Competition Among Regulators /

This paper shows that competition among regulators reduces regulatory standards relative to a centralized solution. It suggests that a central regulator is more likely to emerge for homogeneous and financially integrated countries. The paper proves these results in a model where regulators concerned...

Descrición completa

Detalles Bibliográficos
Autor Principal: Marquez, Robert
Outros autores: Dell'Ariccia, Giovanni
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2001.
Series:IMF Working Papers; Working Paper ; No. 2001/073
Acceso en liña:Full text available on IMF