| Title: |
Systemic Risk, Regulation and Supervision. Reading Recent History: U.S. and European Approaches |
| Authors: |
Martin, D. (Introduction); Ridpath, B.; Fieler, S.; Marseguerra, G.; Dembinski, P.H.; Estanislao, J.P.; Vanni d'Archirafi, F.; Costa, A.M.; Pastor, A.; Beretta, S., Bonnici, J.; Garonna, P.; D'Maris Coffman; Beretta S. (conclusion); "Centesimus Annus-Pro Pontifice" Foundation; Beretta, Simona; Beretta, Simona (ORCID:0000-0002-8007-360X) |
| Publisher Information: |
Paulist Press country:USA place:Mahwah, NJ 07430 2016 |
| Document Type: |
Electronic Resource |
| Abstract: |
The paper provides a summary overview of post-crisis macroeconomic and regulatory developments in the US and the EU. Financial de-regulation and re-regulation in advanced countries underwent broad common swings over the last century and especially in the financial globalization decades. Significant albeit subtle differences in normative details between countries still allow for regulation arbitrage and regulation gaming, further advantaging large financial institutions with respect to locally ‘connected’ finance. As extensive inequality is likely to increase systemic risks, the paper highlights a crucial, largely unaddressed issue in reforming finance within the so-called advanced countries – namely, how finance can contribute to providing inclusive growth. |
| Index Terms: |
financial regulation; macroeconomic policy; Settore SECS-P/02 - politica economica; info:eu-repo/semantics/bookPart |
| URL: |
http://hdl.handle.net/10807/92355; info:eu-repo/semantics/altIdentifier/isbn/978-0-8091-4973-5; ispartofbook:Finance and the Common Good. Placing People at the Center of the Economy and Society; firstpage:85; lastpage:96; numberofpages:12; alleditors:"Centesimus Annus-Pro Pontifice" Foundation |
| Availability: |
Open access content. Open access content |
| Note: |
English |
| Other Numbers: |
SYC oai:publicatt.unicatt.it:10807/92355; 1105018095 |
| Contributing Source: |
UNIV CATTOLICA DEL SACRO CUORE; From OAIster®, provided by the OCLC Cooperative. |
| Accession Number: |
edsoai.on1105018095 |
| Database: |
OAIster |