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International efforts, such as the Paris Agreement, aim to reduce greenhouse gas emissions. But experts say countries aren’t doing enough to limit dangerous global warming.
Proposals for Wall Street
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As the graph above indicates, the markets' perception of the risk of failure increased following the bankruptcy of Lehman Brothers. The Wall Street crisis has demonstrated the need for a systematic solution rather than case-by-case bailouts. Secretary Paulson has responded with a plan to create a $700 billion fund to buy up troubled assets from banks. The articles below discuss the risks involved and propose alternative solutions.
Wyplosz: Why Paulson Is (Maybe) Right (voxeu.org)
Zingales: Why Paulson Is Wrong (voxeu.org)
Calomiris: Matched Preferred Stock Plan
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