Regulation of banks and finance: theory and policy after the credit crisis

As the financial crisis engulfs the world economy, there is an ambitous agenda for regulatory reform. This book provides a comprehensive review of the analysis of finance, economics and the law and economics, illuminating past and current banking and financial regulation designed to prevent another credit/dollar crisis and global recession. INDICE: List of Tables - List of Diagrams - List of Abbreviations - Acknowledgments - Introduction, Scope and Content - The Theory of Regulation and Finance - Introduction - The Public Interest View - The First Best - Monopoly - Externalities - Market Failure - The Private Interest View - Government Failure- The Economic Theory of Regulation - The Second Best - Applied Welfare Economics - Property Rights - The New Institutional Economics - Asymmetry of Information - The Modified Capture Theory - Finance, Efficiency and Growth - Summary- Functions and Regulation of Deposit Banks - Introduction - Regulation - Bank Functions - Microeconomics of Banking - Monitoring - Liquidity - Transformation Services - Capital Requirements - Bank Fragility - Empirical Analysis - International Capital Requirements - Deposit Insurance - Narrow Banking - Deregulation - Fair Valuation - Government Sponsored Enterprises - Summary - DepositBank Market Power and Central Banking - Introduction - Banking Competition - Market Structure - Entry - Market Power - Concentration and Stability - Central Banking - Introduction - The Transmission of Monetary Policy - Inflation Targeting - The Lucas Critique and Consistency - Summary - Investment Banking, Governance, Mergers and Compensation - Introduction - Market Structure - The Glass-Steagall Act - Underwriting - Loan Syndication - Governance - Incentive Compensation - Mergers and Acquisitions - Bank Mergers and Competition - Corporate Law - Antitakeover Defense - Summary - Securities Regulation - Introduction - Exit - Leveraged Buyouts - Rules and Principles - Regulation of New Issues -Insider Trading - The Decision of Going Public - Sarbanes-Oxley - Listing - Summary - The Credit/Dollar Crisis and Recession Regulation - Introduction - The Global Recession - The Great Depression - Banks and Money - Debt Deflation Theories - Financial Market Frictions - The Gold Standard - Nonmonetary Factors- Wages and Employment - Growth Theory and the New Deal - Origins of the Credit Crisis - Monetary and Fiscal Policy - Government Ownership and Control of Banks - Regulation - Summary - Conclusion - Notes

• ISBN: 978-0-230-23903-6
• Editorial: Palgrave Macmillan
• Encuadernacion: Cartoné
• Páginas: 288
• Fecha Publicación: 19/11/2009
• Nº Volúmenes: 1
• Idioma: Inglés