Financial Innovation and Risk Management: The Cross-Guarantee Solution

Working Paper No. 141

19 Pages Posted: 19 Aug 1998

Abstract

The cross-guarantee concept will eliminate the regulatory moral hazard that electronic technology has greatly exacerbated in recent years. The paper concludes by outlining the many benefits cross-guarantees will bring to the financial system as well as the structural and international implications of using cross-guarantees to bring market-driven regulation to the financial services sector of the American economy.

JEL Classification: G21, G28

Suggested Citation

Ely, Bert, Financial Innovation and Risk Management: The Cross-Guarantee Solution. Working Paper No. 141. Available at SSRN: https://ssrn.com/abstract=115908 or http://dx.doi.org/10.2139/ssrn.115908

Bert Ely (Contact Author)

Ely & Company, Inc. ( email )

P.O. Box 320700
Alexandria, VA 22320
United States
703-836-4101 (Phone)

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