Regulation, Deregulation, Reregulation

Regulation, Deregulation, Reregulation PDF

Author: Alan Gart

Publisher: Wiley

Published: 1993-12-16

Total Pages: 440

ISBN-13: 9780471580522

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How insightful is Alan Gart's Regulation, Deregulation, Reregulation? "This book is a must for anyone who wishes to chart the future of a radically changing financial industry It contains the most comprehensive histories in a single source of the banking, insurance, and securities companies; what has brought them to their current strains, and what the group is likely to look like a decade from now. It looks like a winner." --Ben Weberman, Columnist Forbes magazine "[Alan Gart] gives the reader an excellent feeling of the past, which has caused the situation we are presently in, and more importantly, gives us an excellent view of the future." --L.J. "Bud" Rowell, Jr., President and CEO Provident Mutual "A valuable compendium of important events in the history of the financial services industry. No one--student, banker, or regulator--should be without it." --Irwin L. Kellner, Chief Economist Chemical Bank "A monumental effort.Alan Gart knows banking." --Terrence A. Larsen, Chairman CoreStates Financial Group "An informative, substantive, and provocative discussion of the financial services industry. This is a stimulating, even exciting, tour de force." --Leonard Berwick, Chairman/CEO First City Bankers "Regulation, Deregulation, Reregulation is an illuminating and intriguing account of the dynamics of change taking place within the financial services industry." --Larry A. Frieder, PhD, Professor of Banking Florida Agricultural and Mechanical University

Regulation, Deregulation, Reregulation

Regulation, Deregulation, Reregulation PDF

Author: Claude Ménard

Publisher: Edward Elgar Publishing

Published: 2009

Total Pages: 405

ISBN-13: 1848449283

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After 25 years of industry restructuring, regulatory reform and deregulation across many industrial sectors in many countries, it is an appropriate time to take stock of the impacts of these reforms on consumers, producers and overall economic performance. This book contains the latest thinking on these issues by a distinguished international group of scholars. It s a collection of essays for our time that is well worth reading. Paul L. Joskow, Massachusetts Institute of Technology, US The most exciting development in the study of regulation in the past quarter century is research on the incentives that are created by the details of the procedures for creating and enforcing regulatory rules. This book brings together a rich collection of studies that collectively advance our understanding of the effect of regulatory governance on the performance of regulated firms, with important lessons about how to design more effective regulatory instruments and processes. Roger G. Noll, Stanford University, US Cycles of poorly-designed or weakly-enforced regulation, disappointing performance and political over-reaction are now familiar to students of regulated industries. Nourished by recent developments in the economics of incentives, including their transaction costs and property rights dimensions, and written by renowned experts in the field, Regulation, Deregulation, Reregulation is a must-read for all those interested in the economics and politics of regulation. A timely book, the publication of which coincides with the designing of a post-subprime regulatory framework for the financial industry. Jean Tirole, Toulouse School of Economics, France Building on Oliver Williamson s original analysis, the contributors introduce new ideas, different perspectives and provide tools for better understanding changes in the approach to regulation, the reform of public utilities, and the complex problems of governance. They draw largely upon a transaction cost approach, highlighting the challenges faced by major economic sectors and identifying critical flaws in prevailing views on regulation. Deeply rooted in sector analysis, the book conveys a central message of new institutional economics: that theory should be continuously confronted by facts, and reformed or revolutionized accordingly. With its emphasis on the institutional embeddedness of regulatory issues and the problems generated by the benign neglect of institutional factors in the reform of major public utilities, this book will provide a wide-ranging audience with challenging views on the dynamics of regulatory approaches. Economists, political scientists, postgraduate students, researchers and policymakers with an interest in institutional economics and economic organization will find the book to be a stimulating and enlightening read.

Regulation, Deregulation, Re-regulation

Regulation, Deregulation, Re-regulation PDF

Author: Kenneth A. Armstrong

Publisher:

Published: 2000

Total Pages: 122

ISBN-13:

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This book examines the normative issues associated with attempts to reform the structures and processes through which the EU governs. The first of the three essays in the book considers attempts to improve the quality of EU legislation, focusing in particular upon the possibilities and limitations that are inherent in the subsidiarity principle. The normative issues associated with the contracting-out of negotiations to European-level ""social partners"" are considered in the second essay. Finally, the third analyses the 1999 reforms to the ""comitology"" system. Kenneth Armstrong argues that only when such issues are placed in the context of a system of multi-level governance with an attendant multi-level constitutionalism, can the possibilities for legitimization and de-legitimization be understood.

The Palgrave Encyclopedia of Strategic Management

The Palgrave Encyclopedia of Strategic Management PDF

Author:

Publisher: Palgrave Macmillan

Published: 2018-05-04

Total Pages: 0

ISBN-13: 9780230537217

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The Palgrave Encyclopedia of Strategic Management has been written by an international team of leading academics, practitioners and rising stars and contains almost 550 individually commissioned entries. It is the first resource of its kind to pull together such a comprehensive overview of the field and covers both the theoretical and more empirically/practitioner oriented side of the discipline.

