Dias, Rui T.; Soares, M. Isabel; Tardivo, Giuseppe - In: Journal of Financial Regulation and Compliance 13 (2005) July, pp. 229-253
We discuss the consequences of liberalization on capital market performance. Greater autonomy is expected to bring efficiency, profit and augmented welfare. In some cases, this higher autonomy has also been connected to episodes of fraud. We discuss the role a regulatory activity can play into...