Ferri, Giovanni; Neuberger, Doris - In: Rivista di Politica Economica (2014) 2, pp. 39-69
We claim that we currently live in a banking regulatory bubble.We review how: i) banking intermediation theory hinges … of finance theory. Next, we document how finance theory prevailed over banking intermediation theory in shaping banking … with the theory of banking intermediation, would make banking sounder. …