Published Opeds on Financial Reform: September 2010 Archives

Repo needs a backstop to avoid future crises

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"Regulating Wall Street" Co-Editor Viral Acharya is referenced in a Financial Times opinion editorial written by US Managing Editor Gillian Tett.

Read the full opinion editorial on the Financial Times website.

The Dog Days

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by Thomas F. Cooley

Why framing the wrong problem killed the summer of recovery.

There is an epic and epically unpleasant debate that has taken place for much of the last year about stimulus and austerity. On one side are the born-again Keynesians who believe that our recovery is faltering because we simply haven't spent enough to jolt the economy into recovery. This lot includes the Obama administration and some of its harshest critics. They point to the experience of the 1930s when, after signs of recovering, the economy slipped back into recession.

Read the full opinion editorial on


The Dodd-Frank Act, signed into law in July 2010, represented the most significant and controversial overhaul of the U.S. financial regulatory system since the Great Depression. Forty NYU Stern faculty, including editors Viral V. Acharya, Thomas F. Cooley, Matthew P. Richardson, and Ingo Walter, provide a definitive analysis of the Act, expose key flaws and propose solutions to inform the rules’ adoption by regulators, in a new book, Regulating Wall Street: The Dodd-Frank Act and the New Architecture of Global Finance (Wiley, November 2010).

About Restoring Financial Stability

Previously, many of these faculty developed 18 independent policy papers offering market-focused solutions to the financial crisis, which were published in a book, Restoring Financial Stability: How to Repair a Failed System (Wiley, March 2009).

About the Authors