<p><span id="docs-internal-guid-dee556b4-987a-3f5e-03e2-9342678f7eeb">A new NBER working paper </span>explains how too-big-to-fail policy encourages risky investments by small banks as well.</p>
Brian C. Albrecht
Fellow
Brian Albrecht is Chief Economist of the International Center for Law & Economics (ICLE). Brian’s research focuses on price theory, information economics, competition and innovation, and political economy.
He has published in both academic journals, such as Contemporary Economic Policy, Public Choice, PLoS ONE, Journal of Macroeconomics, and the Journal of Economic Methodology, as well as popular media like the Boston Globe, Star Tribune, The Hill, and City Journal. Brian also writes the Economic Forces newsletter.
He earned his PhD in economics from the University of Minnesota in 2020. He previously earned his M.A. in economics, also from the University of Minnesota, and an M.Sc. in economics of public policy from the Barcelona Graduate School of Economics. He received his bachelor’s in physics and political science from St. Olaf College.
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