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: | , , |
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| 格式: | Working paper |
| 出版: |
University of Oxford
2005
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