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regulation. Guided by restrictive legislative mandates, regulatory policies often strike a quite different balance with an … policy efforts. Inadequate regulatory enforcement and behavioral responses to regulation may limit their effectiveness, while …
Persistent link: https://www.econbiz.de/10005279645
This paper tries to assess how the current program of European integration will affect the structure of the European retail banking industry. It is argued that trade in banking services is, and will presumably remain, limited, while there is still concern about possible trade diversion. Next, we...
Persistent link: https://www.econbiz.de/10005281299
In this paper, we investigate the design and implementation of financial regulation where market failures are created … imperfect information, should be supplemented by financial regulation. We focus on two regulatory tools: direct penalties and …-regulatory organizations have adequate incentives to implement regulation. We find that such incentives do exist when firms have sufficient …
Persistent link: https://www.econbiz.de/10005281319
Vogelsang and Finsinger’s seminal paper (Bell Journal of Economics, 1979) proposes a mechanism for price regulation …
Persistent link: https://www.econbiz.de/10005281372
standard approach subsequent to becoming regulated, i.e., the presence of regulation may induce a bank to decrease the quality …
Persistent link: https://www.econbiz.de/10005281967
regulation policy can the be obtained. …
Persistent link: https://www.econbiz.de/10005549246
bottom’ theories assume that regulation represents a cost to the firm; therefore firms ‘vote with their feet’ and avoid … theories of international business, globalisation and regulation are discussed. …
Persistent link: https://www.econbiz.de/10005549393
regulation, a balancing of rational-, reflexive- and responsive-regulatory-strategies is needed. Utilising this approach the …
Persistent link: https://www.econbiz.de/10005553206
This paper argues that current widespread characterizations of EU governance as multi-level and networked overlook the emergent architecture of the Union’s public rule making. In this architecture, framework goals (such as full employment, social inclusion, “good water status”, a unified...
Persistent link: https://www.econbiz.de/10005553213
AbstractThe debate on economic "globalization" suggests that the blurring of territorial boundaries shifts the power relations between nation-states and domestic market constituencies in favour of the latter. States have lost autonomy since policies are increasingly formulated in supranational...
Persistent link: https://www.econbiz.de/10005553251