Search Results for: democracy and diversity in financial market regulation

Democracy And Diversity In Financial Market Regulation

Democracy and Diversity in Financial Market Regulation PDF
Author: Nicholas Dorn
Publisher: Routledge
Size: 78.71 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 182
View: 3996

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Democracy And Diversity In Financial Market Regulation Book Description

by Nicholas Dorn, Democracy And Diversity In Financial Market Regulation Books available in PDF, EPUB, Mobi Format. Download Democracy And Diversity In Financial Market Regulation books, Financial markets have become acknowledged as a source of crisis, and discussion of them has shifted from economics, through legal and regulatory studies, to politics. Events from 2008 onwards raise important, cross-disciplinary questions: must financial markets drive states into political and existential crisis, must public finances take over private losses, must citizens endure austerity? This book argues that there is an alternative. If the financial system were less 'connected', contagion within the market would be reduced and crises would become more localised and intermittent, less global and pervasive. The question then becomes how to reduce connectedness within financial markets. This book argues that the democratic direction of financial market policies can deliver this. Politicising financial market policies – taking discussion of these issues out of the sphere of the 'technical' and putting it into the same democratically contested space as, for example, health and welfare policies – would encourage differing policies to emerge in different countries. Diversity of regulatory regimes would result in some business models being attracted to some jurisdictions, others to others. The resulting heterogeneity, when viewed from a global perspective, would be a reversal of recent and current tendencies towards one single/global 'level playing field', within which all financial firms and sectors have become closely connected and across which contagion inevitably reigns. No doubt the democratisation of financial market policy would be opposed by big firms – their interests being served by regulatory convergence – and considered macabre by some financial regulators and central bankers, who are coalescing into an elite community. However, everyone else, Nicholas Dorn argues here, would be better off in a financial world characterised by greater diversity.


The Routledge Companion To Banking Regulation And Reform

The Routledge Companion to Banking Regulation and Reform PDF
Author: Ismail Ertürk
Publisher: Routledge
Size: 44.23 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 436
View: 5633

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The Routledge Companion To Banking Regulation And Reform Book Description

by Ismail Ertürk, The Routledge Companion To Banking Regulation And Reform Books available in PDF, EPUB, Mobi Format. Download The Routledge Companion To Banking Regulation And Reform books, 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.


Law Reform And Financial Markets

Law Reform and Financial Markets PDF
Author: K. Alexander
Publisher: Edward Elgar Publishing
Size: 43.36 MB
Format: PDF, ePub, Mobi
Category : Law
Languages : en
Pages : 352
View: 5942

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Law Reform And Financial Markets Book Description

by K. Alexander, Law Reform And Financial Markets Books available in PDF, EPUB, Mobi Format. Download Law Reform And Financial Markets books, Law Reform and Financial Markets addresses how law reform can be used to support strong financial markets and draws on the Global Financial Crisis as a case study. This edited collection reflects recent developments, including the EU institutional reforms and Dodd-Frank Act 2010. The different contributions adopt a range of theoretical, contextual, and substantive perspectives, examine different domestic, regional, and international contexts and assess public and private law frameworks in considering how legal and regulatory reforms can be most effectively designed for strong financial markets. This comprehensive book will appeal to academics and postgraduates in the field of financial regulation and in cognate fields, including finance and economics, as well as to regulators and policymakers.


Accountability And Regulatory Governance

Accountability and Regulatory Governance PDF
Author: A. Bianculli
Publisher: Springer
Size: 32.64 MB
Format: PDF, ePub, Docs
Category : Political Science
Languages : en
Pages : 294
View: 4030

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Accountability And Regulatory Governance Book Description

by A. Bianculli, Accountability And Regulatory Governance Books available in PDF, EPUB, Mobi Format. Download Accountability And Regulatory Governance books, This collection improves our understanding of the problems associated to accountability in regulatory governance, focusing on audiences, controls and responsibilities in the politics of regulation and through a systematic exploration of the various mechanisms through which accountability in regulatory governance


Unity With Diversity In The European Economy

Unity with Diversity in the European Economy PDF
Author: JORGE BORGES DE MACEDO
Publisher: Cambridge University Press
Size: 73.18 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 368
View: 3966

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Unity With Diversity In The European Economy Book Description

by JORGE BORGES DE MACEDO, Unity With Diversity In The European Economy Books available in PDF, EPUB, Mobi Format. Download Unity With Diversity In The European Economy books, This 1990 book examines the theoretical issues of integration and the impact of diverse economic regions into the European Community.


