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Regulation of Banks and Finance

Theory and Policy after the Credit Crisis

Carlos A. Peláez Carlos M. Peláez

$251.95   $201.58

Hardback

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English
Palgrave Macmillan
19 November 2009
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.
By:   ,
Imprint:   Palgrave Macmillan
Country of Publication:   United Kingdom
Dimensions:   Height: 229mm,  Width: 152mm,  Spine: 17mm
Weight:   563g
ISBN:   9780230239036
ISBN 10:   023023903X
Pages:   272
Publication Date:  
Audience:   College/higher education ,  Professional and scholarly ,  Primary ,  Undergraduate
Format:   Hardback
Publisher's Status:   Active
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 Deposit Bank 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

CARLOS M. PELÁEZ received a PhD and BS, Phi Beta Kappa from Columbia University, City of New York, USA. He has published books, essays and articles worldwide, including International Financial Architecture, The Global Recession Risk, Globalization and the State: Volume I, Globalization and the State: Volume II and Financial Regulation after the Global Recession. He was Director of the Banco Chase and of the Rio de Janeiro Association of Banks and Vice President of Chase Manhattan Bank, USA. He is Managing Director of CMP Associates, USA. CARLOS A. PELÁEZ received the AB in Statistics from the University of Chicago, USA and the JD from the University of Pennsylvania Law School, where he was a Senior Editor of the Journal of International Law. He has published books and essays worldwide, including International Financial Architecture, The Global Recession Risk, Globalization and the State: Volume I, Globalization and the State: Volume II and Financial Regulation after the Global Recession. He works for a large law firm in New York City, USA.

Reviews for Regulation of Banks and Finance: Theory and Policy after the Credit Crisis

It's such a delight when a book surprises you. Who'd have thought there was anything new to be said about Spain and the tale of Don Quiote? Surely we know everything it's worth knowing about such a familiar place and such a well-known story? But no - Miranda France (a gift of a name for a travel writer) succeeds in intriguing us. The glory of Don Quixot's Delusions is in the detail. The author has the most astute eye. She makes the very ordinary and seemingly mundane not just interesting, but fascinating and full of meaning. Spain is out under a microscope. So, under France's guidance, we sniff for the first time 'a marriage of hairspray and cologne' which breezes down the city streets each night at eight, heralding the start of the El Paseo, the ritual of the evening stroll. Such minute observations are matched with amusing facts that I find myself quoting often : Spaniards are the most sociable Europeans, spending at least two and a half hours a day with friends. And did you know that Spain has only slightly fewer bars than the rest of the European Union put together? France's story is set in three times - the early 17th century of Cervantes, author of Don Quixote, the most translated book after the Bible; 1987, when France spent a year as a student in Madrid; and the present day, when she returns to Spain to find both Cervantes and her younger self. The three eras meld beautifully, so we get a complete picture of a country and its people through vast historical changes. This book shows that fine travel writing dies not have to be about the distant and exotic. It proves that a place we can be blase about may still make the best story. Review by: DEA BIRKETT. Editor's note: DEA BIRKETT is the author of Serpent in Paradise. (Kirkus UK)


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