What Legal Authority Does the Fed Need During a Financial Crisis

IF 3 3区社会学 Q1 LAW

Minnesota Law Review Pub Date : 2016-01-22 DOI:10.2139/SSRN.2723524

E. Posner

引用次数: 11

Abstract

The financial crisis of 2007-2008 exposed gaps in the law that authorizes federal agencies to provide emergency liquidity support. This essay describes the ways in which legal constraints hampered response to the crisis, proposes reforms that would make possible a unified and strong response, and criticizes the Dodd-Frank Act for weakening, rather than strengthening, the crisis-response agencies.

查看原文本刊更多论文

在金融危机中，美联储需要什么样的法律权威

2007-2008年的金融危机暴露出授权联邦机构提供紧急流动性支持的法律存在漏洞。本文描述了法律约束阻碍应对危机的方式，提出了使统一和强有力的应对成为可能的改革，并批评了多德-弗兰克法案削弱而不是加强了危机应对机构。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Minnesota Law Review LAW-

CiteScore

1.40

自引率

0.00%

发文量

期刊介绍： In January 1917, Professor Henry J. Fletcher launched the Minnesota Law Review with lofty aspirations: “A well-conducted law review . . . ought to do something to develop the spirit of statesmanship as distinguished from a dry professionalism. It ought at the same time contribute a little something to the systematic growth of the whole law.” For the next forty years, in conjunction with the Minnesota State Bar Association, the faculty of the University of Minnesota Law School directed the work of student editors of the Law Review. Despite their initial oversight and vision, however, the faculty gradually handed the editorial mantle over to law students.