ECB paper traces roots of falling financial integration
Policy interventions beyond traditional capital controls may have ‘unintended’ impact
The decrease of financial integration across the globe could stem from policy interventions beyond traditional capital controls, according to an occasional paper published by the European Central bank today (September 23).
The side effects of national financial sector policies: framing the debate on financial protectionism, by Roland Beck, John Beirne, Francesco Paternò, Jolanda Peeters, Julio Ramos-Tallada, Cyril Rebillard, Dennis Reinhardt, Lisa Weissenseel and Julia Wörz, find "several other
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