Asymmetric Deregulation
Title | Asymmetric Deregulation PDF eBook |
Author | Eli M. Noam |
Publisher | Praeger |
Pages | 280 |
Release | 1994 |
Genre | Business & Economics |
ISBN |
For almost a century, a relatively smooth cooperation characterized transatlantic communication; problems mostly involved technical compatibility and were resolved by technologists of the monopolistic telephone organizations on either side of the Atlantic. In recent years, however, the nature of international communications, its institutions, and its collaborative arrangements have radically changed. There now exists a great variety in the patterns of ownership and usage of telecommunications across different countries. This has led to a disequilibrium in the world telecommunications market that raises complex questions: Can evolving domestic deregulation be reconciled with an international regulatory regime? How does international trade regulation affect multinational governmental cooperation and private collaboration? Is competition viable in all sectors of the international telecommunications industry?
Asymmetric Effects of Deregulation
Title | Asymmetric Effects of Deregulation PDF eBook |
Author | Wesley W. Wilson |
Publisher | |
Pages | 44 |
Release | 1992 |
Genre | Deregulation |
ISBN |
Learning from Deregulation
Title | Learning from Deregulation PDF eBook |
Author | Edward Ludwig Glaeser |
Publisher | |
Pages | 0 |
Release | 2020 |
Genre | COVID-19 (Disease) |
ISBN |
During the COVID-19 pandemic, states issued and then rescinded stay-at-home orders that restricted mobility. We develop a model of learning by deregulation, which predicts that lifting stay-at-home orders can signal that going out has become safer. Using restaurant activity data, we find that the implementation of stay-at-home orders initially had a limited impact, but that activity rose quickly after states' reopenings. The results suggest that consumers inferred from reopening that it was safer to eat out. The rational, but mistaken inference that occurs in our model may explain why a sharp rise of COVID-19 cases followed reopening in some states.
U.S. Bank Deregulation in Historical Perspective
Title | U.S. Bank Deregulation in Historical Perspective PDF eBook |
Author | Charles W. Calomiris |
Publisher | Cambridge University Press |
Pages | 392 |
Release | 2006-11-02 |
Genre | Business & Economics |
ISBN | 0521028388 |
This book shows how deregulation is transforming the size, structure, and geographic range of U.S. banks, the scope of banking services, and the nature of bank-customer relationships. Over the past two decades the characteristics that had made American banks different from other banks throughout the world--a fragmented geographical structure of the industry, which restricted the scale of banks and their ability to compete with one another, and strict limits on the kinds of products and services commercial banks could offer--virtually have been eliminated. Understanding the origins and persistence of the unique banking regulations that defined U.S. banking for over a century lends an important perspective on the economic and political causes and consequences of the current process of deregulation.
The Redistributive Effects of Financial Deregulation
Title | The Redistributive Effects of Financial Deregulation PDF eBook |
Author | Mr.Anton Korinek |
Publisher | International Monetary Fund |
Pages | 42 |
Release | 2013-12-17 |
Genre | Business & Economics |
ISBN | 148430795X |
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.
Regulation and Deregulation in Industrial Countries
Title | Regulation and Deregulation in Industrial Countries PDF eBook |
Author | Ralph Bradburd |
Publisher | World Bank Publications |
Pages | 132 |
Release | 1991 |
Genre | Deregulation |
ISBN |
How regulatory misdirection often derailed efforts to offset market failure in the United States, and the implications for policy in developing countries.
Contrived Competition
Title | Contrived Competition PDF eBook |
Author | Richard H. K. Vietor |
Publisher | Harvard University Press |
Pages | 474 |
Release | 1994 |
Genre | Business & Economics |
ISBN | 9780674169623 |
And Bank-America, caught short with bad loans and a deep recession in the early eighties, nearly failed before Sam Armacost and then Tom Clausen achieved an amazing turnaround in the mid-1980s.