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dc.contributor.authorDymski, Gary A.en
dc.date.accessioned2010-08-25-
dc.date.accessioned2012-04-12T14:26:34Z-
dc.date.available2012-04-12T14:26:34Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/57086-
dc.description.abstractThis would seem an opportune moment to reshape banking systems in the Americas. But any effort to rethink and improve banking must acknowledge three major barriers. The first is a crisis of vision: there has been too little consideration of what kind of banking system would work best for national economies in the Americas. The other two constraints are structural. Banking systems in Mexico and the rest of Latin America face a financial regulation trilemma, the logic and implications of which are similar to those of smaller nations' macroeconomic policy trilemma. The ability of these nations to impose rules that would pull banking systems in the direction of being more socially productive and economically functional is constrained both by regional economic compacts (in the case of Mexico, NAFTA) and by having a large share of the domestic banking market operated by multinational banks. For the United States, the structural problem involves the huge divide between Wall Street megabanks and the remainder of the U.S. banking system. The ambitions, modes of operation, and economic effects of these two different elements of U.S. banking are quite different. The success, if not survival, of one element depends on the creation of a regulatory atmosphere and set of enabling federal government subsidies or supports that is inconsistent with the success, or survival, of the other element.en
dc.language.isoengen
dc.publisher|aLevy Economics Institute of Bard College |cAnnandale-on-Hudson, NYen
dc.relation.ispartofseries|aWorking Paper |x604en
dc.subject.jelE5en
dc.subject.jelF3en
dc.subject.jelG1en
dc.subject.jelG2en
dc.subject.jelO1en
dc.subject.jelP5en
dc.subject.ddc330en
dc.subject.keywordbankingen
dc.subject.keywordfinancial crisisen
dc.subject.keywordtrilemmaen
dc.subject.keywordWall Streeten
dc.subject.keywordMexicoen
dc.subject.keywordUnited Statesen
dc.subject.keywordfinancial regulationen
dc.subject.keywordmegabanksen
dc.subject.keywordregional compactsen
dc.subject.keywordNAFTAen
dc.titleThree futures for postcrisis banking in the Americas: The financial trilemma and the Wall Street complex-
dc.typeWorking Paperen
dc.identifier.ppn633762881en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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