A government can overcome the challenge of time consistency only if it is both able and willing

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A government can overcome the challenge of time consistency only if it is both able and willing to make credible commitments. With this in mind, how might the U.S. laws and procedures for bankruptcy affect the “too big to fail” problem?

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Money Banking and Financial Markets

ISBN: 978-0078021749

4th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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Question Posted: Oct 02, 2014 08:11 AM

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A government can overcome the challenge of time consistency only if it is both able and willing

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