A New World Financial Order
What is the "right" level of financial regulation?
The intensity of financial regulation has been in decline since the Reagan-Thatcher 1970s era of the currency deregulation, oil shock. and stagflation. But now, with the financial crisis having unmasked the general dereliction of duties on the part of regulators everywhere, that intensity is set to go up again. How far should it go?
I am going to outline some principles that should help define the "right" level of regulation. These are based on our novel concept of the levee in business.
This blog entry is an opener (the actual principles will follow in Part 2 of that entry).
The intensity of financial regulation has been in decline since the Reagan-Thatcher 1970s era of the currency deregulation, oil shock. and stagflation. But now, with the financial crisis having unmasked the general dereliction of duties on the part of regulators everywhere, that intensity is set to go up again. How far should it go?
I am going to outline some principles that should help define the "right" level of regulation. These are based on our novel concept of the levee in business.
This blog entry is an opener (the actual principles will follow in Part 2 of that entry).
posted by Vivek Pai Kochikar at 7:57 AM
<< Home