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"The Revolving Door and Worker Flows in Banking Regulation" (NY Fed. Staff Report)

The Federal Reserve Bank of New York released a staff paper that analyzes the reasons why financial professionals may move back and forth between the government and the private sector.

The paper disputes the notion that there is a "revolving door" between the government and the private sector that results in lax regulation. It goes on to suggest that government regulators may benefit from harsh regulation, making them more desirable as future private sector employees.

See: "The Revolving Door and Worker Flows in Banking Regulation" (Staff Report).

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