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The Single Supervisory Mechanism – Panacea or Quack Banking Regulation?
(2014-09-10)
This paper analyzes the new architecture for the prudential supervision of banks in the euro area. It is primarily concerned with the likely effectiveness of the SSM as a regime that intends to bolster financial stability ...
How Special Are They? – Targeting Systemic Risk by Regulating Shadow Banking
(2014-10-05)
This essay argues that at least some of the financial stability concerns associated with shadow banking can be addressed by an approach to financial regulation that imports its functional foundations more vigorously into ...