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absence of effective regulation. That explains why with deregulation market competition could culminate in excessive risk … opportunistic profit (rent) seeking was more the cause rather than the effect of moral hazard and regulation failure. Deregulation … promised higher profitability partly because of better risk management made possible by advances in information technology and …
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This article analyzes the main features of international financial markets growth from the second half of 1980. It is stated that the sharpening of financial deregulation has modified competence terms among intermediaries whereas national financial structures weaken and the States become...
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