Download or read book Essays on the Unintended Consequences of Banking Regulation written by John Patrick Ned and published by . This book was released on 2017 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Post crisis Commercial Banking written by Wesley Blake Marsh and published by . This book was released on 2016 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation seeks to contribute to the understanding of the effect of regulation on bank behavior. Following the 2007-2009 financial crisis and the subsequent recession, bank regulators proposed a drastic overhaul of the financial system and their regulatory powers. Commercial banks, in particular, were required to hold higher levels of capital and liquidity and were subject to increased oversight of their business activities. Each chapter of this dissertation examines the effects of a particular aspect of these regulatory changes. Chapter 2 finds that U.S.-based capital and liquidity buffers may help to mitigate the effects of shocks originating abroad on U.S. loan markets. It finds that banks more closely tied to their foreign parents exhibit greater reductions in commercial loan exposures than banks with U.S.-based buffers. Chapter 3 examines the effect of regulatory guidance issued just prior to the crisis that targeted commercial real estate lending. Similar guidance has become more commonplace following the financial crisis. The results indicate that while the affected banks reduced lending in the targeted asset class, there were spillovers into other loan categories, suggesting that "macroprudential" regulations targeting specific asset buildups may have unintended consequences. Finally, Chapter 4 examines the effect of including fluctuations in the price of securities in banks' regulatory capital. This study finds that securities price volatility rises during times of interest rate and macroeconomic instability, suggesting that regulators may be prudent to require banks to hold capital against such price variations. Overall, the dissertation contributes to the understanding of the various and wide-ranging regulatory changes that regulators have implemented since the financial crisis. This is achieved by exploiting previously unused historical information, in the form of data or pre-crisis era regulatory actions, which shed light on the outcomes that we may expect from these new regulations.
Download or read book Essays in Banking Regulation written by Maryam Kazemi Manesh and published by . This book was released on 2011 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Banking Regulation Macroeconomic Dynamics and Financial Volatility written by Roy Zilberman and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on the Economic Consequences of Mandatory IFRS Reporting around the world written by Ulf Brüggemann and published by Springer Science & Business Media. This book was released on 2011-08-31 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ulf Brüggemann discusses and empirically investigates the economic consequences of mandatory switch to IFRS. He provides evidence that cross-border investments by individual investors increased following the introduction of IFRS.
Download or read book Unintended Consequences written by Edward Conard and published by Penguin. This book was released on 2013-04-30 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Was our country’s economic success before the Crash of ‘08 built on false pretenses? Did we simply borrow and spend too much, or was something else really going on? The conventional wisdom now accuses Wall Street and the mortgage industry of using predatory tactics to seduce homeowners. Meanwhile, average Americans are blamed for increasing consumption to unsustainable levels by borrowing recklessly. And the tax policies of the Reagan and Bush administrations are blamed for encouraging reckless risk-taking. Edward Conard disagrees. In an attempt to set the record straight he presents a fascinating new case for how the economy really works, why the U.S. has outperformed other countries, what caused the financial crisis, and what improvements might better protect our economy without damaging growth.
Download or read book The Routledge Companion to Banking Regulation and Reform written by Ismail Ertürk and published by Routledge. This book was released on 2016-10-04 with total page 411 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Routledge Companion to Banking Regulation and Reform provides a prestigious cutting edge international reference work offering students, researchers and policy makers a comprehensive guide to the paradigm shift in banking studies since the historic financial crisis in 2007. The transformation in banking over the last two decades has not been authoritatively and critically analysed by the mainstream academic literature. This unique collection brings together a multi-disciplinary group of leading authorities in the field to analyse and investigate post-crisis regulation and reform. Representing the wide spectrum of non-mainstream economics and finance, topics range widely from financial innovation to misconduct in banking, varieties of Eurozone banking to reforming dysfunctional global banking as well as topical issues such as off-shore financial centres, Libor fixing, corporate governance and the Dodd-Frank Act. Bringing together an authoritative range of international experts and perspectives, this invaluable body of heterodox research work provides a comprehensive compendium for researchers and academics of banking and finance as well as regulators and policy makers concerned with the global impact of financial institutions.
Download or read book Visions of Financial Order written by Kim Pernell and published by Princeton University Press. This book was released on 2024-08-13 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: How differences in national financial regulatory systems emerged from divergent beliefs about economic order and prosperity The global financial crisis of the late 2000s was marked by the failure of regulators to rein in risk-taking by banks. And yet regulatory issues varied from country to country, with some national financial regulatory systems proving more effective than others. In Visions of Financial Order, Kim Pernell traces the emergence of important national differences in financial regulation in the decades leading up to the crisis. To do so, she examines the cases of the United States, Canada, and Spain—three countries that subscribed to the same transnational regulatory framework (the Basel Capital Accord) but developed different regulatory policies in areas that would directly affect bank performance during the financial crisis. In a broad historical analysis that extends from the rise of the first modern chartered banks in the 1780s through the major financial crises of the twentieth century and the Basel Capital Accord of 1988, Pernell shows how the different (and sometimes competing) principles of order embedded in each country’s regulatory and political institutions gave rise to distinctive visions of order and prosperity, which shaped subsequent financial regulatory design. Pernell argues that the different worldviews of national banking regulators reflected cultural beliefs about the ideal way to organize economic life to promote order, stability, and prosperity. Visions of Financial Order offers an innovative perspective on the persistent differences between regulatory institutions and the ways they shaped the unfolding of the 2008 global financial crisis.
