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Fighting the UrgeFor Protectionism

机译:反对保护主义的敦促

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摘要

Undoubtedly, the global financial crisishas changed the intellectual climate deci-sively against free markets and in favor ofgovernment regulation. New financial-market regulations are brewing in OECDcountries as well as in emerging markets.They concern everything from a global col-lege of financial regulators and stricter cap-italization requirements to limits onexecutive pay, directions to lend to smallenterprises and bans on short-selling. Un-less current regulatory ambitions are scaleddown, they run the risk of stifling marketsignals and emasculating the entire globaleconomy.
机译:毫无疑问,全球金融危机已在思想上改变了反对自由市场并支持政府监管的知识环境。经合组织国家和新兴市场正在酝酿新的金融市场法规,涉及全球金融监管机构,更严格的资本要求,限制执行薪酬,向小企业贷款的方向以及禁止卖空的一切问题。 。除非当前的监管野心有所缩小,否则它们就有窒息市场信号并削弱整个全球经济的风险。

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