Global Finance Beyond 2000: Implications for Regulation and the Supervisory Authorities

Mikio Wakatsuki
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Mikio Wakatsuki: Stanford University

Chapter 18 in Financial Intermediation in the 21st Century, 2001, pp 161-168 from Palgrave Macmillan

Abstract: Abstract Changes in the financial industry have been rapid and far-reaching in recent years and will accelerate even more in the future. The factors creating and promoting change are complex and diverse, but they have one common element, namely global implications: progress in globalisation in the aftermath of the Cold War, the triumph of the creed of Anglo-Saxon capitalism (market mechanisms, competition, deregulation, small government and so on), developments in the IT revolution, the accumulation of financial assets in preparation for the aging society, huge cross-border flows of capital and so on.

Keywords: Market Discipline; Internet Banking; Supervisory Authority; Emerge Market Country; Supervisory Function (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-29412-7_18

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DOI: 10.1057/9780230294127_18

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