Caprio, Gerard, Jr.; Demirg????-Kunt, Asl??; Kane, Edward J. - 2012
lies in contradictory political and bureaucratic incentives that undermine the effectiveness of financial regulation and …The intensity of recent turbulence in financial markets has surprised nearly everyone. This paper searches out the root … of liquidity, or trends in globalization and deregulation in financial markets. The analysis finds disturbing …