就重大金融风险而言,尤其是‘太大而不能倒’(TBTF)的金融机构,这会对国家经济产生灾难性影响,这时宏观审慎管理就要及早防范。
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但美国这样会的监管机制导致了“大到不能倒”(TBTF)的问题。银行变得越来越杠杆化,开始经营高风险业务。
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由此,LTCM也“荣耀”成为当代金融史第一个TBTF(太大而不能倒)的金融机构!
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In truth, Dodd-Frank does not specifically forswear or prohibit a future resort to TBTF.
FORBES: Bankruptcies, Bail-Outs & Bail-Ins: The Good, Bad & Ugly Of Bank Failure Resolution
Does the Dodd-Frank act, or any official regulatory provision, specifically and truly end TBTF?
If you believe, as I do, in free, competitive markets, that TBTF rate advantage is repugnant.
FORBES: Who's For Too Big To Fail Reform Now?
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