Why do we need a financial sector?
Financial sector activity has accelerated along with its pay scales. This debate seeks to identify which activities are socially useful. It also considers regulations that could curb excesses in the sector whilst not hindering those activities for which it enhances capacity.
DellaVigna, Durante, Knight, La Ferrara
Ostry, Berg, Tsangarides
Allen, Eichengreen, Evans
Greenwood, Guner, Kocharakov, Santos