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City or real economy: who are the financial markets for?

James, Kevin R. (2021) City or real economy: who are the financial markets for? LSE Business Review (10 Dec 2021). Blog Entry.

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Abstract

The indirect benefits that effective financial markets can create by improving overall economic performance vastly exceed any direct benefits that the financial services sector produces through its revenue and employment. The primary goal of financial regulation should therefore be to bring about effective financial markets. But there is now no regulator responsible for the overall effectiveness of the UK’s financial services sector. Kevin R. James suggests a way for the Treasury to correct this market effectiveness underlap.

Item Type: Online resource (Blog Entry)
Official URL: https://blogs.lse.ac.uk/businessreview/
Additional Information: © 2021 The Author
Divisions: Systemic Risk Centre
Subjects: H Social Sciences > HG Finance
H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Date Deposited: 21 Jan 2022 13:33
Last Modified: 21 Jan 2022 13:33
URI: http://eprints.lse.ac.uk/id/eprint/113217

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