The Federal Reserve Bank of Kansas City recently hosted an Economic Policy Symposium at Jackson Hole, Wyo.
Among the highlights of the three-day event was a general discussion about “Competition, Stability and Efficiency in Financial Markets,” based on a paper co-written by University of Wisconsin Professor Dean Corbae and University of California-Berkeley Professor Ross Levine.
Read on for highlights of the paper, which found that legal and regulatory reforms for the banking industry can produce “enormous welfare benefits” to the financial system.
TO READ THE FULL STORY
Cover Story: