Martino, Edoardo D.; Nabilou, Hossein; Pacces, Alessio M. - 2023
ubiquitous and call for financial regulation. This chapter studies how different jurisdictions cope with market failures in … significant divergences in financial regulation despite the similarity of market failures. The drivers of such divergences are the … regulation at the global level. We identify two main drivers of convergence: convergence with the aim to reduce transactions …