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Choosing the Lesser of Two Evils: Explaining Multinational Banking Groups’ Push for Supranational Oversight in the EU
(Université de Montréal. Centre d'études et de recherches internationales, 2014-10)For decades before the Global Financial Crisis of 2008, West European nation-states maintained close political ties to their banks. Banks enjoyed regulatory forbearance and limited competition, while states cultivated national banking champions and a ...