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Rodrigo Cárcamo Díaz, « Do financial markets need regulation? », Invenio, ID : 10670/1.vfbbyj
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Résumé
"Do Financial Markets Need Regulations?In this article, the arguments in favor of the need for regulation is justified by the function performedby Financial Intermediaries in an asymmetric information environment. The need of someforms of Regulation is proposed, even though the latter constitue a second-best compared with theideal perfectly functioning financial markets. The case in favor of Regulation, then, has to be made inthe light of the empirical benefits and limitations of such policies, optimising the enforcement ofclear, rational and minimally-distorting rules, and taking into account other design and implementationissues that affect the final outcome in terms of Social Walfare"