Aligning Incentives at Systemically Important Financial Institutions: A Proposal by the Squam Lake Group

Author:

Baily Martin N.1,Campbell John Y.2,Cochrane John H.3,Diamond Douglas W.4,Duffie Darrell5,French Kenneth R.6,Kashyap Anil K.7,Mishkin Frederic S.8,Rajan Raghuram9,Scharfstein David S.10,Shiller Robert J.11,Slaughter Matthew J.12,Shin Hyun Song13,Stein Jeremy14,Stulz René M.15

Affiliation:

1. MARTIN BAILY holds the Bernard L. Schwarz chair in Economic Policy at the Brookings Institution.

2. JOHN CAMPBELL is the Morton L. and Carole S. Olshan Professor of Economics at Harvard University.

3. JOHN COCHRANE is the AQR Capital Management Professor of Finance at the University of Chicago.

4. DOUGLAS DIAMOND is the Merton H. Miller Distinguished Service Professor of Finance at the University of Chicago.

5. DARRELL DUFFIE is the Dean Witter Distinguished Professsor of Finance at Stanford University.

6. KENNETH FRENCH is the Carl E. and Catherine M. Heidt Professor of Finance at Dartmouth College.

7. ANIL KASHYAP is the Edward Eagle Brown Professor of Economics and Finance at the University of Chicago.

8. FREDERIC MISHKIN is the Alfred Lerner Professor of Banking and Financial Institutions at Columbia University.

9. RAGHURAM RAJAN is the Eric J. Gleacher Distinguished Service Professor of Finance at the University of Chicago.

10. DAVID SCHARFSTEIN is the Edmund Cogswell Converse Professor of Finance and Banking at Harvard University.

11. ROBERT SHILLER is the Arthur M. Okun Professor of Economics at Yale University.

12. MATHEW SLAUGHTER is the Signal Companies Professor of Management at Dartmouth College.

13. HYUN SONG SHIN is the Hughes-Rogers Professor of Economics at Princeton University.

14. JEREMY STEIN is the Moise Y. Safra Professor of Economics at Harvard University.

15. RENÉ STULZ holds the Everett D. Reese Chair of Banking and Monetary Economics at Ohio State University.

Publisher

Wiley

Subject

Management of Technology and Innovation

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