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as they attempt to reform their frameworks for financial regulation. These economies are striving to balance the quest … for financial stability with the imperatives of financial development and broader financial inclusion. I argue that these … objectives can in fact reinforce one another. I also discuss aspects of macroeconomic policies and cross-border regulation that …
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as they attempt to reform their frameworks for financial regulation. These economies are striving to balance the quest … for financial stability with the imperatives of financial development and broader financial inclusion. I argue that these … objectives can in fact reinforce one another. I also discuss aspects of macroeconomic policies and cross-border regulation that …
Persistent link: https://www.econbiz.de/10009153059
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We model the behavior of dealers in Over-the-Counter (OTC) derivatives markets where a small number of dealers trade with a continuum of heterogeneous clients (hedgers). Imperfect competition and (endogenous) default induce a familiar trade-off between competition and risk. Increasing the number...
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