Financial regulation after the global recession / Carlos M. Peláez and Carlos A. Peláez

Author(s): Peláez, Carlos Manuel
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Subjects: Banking law
Banks and banking--State supervision
Banks and banking--Government policy
Financial crises--Prevention
Formats: Print
Material Type: Books
Language: English
Audience: Unspecified
Published: Basingstoke ; New York : Palgrave Macmillan, c2009
LC Classification: H, HG
Physical Description: xiv, 204 p. ; 23 cm
Table of Contents: List of Tables
List of Diagrams
List of Abbreviations
Acknowledgments
Introduction, Scope and Content
Pt. I. Government Intervention and Finance
Introduction
The First Best of Efficiency and Satisfaction
The Theory of Second Best
The Public Interest View
Imperfect Information
Government Failure
Transactions Costs and Property Rights
The New Institutional Economics
The Economic Theory of Regulation
Rent-seeking and Public Choice
The View of Disclosure and Regulation
The Political Economy of the Regulatory State
Contrasts of Public and Private Interest Views
Applied Welfare Economics
Finance, Efficiency and Growth
Summary
Appendix. Security Prices and Cost/Benefit Analysis
Pt. II. Bank Regulation
Approaches to Bank and Financial Regulation
Banks Versus Finance
Prudential and Systemic Regulation
Functional and Structural Finance
The Law and Finance View
Bank Functions
Monitoring and Diversification
Liquidity Transformation
Housing Finance
Securitization and Credit-risk Transfer
Bank Capital Theory and Requirements
International Capital Requirements
Deposit Insurance
Political Economy
Pt. III. Bank Concentration and Central Banks
Banking Market Organization
Competition and Productivity
Restrictions on Markets
Bank Concentration
Central Banks
The Federal Reserve System and US Regulators and Supervisors
The European Central Bank
The Bank of Japan
The Bank of England
General Principles of Central Banking
Central Banking in the United Kingdom
Monetary Policy, Income and Prices
Pt. IV. Universal Banking, Governance and Compensation
Universal and Specialized Banking
The Political Economy of Securities Legislation
Economic Analysis of Glass-Steagall
The Gramm-Leach-Bliley Financial Modernization Act
Hedge Funds
Corporate Governance
Remuneration
Corporate Law
Pt. V. Regulation of Securities and Capital Markets
Rules and Principles
The SEC and Self-regulatory Organizations
The Financial Services Authority
Proposals of Capital Market Regulators
The Sarbanes-Oxley Act of 2002
The Law
Economic Evaluation
Corporate Governance and Performance
Gatekeepers
Regulation and the Choice of Exchange Listing
Pt. VI. Regulation and Policy in the Global Recession
The New Deal
What Caused the Credit Crisis and Global Recession?
The Instruments of Monetary Policy
The Troubled Assets Relief Program
Financial Stability Plan
Mortgage Modification
Fiscal Policy
Liquidity Guarantee
The Swedish Bank Workout
Regulation
Conclusion
Notes
Index
Additional Authors: Peláez, Carlos A., 1976-
Notes: ISBN: 9780230239029 (hbk.)
ISBN: 0230239021 (hbk.)
Includes bibliographical references (p. 178-201) and index
OCLC Number: 429023963
ISBN/ISSN: 9780230239029
0230239021