Come difendere la globalizzazione e salvaguardare i sistemi bancari dal contagio?
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 cu...
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Associazione Economia civile
2012-03-01
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Online Access: | http://ojs.uniroma1.it/index.php/monetaecredito/article/view/9941/9824 |
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doaj-19b817b179304e1a931973fa10e2ad512020-11-24T23:14:15ZitaAssociazione Economia civileMoneta e Credito0026-96112037-36512012-03-0165257947Come difendere la globalizzazione e salvaguardare i sistemi bancari dal contagio?Mario SarcinelliThe 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.http://ojs.uniroma1.it/index.php/monetaecredito/article/view/9941/9824globalizationbanking systemscontagioncrisissistemi bancaricontagiocrisiglobalizzazione |
collection |
DOAJ |
language |
Italian |
format |
Article |
sources |
DOAJ |
author |
Mario Sarcinelli |
spellingShingle |
Mario Sarcinelli Come difendere la globalizzazione e salvaguardare i sistemi bancari dal contagio? Moneta e Credito globalization banking systems contagion crisis sistemi bancari contagio crisi globalizzazione |
author_facet |
Mario Sarcinelli |
author_sort |
Mario Sarcinelli |
title |
Come difendere la globalizzazione e salvaguardare i sistemi bancari dal contagio? |
title_short |
Come difendere la globalizzazione e salvaguardare i sistemi bancari dal contagio? |
title_full |
Come difendere la globalizzazione e salvaguardare i sistemi bancari dal contagio? |
title_fullStr |
Come difendere la globalizzazione e salvaguardare i sistemi bancari dal contagio? |
title_full_unstemmed |
Come difendere la globalizzazione e salvaguardare i sistemi bancari dal contagio? |
title_sort |
come difendere la globalizzazione e salvaguardare i sistemi bancari dal contagio? |
publisher |
Associazione Economia civile |
series |
Moneta e Credito |
issn |
0026-9611 2037-3651 |
publishDate |
2012-03-01 |
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. |
topic |
globalization banking systems contagion crisis sistemi bancari contagio crisi globalizzazione |
url |
http://ojs.uniroma1.it/index.php/monetaecredito/article/view/9941/9824 |
work_keys_str_mv |
AT mariosarcinelli comedifenderelaglobalizzazioneesalvaguardareisistemibancaridalcontagio |
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1725595411754778624 |