Read full paper at: http://www.scirp.org/journal/PaperInformation.aspx?PaperID=50858#.VE79s1fHRK0 Author(s) Alexis Derviz 1,2* , Jakub Seidler 3 Affiliation(s) 1 Monetary and Statistics Department, Czech National Bank, Prague, Czech Republic . 2 Institute of Information Theory and Automation, Prague, Czech Republic . 3 Institute of Economic Studies, Charles University, Prague, Czech Republic . ABSTRACT When national financial sector regulators need to mutually harmonize macroprudential policy decisions, imperfections of cross-bord er information exchange may undermine fair cooperation. Attempts to overcome the effects of informational distortions by delegating macroprudential policy to a supranationa...
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