Almost all literature on the evolution of financial supervision architecture stresses the importance of financial market characteristics in determining the recent trend toward more unification. In the real world, however, it is not always clear to what extent market features are important. We present two complementary approaches to gain insight into the above relationship, focusing on the political cost and benefit analysis.
HELPING HAND OR GRABBING HAND? POLITICIANS, SUPERVISION REGIME, FINANCIAL STRUCTURE AND MARKET VIEW
MASCIANDARO, DONATO;
2008
Abstract
Almost all literature on the evolution of financial supervision architecture stresses the importance of financial market characteristics in determining the recent trend toward more unification. In the real world, however, it is not always clear to what extent market features are important. We present two complementary approaches to gain insight into the above relationship, focusing on the political cost and benefit analysis.
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