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Appreciating diversity: Regulatory reform and banking practices in the developed and developing worlds

Author

Listed:
  • Jayati Ghosh

    (Centre for Economic Studies and Planning, School of Social Sciences, Jawaharlal Nehru University, New Delhi)

Abstract

The homogenisation of finance that has dramatically increased the proclivity to instability and crisis is directly related to the very structure of regulations that have discouraged different types of institutions from emerging and/or and surviving. In developing countries they have the further limitation of preventing the necessary variation of financial institutions that is required for financing development and enlarging the spread of and access to institutional finance. The rules that apply to commercial banks or investment banks cannot and should not be applied to development banks, savings banks or co-operative banks. Diversity in the financial system can and should be encouraged at several levels and through several means.

Suggested Citation

  • Jayati Ghosh, 2012. "Appreciating diversity: Regulatory reform and banking practices in the developed and developing worlds," PSL Quarterly Review, Economia civile, vol. 65(263), pages 429-436.
    • Handle: RePEc:psl:pslqrr:2012:44
    as

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    File URL: http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10202/10096
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    References listed on IDEAS

    as
    1. Hyman P. Minsky & Dimitri B. Papadimitriou & Ronnie J. Phillips & L. Randall Wray, "undated". "Community Development Banking, A Proposal to Establish a Nationwide System of Community Development Banks," Economics Public Policy Brief Archive 3, Levy Economics Institute.
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    More about this item

    Keywords

    institutional diversity; financial regulation; development;
    All these keywords.

    JEL classification:

    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
    • G01 - Financial Economics - - General - - - Financial Crises

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