Download or read book The fundamental principles of financial regulation written by Markus Konrad Brunnermeier and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays on the Industrial Organization of Financial Markets written by David F. Andrade and published by . This book was released on 1997 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book When States Go Broke written by Peter Conti-Brown and published by Cambridge University Press. This book was released on 2012-05-21 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: When States Go Broke discusses the ongoing fiscal crisis among the American states.
Download or read book Challenging the Innovation Paradigm written by Karl-Erik Sveiby and published by Routledge. This book was released on 2012-05-04 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Innovation is almost always seen as a "good thing". Challenging the Innovation Paradigm is a critical analysis of the innovation frenzy and contemporary innovation research. The one-sided focus on desirable effects of innovation misses many opportunities to reduce the undesirable consequences. Authors in this book show how systemic effects outside the innovating firms reduce the net benefits of innovation for individual employees, customers, as well as for society as a whole - also the innovators' own organizations. This book analyzes the dominant discourses that construct and reconstruct the assumptions and one-sidedness of contemporary innovation research (generally known as the pro-innovation bias) by focusing on consequences of innovation, distinguishing between intended and unintended as well as desirable and undesirable consequences. Contributors illustrate how both the discourses of innovation and the consequences of innovation permeate all levels of society: in policy discourse, in academic discourse, in research funding, in national innovation systems, in the financial sector, in organizational and work contexts, and in environmental pollution. The volume offers a critical, multidisciplinary, and multinational perspective on the topic, with authors from diverse academic fields examining and making comparisons between a variety of national contexts.
Download or read book Journal of Economic Literature written by and published by . This book was released on 2003 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Capital Flows Financial Markets and Banking Crises written by Chia-Ying Chang and published by Taylor & Francis. This book was released on 2017-04-21 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: The increasing capital flows in the emerging markets and developed countries have raised various concerns worldwide. One main concern is the impact of the sharp decline of capital flows – so-called sudden stops – on financial markets and the stability of banking systems and the economy. The sudden stops and banking crises have been identified as the two main features of most financial crises, including the recent Asian Financial Crisis and Global Financial Crisis. However, how capital flows and banking crises are connected still remains unanswered. Most current studies on capital flows are empirical work, which faces various challenges. The challenges include how data has been collected and measured in each country and how sensitive the results are to the data and the adopted methodologies. Moreover, the links between capital flows and banking systems have been neglected. This book helps provide some insight into the challenges faced by empirical studies and the lessons of the recent crises. The book develops theoretical analysis to deepen our understanding on how capital flows, banking systems and financial markets are linked with each other and provides constructive policy implications by overcoming the empirical challenges.
Download or read book Critique of the New Consensus Macroeconomics and Implications for India written by Dilip M. Nachane and published by Springer. This book was released on 2018-11-02 with total page 407 pages. Available in PDF, EPUB and Kindle. Book excerpt: The thought-provoking book presents alternative viewpoints to mainstream macroeconomic theory, questions conventional policy wisdom and suggests a systematic re-orientation of current macroeconomic and financial regulatory policies in India. The New Consensus Macroeconomics (NCM), which established itself in the 1980s as mainstream macroeconomics, essentially represents an “uneasy truce” between two dominant schools of economic thought viz. New Classical and Neo-Keynesian economics. The NCM sets the tone for much of the macroeconomic (especially monetary) policy followed by the advanced economies in the period of the Great Moderation (1990–2005). The recent global crisis has posed a major challenge to the NCM as empirical models based on the NCM failed to anticipate the occurrence of the crisis and later its extent and severity. The above considerations constitute the underpinnings of this book, which addresses the theoretical controversies within a general context and their policy implications for India. The authors’ analysis leads to a somewhat critical assessment of the financial sector policies followed in India since the initiation of reforms in 1991. This makes the book a valuable resource not only for researchers working in this area, but also for policy makers.
Download or read book OECD Reviews of Regulatory Reform Risk and Regulatory Policy Improving the Governance of Risk written by OECD and published by OECD Publishing. This book was released on 2010-05-06 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication presents recent OECD papers on risk and regulatory policy. They offer measures for developing, or improving, coherent risk governance policies.
Download or read book American Doctoral Dissertations written by and published by . This book was released on 2001 with total page 776 pages. Available in PDF, EPUB and Kindle. Book excerpt:
