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- W2912871803 abstract "There is a large body of evidence on the relationship between financial systems and wealth creation. This chapter examines how the technological revolution is transforming finance and how regulation is responding to it. It argues that there are fundamental defects in regulation that are giving rise to regulatory arbitrage and the emergence of a parallel, unregulated financial system. It suggests that regulation needs to be redesigned on functional rather than institutional lines and to focus on the systemic consequences of financial innovation for financial systems as a whole. Failure to do so will stifle both productive innovation and wealth creation." @default.
- W2912871803 created "2019-02-21" @default.
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- W2912871803 date "2017-10-19" @default.
- W2912871803 modified "2023-09-27" @default.
- W2912871803 title "Finance, Wealth, Technological Innovation, and Regulation" @default.
- W2912871803 doi "https://doi.org/10.1093/oso/9780198803720.003.0017" @default.
- W2912871803 hasPublicationYear "2017" @default.
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