Record Details

Come difendere la globalizzazione e salvaguardare i sistemi bancari dal contagio?(How to Defend Globalization while Safeguarding Banking Systems from Contagion?)

Moneta e Credito

View Archive Info
 
 
Field Value
 
Title Come difendere la globalizzazione e salvaguardare i sistemi bancari dal contagio?(How to Defend Globalization while Safeguarding Banking Systems from Contagion?)
 
Creator Sarcinelli, Mario
 
Subject —
globalization, banking systems, contagion, crisis, sistemi bancari, contagio, crisi, globalizzazione
G01, G18, G28
 
Description The work summarises the main literature on the impact of globalisation and of the crisis on banking systems. The main conclusion is that a more compelling approach to financial regulation appears as necessary, though the complete homogenisation of financial systems is not a goal to be sought. The current approaches in the Anglo-Saxon countries, based on the segmentation of banking activities seems a right choice, due to both the political difficulties in enacting a stricter regulation of finance and the practical difficulty of regulating a sector pervaded by financial innovation. However, both the Volcker rule and the British approach of ring-fencing, suffer from two limitations: the risk of transferring even more risk to the shadow banking system, and the difficulty in practice to distinguish between legitimate hedging activities and forbidden speculative activities.  JEL: G01, G18, G28
 
Publisher Associazione Economia civile
 
Contributor —
 
Date 2012-04-06
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Articolo peer-review
 
Format application/pdf
 
Identifier http://ojs.uniroma1.it/index.php/monetaecredito/article/view/9941
 
Source Moneta e Credito; Vol 65, N° 257 (2012)
Moneta e Credito; Vol 65, N° 257 (2012)
2037-3651
 
Language ita
 
Relation http://ojs.uniroma1.it/index.php/monetaecredito/article/view/9941/9824
 
Rights Copyright (c) 2016 Mario Sarcinelli
http://creativecommons.org/licenses/by-nc-nd/4.0