Exchange And Regulation In European Capital Markets

Exchange and Regulation in European Capital Markets PDF
Author: Markus Lederer
Publisher: Lit Verlag
Size: 47.76 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 299
View: 2029

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Exchange And Regulation In European Capital Markets Book Description

by Markus Lederer, Exchange And Regulation In European Capital Markets Books available in PDF, EPUB, Mobi Format. Download Exchange And Regulation In European Capital Markets books, This book explores how the "wild beast" of finance may be best understood and controlled. Using the framework of exchange and regulation, European capital markets are analyzed, and it is shown that a common European area of financial exchange has developed. Relative to financial regulation, it is evident that the EU has become the most dominant rule-setter and the regulation established can be interpreted as being of a statutory kind. As it presents the shortcomings of this process, this volume proposes the establishment of a more transparent mega-regulator to control all financial market segments and financial agents. Markus Lederer is a researcher at the University of Munich.


Controlling Capital

Controlling Capital PDF
Author: Nicholas Dorn
Publisher: Routledge
Size: 30.17 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 230
View: 2199

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Controlling Capital Book Description

by Nicholas Dorn, Controlling Capital Books available in PDF, EPUB, Mobi Format. Download Controlling Capital books, Controlling Capital examines three pressing issues in financial market regulation: the contested status of public regulation, the emergence of ‘culture’ as a proposed modality of market governance, and the renewed ascendancy of private regulation. In the years immediately following the outbreak of crisis in financial markets, public regulation seemed almost to be attaining a position of command – the robustness and durability of which is explored here in respect of market conduct, European Union capital markets union, and US and EU competition policies. Subsequently there has been a softening of command and a return to public-private co-regulation, positioned within a narrative on culture. The potential and limits of culture as a regulatory resource are unpacked here in respect of occupational and organisational aspects, stakeholder connivance and wider political embeddedness. Lastly the book looks from both appreciative and critical perspectives at private regulation, through financial market associations, arbitration of disputes and, most controversially, market ‘policing’ by hedge funds. Bringing together a distinguished group of international experts, this book will be a key text for all those concerned with issues arising at the intersection of financial markets, law, culture and governance.


Domestic Regulation And Service Trade Liberalization

Domestic Regulation and Service Trade Liberalization PDF
Author: Pierre Sauve
Publisher: World Bank Publications
Size: 24.44 MB
Format: PDF, Mobi
Category : Political Science
Languages : en
Pages : 244
View: 6764

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Domestic Regulation And Service Trade Liberalization Book Description

by Pierre Sauve, Domestic Regulation And Service Trade Liberalization Books available in PDF, EPUB, Mobi Format. Download Domestic Regulation And Service Trade Liberalization books, Trade in services, far more than trade in goods, is affected by a variety of domestic regulations, ranging from qualification and licensing requirements in professional services to pro-competitive regulation in telecommunications services. Experience shows that the quality of regulation strongly influences the consequences of trade liberalization. WTO members have agreed that a central task in the ongoing services negotiations will be to develop a set of rules to ensure that domestic regulations support rather than impede trade liberalization. Since these rules are bound to have a profound impact on the evolution of policy, particularly in developing countries, it is important that they be conducive to economically rational policy-making. This book addresses two central questions: What impact can international trade rules on services have on the exercise of domestic regulatory sovereignty? And how can services negotiations be harnessed to promote and consolidate domestic policy reform across highly diverse sectors? The book, with contributions from several of the world's leading experts in the field, explores a range of rule-making challenges arising at this policy interface, in areas such as transparency, standards and the adoption of a necessity test for services trade. Contributions also provide an in-depth look at these issues in the key areas of accountancy, energy, finance, health, telecommunications and transportation services.


Canadian Public Budgeting In The Age Of Crises

Canadian Public Budgeting in the Age of Crises PDF
Author: G. Bruce Doern
Publisher: McGill-Queen's Press - MQUP
Size: 32.87 MB
Format: PDF
Category : Political Science
Languages : en
Pages : 288
View: 511

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Canadian Public Budgeting In The Age Of Crises Book Description

by G. Bruce Doern, Canadian Public Budgeting In The Age Of Crises Books available in PDF, EPUB, Mobi Format. Download Canadian Public Budgeting In The Age Of Crises books, In the aftermath of the 2008 financial crunch, a pending era of budgetary austerity looms over Canada. Canadian Public Budgeting in the Age of Crises provides a roadmap through the difficult fiscal decisions that have characterized contemporary federal politics across four decades. The authors provide an accessible and comprehensive overview of the constraints that have affected budgetary outcomes in the recent past and that will affect the near future, with analysis spanning micro, macro, social, environmental, and intergenerational domains. They examine the current Harper government's Conservative era, but also look at public budgeting under Chrétien, Mulroney, and Trudeau. Set in the crucial context of macroeconomic policy shifts and in a global comparative context, Canadian Public Budgeting in the Age of Crises broadens and deepens our understanding of government spending, borrowing, and taxing. Budgetary domains - complex realms of fiscal content, choice, and governance - are introduced and balanced against an analysis of these domains with pertinent and up-to-date discussions on institutional influences, dominant actors, and shifting power imbalances.