Global Financial Deregulation
Title | Global Financial Deregulation PDF eBook |
Author | Itzhak Swary |
Publisher | John Wiley & Sons |
Pages | 521 |
Release | 1992 |
Genre | Banks and banking |
ISBN | 0631181881 |
Financial institutions in developed countries have undergone a profound structural change in recent years. As a result, banking has become internationalized and competition has intensified within vast and complex markets for a range of financial services. This book reviews these changes.
International Banking Deregulation
Title | International Banking Deregulation PDF eBook |
Author | Richard Dale |
Publisher | John Wiley & Sons |
Pages | 221 |
Release | 1992 |
Genre | Banking law. |
ISBN | 0631160574 |
Considers the new global banking and financial systems which have become the subject of an unprecedented experiment involving new and unquantifiable risks. Based on up to the minute research, Dale offers a warning about structural faults at the heart of banking systems worldwide.
Financial Deregulation
Title | Financial Deregulation PDF eBook |
Author | Alexis Drach |
Publisher | Oxford University Press |
Pages | 240 |
Release | 2021-05-20 |
Genre | Business & Economics |
ISBN | 0192598961 |
A wave of liberalization swept the developed world at end of the twentieth century. From the 1970s and 1980s onwards, most developed countries have passed various measures to liberalize and modernize the financial markets. Each country had its agenda, but most of them have experienced, to a different extent, a change in regulatory regime. This change, often labeled deregulation and associated with the advent of neoliberalism, was sharply contrasting with the previous era of the Bretton Woods system, which has sometimes been portrayed as an era of financial repression. On the other hand, a quick glance at financial regulation today - at the amount of paper it produces, at its complexity, at the number of people involved, and at the resources invested in it - is enough to say that, somehow, there is more regulation today than ever before. In the new system, financial regulation has taken unprecedented importance. As more archival material is becoming available, a better understanding of the fundamental changes in the regulatory environment towards the end of the twentieth century is now possible. What kind of change exactly was deregulation? Did competition between financial regulators lead to a race to the bottom in regulation? Is deregulation responsible for the recurring financial crises which seem to have characterised the international financial system since the 1980s? The movement towards a more liberal regulatory regime was neither linear nor simple. This book - a collection of chapters studying deregulation in various countries and contexts - examines the national and international pathways of deregulation by providing an in-depth analysis of a short but crucial period in a few major countries.
Economic Regulation and Its Reform
Title | Economic Regulation and Its Reform PDF eBook |
Author | Nancy L. Rose |
Publisher | University of Chicago Press |
Pages | 619 |
Release | 2014-08-29 |
Genre | Business & Economics |
ISBN | 022613816X |
The past thirty years have witnessed a transformation of government economic intervention in broad segments of industry throughout the world. Many industries historically subject to economic price and entry controls have been largely deregulated, including natural gas, trucking, airlines, and commercial banking. However, recent concerns about market power in restructured electricity markets, airline industry instability amid chronic financial stress, and the challenges created by the repeal of the Glass-Steagall Act, which allowed commercial banks to participate in investment banking, have led to calls for renewed market intervention. Economic Regulation and Its Reform collects research by a group of distinguished scholars who explore these and other issues surrounding government economic intervention. Determining the consequences of such intervention requires a careful assessment of the costs and benefits of imperfect regulation. Moreover, government interventions may take a variety of forms, from relatively nonintrusive performance-based regulations to more aggressive antitrust and competition policies and barriers to entry. This volume introduces the key issues surrounding economic regulation, provides an assessment of the economic effects of regulatory reforms over the past three decades, and examines how these insights bear on some of today’s most significant concerns in regulatory policy.
The Deregulation of the World Financial Markets
Title | The Deregulation of the World Financial Markets PDF eBook |
Author | Sarkis Khoury |
Publisher | Praeger |
Pages | 280 |
Release | 1990-06-22 |
Genre | Business & Economics |
ISBN |
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.
International Regulatory Rivalry in Open Economies: The Impact of Deregulation on the US and UK Financial Markets
Title | International Regulatory Rivalry in Open Economies: The Impact of Deregulation on the US and UK Financial Markets PDF eBook |
Author | Doha M. Abdelhamid |
Publisher | Routledge |
Pages | 501 |
Release | 2017-11-01 |
Genre | Social Science |
ISBN | 1351771337 |
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.
The Changing Face of American Banking
Title | The Changing Face of American Banking PDF eBook |
Author | Ranajoy Ray Chaudhuri |
Publisher | |
Pages | 0 |
Release | 2014 |
Genre | Banking law |
ISBN | 9781349551651 |
With almost 6,300 commercial banks, significantly more than in any other country, the world of US banking is unique, fascinating, and always in flux. Two principal pieces of legislation have shaped the banking structure in this country: The McFadden Act of 1927, which prohibited banks from branching into other states, and The Glass-Steagall Act of 1933, which separated commercial and investment banking activities. The repeal of the Glass-Steagall Act in 1999 was one of the main contributing factors behind the global financial crisis of 2008. This measure resulted in the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which once again prohibited commercial banks from making certain types of speculative investments. The Changing Face of American Banking analyzes the impact of both these acts - as well as that of their subsequent repeal - in depth, examining the real effects of government regulations on the US commercial banking sector. Ray Chaudhuri pinpoints the evolving nature of US commercial banks and banking regulations and explores their impact on the economy. Instead of just focusing on banks and regulations, this work considers the correlations and causality between banking performance and economic growth and productivity. It also brings the banking literature up to date with the 2008-2009 financial crisis and its aftermath, including the passage of the Dodd-Frank Act of 2010 and its effect on American banking.