Jerome Powell - It is worth noting that 'too big to fail' is not simply about size. A big in...

Jerome Powell Zitate

It is worth noting that 'too big to fail' is not simply about size. A big institution is 'too big' when there is an expectation that government will do whatever it takes to rescue that institution from failure, thus bestowing an effective risk premium subsidy. Reforms to end 'too big to fail' must address the causes of this expectation.

Jerome Powell

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Deutsche Übersetzung

Es ist erwähnenswert, dass "zu groß zum Scheitern" nicht einfach nur Größe ist. Eine große Institution ist "zu groß", wenn erwartet wird, dass die Regierung alles unternimmt, um diese Institution vor dem Scheitern zu retten, und so eine effektive Risikoprämiensubvention gewährt. Reformen mit dem Ziel "zu groß um zu scheitern" müssen die Ursachen dieser Erwartung ansprechen.

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