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Economic Regulation and Its Reform
Author: Nancy L. Rose
Publisher: University of Chicago Press
Published: 2014-08-29
Total Pages: 619
ISBN-13: 022613816X
DOWNLOAD EBOOK →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.
Competition in Banking
Author: Günther Bröker
Publisher: Organisation for Economic Co-operation and Development ; Washington, D.C. : OECD Publications and Information Centre
Published: 1989
Total Pages: 250
ISBN-13:
DOWNLOAD EBOOK →Presents the results of an extensive enquiry into banking structures and regulations in OECD countries and assesses the most significant changes since the early sixty. Includes a history of deregulation and an inventory of relevant anti-trust laws, a set of definitions on financial regulation and competition policy and statistics on structural changes in financial systems.
Regulation and Deregulation in European Financial Services
Author: David Knights
Publisher: Springer
Published: 1997-02-07
Total Pages: 258
ISBN-13: 1349140007
DOWNLOAD EBOOK →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.
Current Challenges in Financial Regulation
Author: Stijn Claessens
Publisher: World Bank Publications
Published: 2006
Total Pages: 48
ISBN-13:
DOWNLOAD EBOOK →Financial intermediation and financial services industries have undergone many changes in the past two decades due to deregulation, globalization, and technological advances. The framework for regulating finance has seen many changes as well, with approaches adapting to new issues arising in specific groups of countries or globally. The objectives of this paper are twofold: to review current international thinking on what regulatory framework is needed to develop a financial sector that is stable, yet efficient, and provides proper access to households and firms; and to review the key experiences regarding international financial architecture initiatives, with a special focus on issues arising for developing countries. The paper outlines a number of areas of current debate: the special role of banks, competition policy, consumer protection, harmonization of rules-across products, within markets, and globally-and the adaptation and legitimacy of international standards to the circumstances facing developing countries. It concludes with some areas where more research would be useful.
International Regulatory Rivalry in Open Economies: The Impact of Deregulation on the US and UK Financial Markets
Author: Doha M. Abdelhamid
Publisher: Routledge
Published: 2017-11-01
Total Pages: 501
ISBN-13: 1351771337
DOWNLOAD EBOOK →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.
Bank Competition and Financial Stability
Global Financial Deregulation
Author: Itzhak Swary
Publisher: John Wiley & Sons
Published: 1992
Total Pages: 521
ISBN-13: 0631181881
DOWNLOAD EBOOK →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.
Financial Deregulation
Author: Alexis Drach
Publisher: Oxford University Press
Published: 2021-05-20
Total Pages: 240
ISBN-13: 0192598961
DOWNLOAD EBOOK →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.
Competition and Stability in Banking
Author: Marcel Canoy
Publisher:
Published: 2001
Total Pages: 174
ISBN-13:
DOWNLOAD EBOOK →The banking sector in Europe is subject to continuous change. Banks are taking up new types of business in order to diversify their risk; new players such as insurance companies, credit card providers, and non-financial companies enter market segments which used to be the territory of commercial banks; and banks increasingly operate outside their home country or merge with cross-border partners. These developments, triggered by new information technology, disintermediation, deregulation, and the arrival of the Euro, change the landscape in the banking sector and raise a number of policy issues. What are the implications for competition among banks? How can financial stability best be maintained in this changing market? Is there a conflict between increasing competition among banks and stability?
