Governing the Financial System: A Theory of Financial Resilience

Alexander Salter and Vlad Tarko

No 6954, Working Papers from George Mason University, Mercatus Center

Abstract: We develop a theory of financial stability based on insights from the literature on polycentric governance and institutional resilience. We contend that top-down regulatory approaches to achieving financial stability will prove ineffective, due to various

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Date: 2017-11-08
New Economics Papers: this item is included in nep-fdg
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Persistent link: https://EconPapers.repec.org/RePEc:ajw:wpaper:06954

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