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international policy externality on foreign lenders of domestic banks, there will be an undersupply of such regulation. This may …

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Market discipline across countries and industries

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Part I: Keynote Addresses -- 1. Market Discipline and Public Policy : The Role of the IMF / Anne O. Krueger -- 2. Three Observations on Market Discipline / Malcolm Knight -- 3. Effective Market Discipline : The Roles of Auditors, Companies, and Analysts / Susan Schmidt Bies -- 4. A Review of the...