International Competitiveness in Financial Services: A Special Issue of the Journal of Financial Services Research

financial markets suggests that factors such as differences in capital requirements, limi­ tations on size or on the range of financial activities in which firms can engage, govern­ ment guarantee arrangements for deposits or payments, and reporting or disclosure requirements can have important effects on the efficiency of industrial and commercial firms and thus on the international competitive positions of major sectors of the U.S. economy. Regulatory and tax policies must therefore take ...