By Derek Hunter
Just one, actually: Jean
Tirole, the winner of 2014 Nobel Prize in Economics. Tirole focuses on the
regulation of industries susceptible to monopolies or oligopolies, such as
telecommunications, technology, and banking. His research on the banking sector
has been particularly influential since the financial crisis. While Tirole supports
the post-crisis efforts by domestic governments to strengthen bank capital and
liquidity requirements, he emphasizes that financial regulation must be
international in scope to be truly effective.
The New York Times discusses Tirole’s career, and his profound impact on the modern
regulatory system.
0 comments:
Post a Comment