Competition among regulators

This paper shows that competition among regulators reduces regulatory standards relative to a centralized solution. It suggests that a central regulator is more likely to emerge for homogeneous and finacially integrated countries.

Found in: Cs. Económicas
Main Author: Dell'Ariccia, Giovanni
Other Authors: Marquez, Robert
Format: Book
Language: English
Published: Washington, D.C. : International Monetary Fund, 2001
Series: IMF working paper ; no. WP/01/73
Subjects:
Online Access: http://www.imf.org/external/pubs/ft/wp/2001/wp0173.pdf