J, Richard. Herring2015-02-112022-07-062015-02-112022-07-0629/08/20062006https://ir.wgtn.ac.nz/handle/123456789/18921How can financial system stability best be achieved? By reliance on market discipline? Or by imposing a complex system of official supervision? This seminar outlines the costs and benefits of these two approaches and discusses systems that potentially incorporate the best features of both.Richard Herring is Jacob Safra Professor of International Banking at the University of Pennsylvania's Wharton School where he also serves as Director of The Joseph H. Lauder Institute of Management and International Studies and Co-Director of the Wharton Financial Institutions Center. His principal research interests are in international banking and financepdfen-NZPermission to publish research outputs of the New Zealand Institute for the Study of Competition and Regulation has been granted to the Victoria University of Wellington Library. Refer to the permission letter in record: https://ir.wgtn.ac.nz/handle/123456789/18870financegovernanceregulationText