Why “Level Playing Field” Arguments Are Invalid

Readings from Anat R. Admati and Marting Hellwig on why “level-playing-field” arguments are invalid from the Financial Times.

Financial Times

The question is not whether banks are successful but whether their resources are most usefully employed, write Anat Admati and Martin Hellwig.

Financial Times

Bankers on both sides of the Atlantic are lobbying furiously against stronger regulation.

Coauthor

Professor

Finance

Martin Hellwig
Director Emeritus, Max Planck Institute for Research on Collective Goods

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