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To: Cynic 2005 who wrote (41697)	9/30/1999 4:07:00 PM
From: long-gone	Respond to of 116764

Regulation of Intemational Securities Issues Paul G. Mahoney Paul Mahoney is an associate professor of law at the University of Virginia School of Law. Like bank regulators, securities regulators around the world have become increasingly preoccupied with the internationalization of markets. Lenders and borrowers alike find it easier than ever to move from one capital market to another in search of the most attractive terms. This trend should be encouraged because it both lowers borrowers' cost of capital by making new sources of funds available and reduces lenders' risk by increasing opportunities for diversification. Because many of the remaining barriers to cross-border investment are regulatory, the pace of further development depends in part on the reactions of regulators. In particular, will they view internationalization(cont)http://www.cato.org/pubs/regulation/reg14n2e.html ++++ Runs on Banks (great read - PDF) cato.org