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Looking Ahead: an Argument for Setting up the FDRC
(2008)
  • Leonidas E de la Rosa
Abstract

The current financial crisis has been deepened by the fact that investors are very uncertain about the risks entailed by many financial instruments. Creating a public institution to identify and quantify these risks, subject to transparency and accountability, will prove very valuable in the medium- and long-run. Private credit-rating agencies were not, and in my opinion could not be expected to be, up to the job.

Keywords
  • financial crisis
Disciplines
Publication Date
November 23, 2008
Citation Information
Leonidas E de la Rosa. "Looking Ahead: an Argument for Setting up the FDRC" (2008)
Available at: http://works.bepress.com/leonidas_delarosa/6/