Abstract
Developments in information technology have fundamentally changed the
ways financial intermediaries operate paving the way for giant units that in key areas are able to outcompete smaller business units. The financial crisis that started in 2008 revealed that these large and interconnected organizations are in a position to extract implicit subsidies from the rest of the society. The organization of financial supervision must adapt to these changing conditions.
ways financial intermediaries operate paving the way for giant units that in key areas are able to outcompete smaller business units. The financial crisis that started in 2008 revealed that these large and interconnected organizations are in a position to extract implicit subsidies from the rest of the society. The organization of financial supervision must adapt to these changing conditions.
| Translated title of the contribution | Optimal jurisdiction för finansövervakning |
|---|---|
| Original language | English |
| Peer-reviewed scientific journal | Journal of Financial Economic Policy |
| Volume | 5 |
| Issue number | 4 |
| Pages (from-to) | 405-412 |
| Number of pages | 8 |
| ISSN | 1757-6385 |
| DOIs | |
| Publication status | Published - 2013 |
| MoE publication type | A1 Journal article - refereed |
Keywords
- 511 Economics
- KOTA2013
- Equis Base Room