Abstract
Economists typically view regulation as extramarket activity designed either to serve specific distributional interests or to correct a market ‘failure’. But market forces govern adjustments in financial regulation.
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References
Baumol, William, John C. Panzar, and Robert Willing (1986) ‘On the Theory of Contestable Markets’, in New Developments in the Theory of Industrial Structure, ed. G. F. Matthewson and Joseph E. Stiglitz (Cambridge, Mass: MIT Press).
Kane, Edward J. (1988) ‘How Market Forces Influence the Structure of Financial Regulation’, in Restructuring the Financial System, ed. William Haref (Washington: American Enterprise Institute).
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© 1989 Edward J. Kane
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Kane, E.J. (1989). International Competition in the Market for Financial Regulatory Services. In: Singer, H.W., Sharma, S. (eds) Growth and External Debt Management. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-10944-9_18
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DOI: https://doi.org/10.1007/978-1-349-10944-9_18
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-10946-3
Online ISBN: 978-1-349-10944-9
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