Banking, finance, and the role of the state
回顾金融监管结构、危机暴露的缺陷及改革方案，质疑现有改革是否足够，主张建立国家与银行系统的明确伙伴关系以保护核心功能并防止重新谈判和游说。
This paper provides an overview of the issue. It considers the existing structure of financial regulation, the deficiencies that were encountered during the financial crisis, and the proposed reforms. It discusses whether these are likely to be adequate and argues that there are fundamental failures in product markets, capital markets, and government relations with financial institutions highlighted in the articles in this issue that question whether current reforms will prove sufficient. In particular, the article argues that a clearly defined partnership between the state and the banking system needs to be established by which the state protects certain core components of the banking system that perform key functions in an economic system and well specified rules are put in place to avoid renegotiation and lobbying. Copyright 2011, Oxford University Press.