By Daniel Verdier
Relocating funds analyses the impression of politics on monetary platforms. Daniel Verdier examines how details asymmetry and economies of scale over the years have created a redistributional clash among huge and small banks, monetary centres and their peripheries, and he discusses how governments have tried to arbitrate this clash. He argues that centralized states have tended to create centred, internationalized, market-based and really expert monetary structures, while decentralized states have favoured dispersed, nationwide, bank-based and, with a number of exceptions, common structures. Verdier then units out to discover the assets, political and monetary, of cross-country version in monetary industry association, interpreting 15 to twenty OECD nations from 1850 onwards.
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