
2. What is the Problem?
3. Why Protection is Costly
4. How Pervasive is TBTF?
5. Why Protect TBTF Creditors?
6. The Growth of TBTF Protection
7. Testing Our Thesis: The Cases of Not Too Big To Fail
TWO--OPTIONS
8. Can the Problem be Addressed?
9. Creating the Necessary Foundation
10. Reducing Policymakers' Uncertainty
11. Limiting Creditor Losses
12. Restricting Payment Systems Spillovers
13. Alternatives for Managing Too Big to Fail
14. Summary: Talking Points on Too Big to Fail
APPENDIXES
A FDICA: An Incomlpete Fix
B Penalizing Policymakers
C Supervision and Regulation
D Increasing Market Discipline
References
Index
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