Download or read book The Deregulation of the World Financial Markets written by Sarkis Khoury and published by Praeger. This book was released on 1990 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a comprehensive examination of the deregulation of financial markets that began in the United States in the mid-1960s and has now reached global proportions. The author examines the deregulatory steps taken in each of the major financial markets--the United States, Britain, Japan, Australia, and Hong Kong--exploring the impetus behind the deregulatory developments, their potency, and their effects on the operational, promotional, and allocational efficiency of financial markets. Khoury also assesses the effects of deregulation on the stability of financial markets and on the movement toward political and economic integration within these markets. Throughout, Khoury focuses particular attention on the dynamics of the deregulation process and the forces that generated it in each of the markets under study. Khoury begins by tracing the evolution of the internationalization of the financial markets and their deregulation over the last three decades. He then examines the economics of financial deregulation and the implications of regulatory changes. Four chapters are devoted to extended analysis of deregulation in the various financial centers. Khoury compares and contrasts the similarities and differences among the five markets, examines the impact of regulatory developments in each market, and analyzes the growing interrelationships among financial markets. A separate chapter looks at the effects of deregulation on the foreign exchange, money, and stock markets, and on the performance and stability of the banking sector. Finally, Khoury looks to the future of deregulation, describing the changes that are likely to occur in the regulatory structure and in the money and capital markets. Ideal as supplemental reading for courses in international finance and banking, this book also offers bankers and regulators new insights into the potential and actual effects of various regulatory and deregulatory measures.
Download or read book The Redistributive Effects of Financial Deregulation written by Mr.Anton Korinek and published by International Monetary Fund. This book was released on 2013-12-17 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial regulation is often framed as a question of economic efficiency. This paper, by contrast, puts the distributive implications of financial regulation center stage. We develop a model in which the financial sector benefits from risk-taking by earning greater expected returns. However, risktaking also increases the incidence of large losses that lead to credit crunches and impose negative externalities on the real economy. We describe a Pareto frontier along which different levels of risktaking map into different levels of welfare for the two parties. A regulator has to trade off efficiency in the financial sector, which is aided by deregulation, against efficiency in the real economy, which is aided by tighter regulation and a more stable supply of credit. We also show that financial innovation, asymmetric compensation schemes, concentration in the banking system, and bailout expectations enable or encourage greater risk-taking and allocate greater surplus to the financial sector at the expense of the rest of the economy.
Download or read book Financial Deregulation written by Alexis Drach and published by Oxford University Press. This book was released on 2021 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume is the first archival based historical investigation on the liberalization measures taken in various countries in the financial sector in the decades following the Bretton Woods system, from a comparative and a global perspective.
Download or read book Financial Deregulation and the Globalization of Capital Markets written by Eugene Versluysen and published by World Bank Publications. This book was released on 1988 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rapid financial deregulation and the globalization of capital markets have led to dangerous financial volatility that could have a destabilizing impact on major economies. To reduce this volatility, new regulation may be needed.
Download or read book Financial Deregulation and Integration in East Asia written by Takatoshi Ito and published by University of Chicago Press. This book was released on 2007-12-01 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: The increased mobility and volume of international capital flows is a striking trend in international finance. While countries worldwide have engaged in financial deregulation, nowhere is this pattern more pronounced than in East Asia, where it has affected in unanticipated ways the behavior of exchange rates, interest rates, and capital flows. In these thirteen essays, American and Asian scholars analyze the effects of financial deregulation and integration on East Asian markets. Topics covered include the roles of the United States and Japan in trading with Asian countries, macroeconomic policy implications of export-led growth in Korea and Taiwan, the effects of foreign direct investment in China, and the impact of financial liberalization in Japan, Korea, and Singapore. Demonstrating the complexity of financial deregulation and the challenges it poses for policy makers, this volume provides an excellent picture of the overall status of East Asian financial markets for scholars in international finance and Asian economic development.
Download or read book Does Financial Deregulation Work written by Bruce Coggins and published by Edward Elgar Publishing. This book was released on 1998 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: A detailed critique of the reasoning behind the deregulation of banks, savings and loans, and other financial services. In challenging the conventional arguments, Coggins proposes an alternative set of assumptions drawn from post-Keynesian monetary theory and the historical and institutional approach to industrial organization. He concludes that stability in the financial systems is dependent upon a regulatory regime which focuses on limiting competition and encouraging productive over speculative investment. Annotation copyrighted by Book News, Inc., Portland, OR
Download or read book International Regulatory Rivalry in Open Economies The Impact of Deregulation on the US and UK Financial Markets written by Doha M. Abdelhamid and published by Routledge. This book was released on 2017-11-01 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2003. This text aims to fill a gap in the literature for a text on the theory and practice of international regulatory competition in the open financial markets of the US and UK.
