As megainstituições e a instabilidade financeira : os desafios para a ragulamentação prudencial
By: CINTRA, Marcos Antonio Macedo
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Contributor(s): FEITAS, Maria Cristina Penido de.
Material type: 
ArticlePublisher: São Paulo : Editora 34, abr./jun. 2000Revista de Economia Política = Brazilian Journal of Political Economy 20, 2 , p. 157-167Abstract: This paper analyses the recent process of the financial concentration in major industrialized countries. It reveals that the formation of large diversified financial conglomerates consolidates the so-called full-service banking or financial supermar-kets in the United States and the Allfinaz in Europe. It also evaluates the role played by these megainstitutions in the intensification of financial instability due to increas-ing potential moral hazard and the systemic risk. Finally, it deals with difficulties faced by authorities in the supervision and control of these megabanks
This paper analyses the recent process of the financial concentration in major industrialized countries. It reveals that the formation of large diversified financial conglomerates consolidates the so-called full-service banking or financial supermar-kets in the United States and the Allfinaz in Europe. It also evaluates the role played by these megainstitutions in the intensification of financial instability due to increas-ing potential moral hazard and the systemic risk. Finally, it deals with difficulties faced by authorities in the supervision and control of these megabanks
Revista de Economia Política 2000
v. 20, n. 2(78)
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