Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/44665 
Authors: 
Year of Publication: 
2009
Series/Report no.: 
DIIS Working Paper No. 2009:8
Publisher: 
Danish Institute for International Studies (DIIS), Copenhagen
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.
ISBN: 
978-87-7605-323-9
Document Type: 
Working Paper

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