Regulating financial conglomerates
We investigate the optimal regulation of financial conglomerates which combine a bank and a non-bank financial institution. The conglomerate's risk-taking incentives depend upon the level of market discipline it faces, which in turn is determined by the conglomerate's liability structure....
| Main Authors: | , , |
|---|---|
| Format: | Working paper |
| Izdano: |
University of Oxford
2005
|