Abstract

HALDANE, Andrew G.. THE $100 BILLION QUESTION. Rev.econ.inst. [online]. 2010, vol.12, n.22, pp.83-110. ISSN 0124-5996.

This article examines the costs of banking pollution and the role of regulation and restrictions on the financial system in tackling it. It studies the benefits of such restrictions in terms of modularity, robustness and incentives, and the costs in terms of the economies of scale and the economies of scope that are exhausted at relatively modest level.

Keywords : financial crisis; systemic risk.

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