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What Is Different about Financial Firms?

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  • Miles, David K

Abstract

This paper uses information on the stock prices of large U.K. banks to assess the economic case for special forms of banking regulation. The link between information problems in banking markets and regulation is explored and evidence that such information problems are important for banks is presented. Copyright 1991 by Blackwell Publishers Ltd and The Victoria University of Manchester

Suggested Citation

  • Miles, David K, 1991. "What Is Different about Financial Firms?," The Manchester School of Economic & Social Studies, University of Manchester, vol. 59(1), pages 64-79, March.
    • Handle: RePEc:bla:manch2:v:59:y:1991:i:1:p:64-79
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    Cited by:

    1. Miles, David, 1995. "Optimal regulation of deposit taking financial intermediaries," European Economic Review, Elsevier, vol. 39(7), pages 1365-1384, August.

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