Download or read book Deregulation and the Structure of Rural Financial Markets written by Daniel L. Milkove and published by . This book was released on 1990 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Asia Pacific Financial Deregulation written by Gordon De Brouwer and published by Routledge. This book was released on 2002-03-11 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent events in East Asia have highlighted the risks of volatility and contagion in a financially integrated world. Countries in the region had been at the forefront of the movement towards increased integration but the crisis that struck Thailand in July 1997, and the rapidity with which it spread to other East Asian nations, suggested that all was not well. Weaknesses in domestic financial intermediation, poor corporate governance and deficient government responses to large capital inflows all played a role in the build-up of vulnerability. Asia-Pacific Financial Deregulation provides an insight into financial liberalisation and structural reform in the region generally and as illustrated by a number of countries.
Download or read book Deregulation of Financial Markets written by B. L. Hamley and published by . This book was released on 1984 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Markets and Organizational Technologies written by A. Kyrtsis and published by Springer. This book was released on 2015-12-11 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a valuable companion for everyone who is interested in the historical context of the co-evolution of financial markets and information technologies in the last 30 years. The contributors analyze system architectures and solution technologies in banking and finance by focusing on the particularities of certain practices and risks.
Download or read book Deregulation of the French Financial Markets written by Carolyn M. Campbell and published by . This book was released on 1988 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The New Finance written by Franklin R. Edwards and published by American Enterprise Institute. This book was released on 1996 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dramatic changes in information and telecommunications technologies have transformed U.S. financial markets in the 1980s and 1990s. This book examines the growth of mutual funds and derivatives markets and the decline of banks and explores implications of those developments for financial stability and regulatory policy. One of the book's central conclusions is that the current system of bank regulation is out of step with today's financial realities and needs to be substantially changed. Franklin Edwards asserts that the best way to increase the freedom of financial institutions to compete while making the financial system less vulnerable to excessive risk-taking by individual financial institutions is to adopt a system of collateralized banking. He shows how adopting such a system will result in a more stable financial system, both by reducing our reliance on government to maintain financial soundness and by enhancing the effectiveness of private markets in controlling institutional risk taking.
Download or read book All Fall Down written by Jane D’Arista and published by Edward Elgar Publishing. This book was released on 2018-08-31 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: All Fall Down traces the ways in which changes in financial structure and regulation eroded monetary control and led to historically high levels of debt relative to GDP in both developed and emerging economies. Rising stocks of debt drove the global financial system into crisis in 2008 when households, businesses, financial institutions and the public sector in some countries strained to generate sufficient income for debt service. The stagnation and fall in asset prices that followed began the process of unwinding that led to a run on the financial sector by the financial sector.
Download or read book Regulation and Deregulation in European Financial Services written by David Knights and published by Springer. This book was released on 1997-02-07 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the 1980s, deregulation became adopted as a slogan and set of practices which by setting market forces free could increase the efficiency of market systems. This was particularly the case in the financial services where national systems which had been closed through government and industry collaboration were now opened up to more internal and international competition. This book examines the consequences of deregulation in retail financial services. It shows that organisation and actors sought to adapt to this process, often with unexpected results.
Download or read book Capitalizing on Crisis written by Greta R. Krippner and published by Harvard University Press. This book was released on 2012-09-10 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the context of the recent financial crisis, the extent to which the U.S. economy has become dependent on financial activities has been made abundantly clear. In Capitalizing on Crisis, Greta Krippner traces the longer-term historical evolution that made the rise of finance possible, arguing that this development rested on a broader transformation of the U.S. economy than is suggested by the current preoccupation with financial speculation. Krippner argues that state policies that created conditions conducive to financialization allowed the state to avoid a series of economic, social, and political dilemmas that confronted policymakers as postwar prosperity stalled beginning in the late 1960s and 1970s. In this regard, the financialization of the economy was not a deliberate outcome sought by policymakers, but rather an inadvertent result of the state’s attempts to solve other problems. The book focuses on deregulation of financial markets during the 1970s and 1980s, encouragement of foreign capital into the U.S. economy in the context of large fiscal imbalances in the early 1980s, and changes in monetary policy following the shift to high interest rates in 1979. Exhaustively researched, the book brings extensive new empirical evidence to bear on debates regarding recent developments in financial markets and the broader turn to the market that has characterized U.S. society over the last several decades.
Download or read book Managed by the Markets written by Gerald F. Davis and published by OUP Oxford. This book was released on 2009-03-26 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current economic crisis reveals just how central finance has become to American life. Problems with obscure securities created on Wall Street radiated outward to threaten the retirement security of pensioners in Florida and Arizona, the homes and college savings of families in Detroit and Southern California, and ultimately the global economy itself. The American government took on vast new debt to bail out the financial system, while the government-owned investment funds of Kuwait, Abu Dhabi, Malaysia, and China bought up much of what was left of Wall Street. How did we get into this mess, and what does it all mean? Managed by the Markets explains how finance replaced manufacturing at the center of the American economy and how its influence has seeped into daily life. From corporations operated to create shareholder value, to banks that became portals to financial markets, to governments seeking to regulate or profit from footloose capital, to households with savings, pensions, and mortgages that rise and fall with the market, life in post-industrial America is tied to finance to an unprecedented degree. Managed by the Markets provides a guide to how we got here and unpacks the consequences of linking the well-being of society too closely to financial markets.
