NABE Panelists Views on Financial Market Reform
The Graph of the Week comes fromNABE's August 2009 Economic Policy Survey and shows the views of the NABE Panel on Health Care Reform:
The Administration has proposed a number of financial regulatory reform initiatives. Policy survey participants were asked to determine whether these initiatives would result in improved financial stability, benefit consumers or nonfinancial firms, benefit financial firms, and result in a reduction in the supply of credit.
A majority of the respondents indicate that many of these financial regulatory reforms are likely to result in improved financial stability. This is particularly true for enhanced regulation of derivatives, greater requirements for “skin in the game” for securitized mortgages, and reform of the credit rating agencies. However, creation of a Consumer Financial Protection Agency (CFPA) is not expected by many respondents to lead to improved financial stability....
You can read the full version of the August Economic Policy Survey online.
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