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financial regulation. Today's financial system is a dynamic and complex ecosystem. For these and other reasons, policy makers …. The processes governing financial regulation, however, implicitly assume a high degree of knowability, stability, and … financial regulation has failed in the past and why it will likely fail again. It also suggests the need for a new approach to …
Persistent link: https://www.econbiz.de/10012842550
This article discusses various arguments, which question the effectiveness of self-regulation as an instrument to … theory voluntary self-regulation is not possible, if it reduces company profits. (2) New experimental evidence, on which this … paper is focused, shows that effective self-regulation can only be expected if certain quasi-governmental institutions exist …
Persistent link: https://www.econbiz.de/10012954945
Government regulation is a double-edged sword. By restricting the inputs—capital, labor, technology, and more—that can … be used in the production process, regulation shapes the economy and, by extension, living standards today and in the … future. Applied effectively, regulation can foster a thriving, competitive marketplace where innovation and technological …
Persistent link: https://www.econbiz.de/10012956107
In this study, I investigate the impact of legal determinants on the presence of foreign banks. Using a panel dataset of 44 countries for the 2005–2012 period, I find that host countries attract more foreign banks when regulatory restrictions on foreign direct investment are low, when the...
Persistent link: https://www.econbiz.de/10012956139
Persistent link: https://www.econbiz.de/10012956752
, such as the supervision of the General Data Protection Regulation, some suggestions are provided as to how these checks and …
Persistent link: https://www.econbiz.de/10012907890
In 2017, President Trump signed Executive Order 13771, which required that two regulations be identified for elimination each time a new federal rule is proposed. The order also created, for the first time, a system of annual regulatory budget allocations for federal agencies. On the surface,...
Persistent link: https://www.econbiz.de/10012911017
The standard economic approach to considering the effects of a policy tends to neglect the prospect of regulatory ambiguity. I describe four sources of regulatory ambiguity and survey the literature considering the effects of ambiguity on entrepreneurial activity. I also explain how...
Persistent link: https://www.econbiz.de/10012890633
The Australian Treasury has identified a number of challenges in FinTech, especially around Initial Coin Offerings (ICOs). In this paper we examine four types of tokens within ICOs: pure utility tokens, security tokens, stored value tokens, and hybrid tokens. There is considerable confusion...
Persistent link: https://www.econbiz.de/10012891649
economic regulation with competition law and policy. This part deliberates on the peculiarities of the latter framework, such …, such as possible regulation of space tourism under air law, airline ownership and control, balance between aviation safety …
Persistent link: https://www.econbiz.de/10012892534