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Article dans une revue

Balancing market liquidity: Bank Structural Reform caught between growth and stability

Abstract : The European Commission’s proposal for a Bank Structural Reform (BSR) aimed at increasing banks’ resolvability through separating risky trading activities from deposit-taking institutions. In contrast to initial plans, the final proposal exempted market-making activities of banks. This exemption, we argue, was brought about by the Commission’s discursive framing of the BSR as a balancing act between stability and growth. Coupled with the incapacity to unambiguously measure the effects of the reform on market liquidity and on growth, this pushed the assessment of market-making from the technical to the political realm, leading to a reproduction of the prevalent market-based banking system.
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https://hal-sciencespo.archives-ouvertes.fr/hal-02184088
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Soumis le : lundi 15 juillet 2019 - 18:02:14
Dernière modification le : vendredi 2 juillet 2021 - 13:59:53

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Vanessa Endrejata, Matthias Thiemann. Balancing market liquidity: Bank Structural Reform caught between growth and stability. Journal of Economic Policy Reform, 2018, pp.Online. ⟨hal-02184088⟩

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