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Money, Banking,
and Business
Lecture 22
Regulation
Chapter 12
Questions?
Chapter 12
Regulation of the
Banking System and
the Financial Services
Industry
Regulation
Competition regulates
markets with well defined
property rights and no
government bailouts.
Skin in the Game
Regulation
Someone else pays for your
mistakes.
Confidence in the system
Higher Returns Higher Risk
Clayton Christensen

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