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Title:It's not about regulation... PDF Logo
Authors:Toporowski, Jan
Issue Date:2009
Series/Report no.:DIIS working paper 2009:8
Abstract:The present discussions about the future of bank regulation, coming after a long period of bank deregulation, have a natural tendency to exaggerate the effectiveness of regulation. But those discussions are poorly rooted in the macroeconomic foundations of bank intermediation, including its function of risk-bearing. The debate on financial regulation, abstracted from actual in-termediation, would be more effective as part of a more general discussion of financial reconstruction.
Document Type:Working Paper
Appears in Collections:DIIS Working Papers, Danish Institute for International Studies

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