The Financial Crisis and the Regulation of Finance

Christopher J. Green, Eric J. Pentecost, Tom Weyman-Jones (Herausgeber)

Buch | Hardcover

296 Seiten

2011
Edward Elgar Publishing Ltd (Verlag)
978-1-84980-870-5 (ISBN)

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The 2007–08 financial crisis has posed substantial challenges for bankers, economists and regulators: was it preventable, and how can such crises be avoided in future?

The 2007-08 financial crisis has posed substantial challenges for bankers, economists and regulators: was it preventable, and how can such crises be avoided in future? This book addresses these questions.

The Financial Crisis and the Regulation of Finance includes a comprehensive overview of the crisis and reviews the theory and practice of regulation in the UK and worldwide. The contributors - all international experts on financial markets and regulation - provide perspectives and analysis on macro-prudential regulation, the regulation of financial firms, and the role of shareholders and disclosure.

This rigorous book will be of great interest to all those with an interest in banking and finance including academics, professionals, bankers, regulators, advisors and civil servants. Students on banking and finance courses will also find this clear and compact resource invaluable.

Contributors: P. Andrews, M. Balling, C. Borio, F. Bruni, F. Capie, G. Dennis, R.A. Eisenbeis, C. Goodhart, C.J. Green, D. Grimsey, S. Heffernan, R.J. Herring, G.G. Kaufman, M.K. Lewis, D.G. Mayes, A. Mullineux, E.J. Pentecost, R.H. Schmidt, T. Weyman-Jones, G. Wood

Edited by Christopher J. Green, Professor of Economics and Finance, Eric J. Pentecost, Professor of Economics and Tom Weyman-Jones, Professor of Industrial Economics, Loughborough University, UK

Contents:

PART I: THE FINANCIAL CRISIS
1. Introduction
Christopher J. Green, Eric J. Pentecost and Tom Weyman-Jones

2. ‘The Day the Music Died’: The Financial Tsunami of 2007–09
Christopher J. Green

3. An Emerging Markets Perspective on the Recent Crisis
Geoffrey Dennis

PART II: REGULATION IN RETROSPECT AND PROSPECT
4. Economic Evidence and Financial Regulation
Peter Andrews

5. The Economic Rationale for Financial Regulation Reconsidered: An Essay in Honour of David Llewellyn
Richard J. Herring and Reinhard H. Schmidt

6. Moral Hazard
Charles Goodhart

PART III: MACROPRUDENTIAL REGULATION
7. Implementing the Macroprudential Approach to Financial Regulation and Supervision
Claudio Borio

8. Rules for Money and Rules for Finance: A New Relationship After the Crisis?
Franco Bruni

9. Financial Crises from 1803 to 2009: The Crescendo of Moral Hazard
Forrest Capie and Geoffrey Wood

PART IV: REGULATION OF FINANCIAL FIRMS
10. Early Intervention and Prompt Corrective Action in Europe
David G. Mayes

11. The World of Unintended Consequences: A Post-Mortem on Regulation Q and Prologue for the Future
Robert A. Eisenbeis and George G. Kaufman

12. UK Financial Reform Post Crisis: Is More Regulation the Answer?
Shelagh Heffernan

PART V: INFORMATION, SHAREHOLDERS AND PROJECTS
13. Asymmetries in Financial Information, Risk and Know-how: The Roles of Disclosure Rules, Financial Safety Nets and Market Discipline
Morten Balling

14. ‘The New Masters of the Universe’: Institutional Shareholder Engagement and the Regulation and Governance of Banks
Andy Mullineux

15. Minimizing Collateral Damage: Options for Financing Public–Private Partnerships in the Wake of the Financial Crisis
Darrin Grimsey and Mervyn K. Lewis

Index

Erscheint lt. Verlag	29.4.2011
Verlagsort	Cheltenham
Sprache	englisch
Maße	156 x 234 mm
Themenwelt	Sonstiges ► Geschenkbücher
	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
	Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre
	Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
ISBN-10	1-84980-870-8 / 1849808708
ISBN-13	978-1-84980-870-5 / 9781849808705
Zustand	Neuware