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International Regulation: How Much Cooperation is Needed?

  • P. Michael Laub
Part of the Innovations in Financial Markets and Institutions book series (IFMI)

Abstract

As financial markets have become increasingly international, the question of how competing institutions from different countries should be regulated has been raised repeatedly in many different contexts. I will attempt to address that question by analyzing three recent attempts at coordinating international regulation: (1) the risk-based capital standards developed by the regulators of the major industrial countries, (2) the financial integration initiatives of the European Community, and (3) the financial provisions of the U.S.-Canada free-trade agreement. I will then suggest a framework for cooperation that is, in my opinion, superior to the frameworks used in reaching those agreements.

Keywords

Monetary Policy Central Bank Capital Requirement Real Estate Investment Trust Bank Regulation 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

  1. Chase, Laub & Company. 1987. “Insulating Banks from Risks Run by Nonbank Affiliates.” Paper prepared for the American Bankers Association, Washington, D.C., October.Google Scholar
  2. Chase, Laub & Company. 1988. “Benefits of the Dual Banking System.” Paper prepared for the American Bankers Association, Washington, D.C.Google Scholar
  3. Samuel Chase & Company. 1983. “Corporate Separateness as a Tool of Bank Regulation.” Paper prepared for the American Bankers Association, Washington, D.C.Google Scholar

Copyright information

© Kluwer Academic Publishers 1991

Authors and Affiliations

  • P. Michael Laub

There are no affiliations available

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