Comments on “How Offshore Financial Competition Disciplines Exit Resistance by Incentive-Conflicted Bank Regulators”

  • Richard J. Herring


Kane has presented a complex and provocative model of the dynamics of financial innovations and crises that treats regulation endogenously. I would like to begin by reviewing some of the key elements of his story and then take a closer look at his critique of international efforts to harmonize regulation.


Financial Service Financial Innovation Uniform Regulation Regulatory Arbitrage Disclosure Practice 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Springer Science+Business Media New York 2000

Authors and Affiliations

  • Richard J. Herring
    • 1
  1. 1.The Wharton SchoolUniversity of PennsylvaniaUSA

Personalised recommendations