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...
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| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
2001.
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| Серии: | IMF Working Papers; Working Paper ;
No. 2001/073 |
| Online-ссылка: | Full text available on IMF |