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Author/Editor:
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Bhatia, Ashok Vir
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Publication Date:
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August 01, 2007
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Electronic Access:
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Free Full text
(PDF file size is 334KB).
Use the free
Adobe Acrobat Reader
to view this PDF file
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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Summary:
Given the rapid evolution of the U.S. financial sector and attendant regulatory challenges, this paper explores ways to fine-tune U.S. oversight arrangements. It surveys the financial landscape, separating a highly regulated, multi-business, and (in terms of relative asset holdings) shrinking “core” from a lightly regulated, more specialized, and rapidly expanding “periphery”; explains the U.S. regulatory philosophy and structure, with its focus on core institutions and its jurisdictional complexity; highlights certain new challenges, without presuming to have all the solutions; draws out some broad policy implications, from the “30,000 foot level”; and concludes by tabling and discussing one, specific, reform idea.
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Series:
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Working Paper No. 07/195
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Subject(s):
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Financial sector | United States | Bank supervision | Structural adjustment
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Author's Keyword(s):
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Financial sector | financial stability | regulation | supervision |
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English
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Publication Date:
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August 01, 2007
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ISBN/ISSN:
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1934-7073
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Format:
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Paper
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Stock No:
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WPIEA2007195
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Pages:
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24
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Price:
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US$18.00 )
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Please address any questions about this title to
publications@imf.org
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