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Czasopismo
2013 | 9 | nr 4 | 48--52
Tytuł artykułu

Uneven Regulatory Treatment of Different Funded Positions - Regulatory Arbitrage Opportunity?

Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
Regulations treating in a diversified way different types of funded positions introduced over decades, do not take into consideration the increasing opportunities of financial innovation and regulatory arbitrage. These opportunities seem to significantly benefit the most sophisticated market agents, for whom this costly opportunity makes economic sense as they typically engage in gigantic transactions. However, the answer to the question of whether such a diversified system of regulations is socially desirable seems to be negative. (original abstract)
Czasopismo
Rocznik
Tom
9
Numer
Strony
48--52
Opis fizyczny
Twórcy
  • Warsaw School of Economics, Poland
Bibliografia
  • Benjamin, J. (2007). Financial Law. Oxford: Oxford University Press.
  • Bowles, S., Fox, D. (2007). Credit Markets and Market Abuse. Journal of International Banking & Financial Law.
  • Fleischer, V. (2010). Regulatory Arbitrage. University of Colorado Law School Legal Studies Research Paper Series No. 10-11, p. 227-289.
  • Greenspan, A. (1998). The Role of Capital in Optimal Banking Supervision and Regulation. FRBNY Economic Policy Review, October, p. 163- 168.
  • Hughes, M. (2006). Legal Principles in Banking and Structured Finance. Tottel Publishing. 2nd edition.
  • Knoll, M. S. (2005). Regulatory Arbitrage using Put-Call Parity. Journal of Applied Finance, Vol. 15, No. 1, Spring/ Summer 2005.
  • Miller, M. H. (1991). Financial Innovations And Market Volatility. Cambridge, MA: Blackwell Publishers, p. 5-9.
  • Philippon, T. (2008). The Evolution of the US Financial Industry from 1860 to 2007: Theory and Evidence. NYU working paper.
  • Schwarcz S. (2013). Framing Address: A Framework for Analyzing Financial Market Transformation. 36 Seattle U. L. Rev. 299.
  • Smith, C. W., Smithson, Ch. W. (1990). Financial Engineering: An Overview. The Handbook of Financial Engineering, New York, NY, Harper Business.
  • Wood, P. (1995). International Loans, Bonds and Securities Regulation. London: Sweet & Maxwell, p. 11.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171274423

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