Abstract
Popular discussions of financial regulation naively ascribe to financial regulators remarkable powers and heroically idealistic goals. If such powers and goals are indeed real, it is hard to understand why regulation so regularly goes awry. If superpowered public servants seek only to promote the common good and are able to perceive that good in a miraculously clearsighted fashion, how can they fail?
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
References
Baumol, William, Panzar, John C., and Willig, Robert. 1986. “On the Theory of Contestable Markets.” In New Developments in the Theory of Industrial Structure, edited by G. F. Matthewson and Joseph E. Stiglitz. Cambridge, Mass: MIT Press, pp. 339–72.
Duffy, John J. 1988. “17-Nation Pact Unifies Payment Systems.” American Banker, May 25, pp. 1, 22, 23.
Faust, Bart. 1988. “Bank, Thrift Issues Slowed in October.” American Banker, November 15, pp. 3, 8, 10.
Friesen, Connie M. 1988. “Capital Guidelines and Global Markets.” Review of Financial Services Regulation 4 (July): 123–31.
Giddy, Ian H. 1984. “Domestic Regulation versus International Competition in Banking.” Kredit und Kapital 8, pp. 195–209.
Kane, Edward J. 1988. “How Market Forces Influence the Structure of Financial Regulation.” In Restructuring the Financial System, edited by William Haraf and Rose Marie Kushmeider. Washington D.C.: American Enterprise Institute, pp. 343–82.
Morgan Guaranty Trust Company. 1988. “Financial Markets in Europe: Toward 1992.” World Financial Markets, September 9, pp. 1–15.
Niskanen, William. 1971. Bureaucracy and Representative Government. Chicago: Aldine.
Pearce, David W., ed. 1986. The MIT Dictionary of Modern Economics. 3d ed. Cambridge, Mass.: MIT Press.
Scott, Kenneth E. 1977. “The Dual Banking System: A Model of Competition in Regulation.” Stanford Law Review 30, pp. 1–50.
Stigler, George. 1971. “The Theory of Economic Regulation.” Bell Journal of Economics 2 (Spring): 113–21.
Editor information
Rights and permissions
Copyright information
© 1991 Kluwer Academic Publishers
About this chapter
Cite this chapter
Kane, E.J. (1991). Tension Between Competition and Coordination in International Financial Regulation. In: England, C. (eds) Governing Banking’s Future: Markets vs. Regulation. Innovations in Financial Markets and Institutions. Springer, Boston, MA. https://doi.org/10.1007/978-1-4684-6714-7_4
Download citation
DOI: https://doi.org/10.1007/978-1-4684-6714-7_4
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4684-6716-1
Online ISBN: 978-1-4684-6714-7
eBook Packages: Springer Book Archive