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Chapter 2: Q.23 (page 97)

Financial regulation is similar, but not exactly the same, in industrialized countries. Discuss why it might be desirable鈥攐r undesirable鈥攖o have the same financial regulation across industrialized countries

Short Answer

Expert verified

It is desirable to have same financial regulation so that the manufacturers do not have to migrate their business.

Step by step solution

01

Step 1. Introduction

Financial regulations guard consumers' investments. Regulations save you monetary fraud and restriction the dangers monetary establishments can take with their investors' money. Financial regulators oversee 3 most important monetary sectors: banking, monetary markets, and consumers

02

Step 2. Explanation

It might be useful to have monetary rules which can be same in all international locations to keep away from monetary markets individuals emigrate their commercial enterprise to international locations with fewer rules. On the alternative side, all international locations are exclusive and designing a not unusual place set of monetary rules appears to be a alternatively hard task.

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