The Federal Reserve Bank of Minneapolis: Decades of Depth in Too Big to Fail
Well before the Great Recession of 2008, leading economists and policy experts at the Federal Reserve Bank of Minneapolis paved the way in exploring the issue of TBTF. Former Bank President Gary Stern and current Executive Vice President and Senior Policy Advisor Ron Feldman were pioneers in publishing on the hazards of bank bailouts. Since the most recent bailouts of the Great Recession, Stern and Feldman continue to be TBTF thought-leaders.
Below is a sampling of critical publications authored by scholars from the Minneapolis Fed on this important topic.
Economic Policy Papers
A Proposal to Eliminate the Distortions Caused by Bailouts
Too Correlated to Fail
Assessing Community Bank Consolidation
The “Banks” We Do Need
What Assets Should Banks Be Allowed to Hold?
Addressing the Too Big to Fail Problem
Better Late Than Never: Addressing Too-Big-To-Fail
Gary Stern, Washington D.C., March 31, 2009