Freer Markets, More Rules

Freer Markets, More Rules PDF

Author: Steven K. Vogel

Publisher: Cornell University Press

Published: 2018-05-31

Total Pages: 313

ISBN-13: 1501717308

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Over the past fifteen years, the United States, Western Europe, and Japan have transformed the relationship between governments and corporations. The changes are complex and the terms used to describe them often obscure the reality. In Freer Markets, More Rules, Steven K. Vogel dispenses with euphemisms and makes sense of this recent transformation. In defiance of conventional wisdom, Vogel contends that the deregulation revolution of the 1980s and 1990s never happened. The advanced industrial countries moved toward liberalization or freer markets at the same time that they imposed reregulation or more rules. Moreover, the countries involved did not converge in regulatory practice but combined liberalization and reregulation in markedly different ways. The state itself, far more than private interest groups, drove the process of regulatory reform. Thus, the story of deregulation is one rich in paradox: a movement aimed at reducing regulation increased it; a movement propelled by global forces reinforced national differences; and a movement that purported to reduce state power was led by the state itself. Vogel's astute and far-reaching analysis compares deregulation in Britain and Japan, with special attention to the telecommunication and financial services industries. He also considers such important sectors as broadcasting, transportation, and utilities in the United States, France, and Germany.

Deregulation and Its Discontents

Deregulation and Its Discontents PDF

Author: M. Ramesh

Publisher: Edward Elgar Publishing

Published: 2006-01-01

Total Pages: 265

ISBN-13: 1847201806

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. . . an extremely interesting collection, full of insights and institutional detail. . . The book definitely deserves the attention of those interested in one of the most debated issues of the last 20 years in economics and political science. Herb Thompson, Journal of Contemporary Asia Deregulation and its Discontents examines the different ways in which the issues related to deregulation and reregulation have been addressed in Asia. The role of government in business has gone through distinct, if overlapping, cycles: regulation, deregulation and reregulation. However, little is known about deregulation and even less about reregulation, particularly in relation to Asia. The contributors to this book examine the links between the cycles through detvailed analyses of the electricity market, pensions and stock markets in the Asia Pacific. They also offer an explanation of regulatory cycles. This unique and inter-disciplinary book is thoroughly accessible and will be suitable for specialist as well as non-specialist readers. It will appeal to academics and researchers of public sector economics, Asian studies and the political economy of Asia in particular as well as public officials dealing with regulatory issues.

Regulatory Capitalism

Regulatory Capitalism PDF

Author: John Braithwaite

Publisher: Edward Elgar Publishing

Published: 2008

Total Pages: 261

ISBN-13: 1848441266

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In this sprawling and ambitious book John Braithwaite successfully manages to link the contemporary dynamics of macro political economy to the dynamics of citizen engagement and organisational activism at the micro intestacies of governance practices. This is no mean feat and the logic works. . . Stephen Bell, The Australian Journal of Public Administration Everyone who is puzzled by modern regulocracy should read this book. Short and incisive, it represents the culmination of over twenty years work on the subject. It offers us a perceptive and wide-ranging perspective on the global development of regulatory capitalism and an important analysis of points of leverage for democrats and reformers. Christopher Hood, All Souls College, Oxford, UK It takes a great mind to produce a book that is indispensable for beginners and experts, theorists and policymakers alike. With characteristic clarity, admirable brevity, and his inimitable mix of description and prescription, John Braithwaite explains how corporations and states regulate each other in the complex global system dubbed regulatory capitalism. For Braithwaite aficionados, Regulatory Capitalism brings into focus the big picture created from years of meticulous research. For Braithwaite novices, it is a reading guide that cannot fail to inspire them to learn more. Carol A. Heimer, Northwestern University, US Reading Regulatory Capitalism is like opening your eyes. John Braithwaite brings together law, politics, and economics to give us a map and a vocabulary for the world we actually see all around us. He weaves together elements of over a decade of scholarship on the nature of the state, regulation, industrial organization, and intellectual property in an elegant, readable, and indispensable volume. Anne-Marie Slaughter, Princeton University, US Encyclopedic in scope, chock full of provocative even jarring claims, Regulatory Capitalism shows John Braithwaite at his transcendental best. Ian Ayres, Yale Law School, Yale University, US Contemporary societies have more vibrant markets than past ones. Yet they are more heavily populated by private and public regulators. This book explores the features of such a regulatory capitalism, its tendencies to be cyclically crisis-ridden, ritualistic and governed through networks. New ways of thinking about resultant policy challenges are developed. At the heart of this latest work by John Braithwaite lies the insight by David Levi-Faur and Jacint Jordana that the welfare state was succeeded in the 1970s by regulatory capitalism. The book argues that this has produced stronger markets, public regulation, private regulation and hybrid private/public regulation as well as new challenges such as a more cyclical quality to crises of market and governance failure, regulatory ritualism and markets in vice. However, regulatory capitalism also creates opportunities for better design of markets in virtue such as markets in continuous improvement, privatized enforcement of regulation, open source business models, regulatory pyramids with networked escalation and meta-governance of justice. Regulatory Capitalism will be warmly welcomed by regulatory scholars in political science, sociology, history, economics, business schools and law schools as well as regulatory bureaucrats, policy thinkers in government and law and society scholars.

Regulatory Cycles: Revisiting the Political Economy of Financial Crises

Regulatory Cycles: Revisiting the Political Economy of Financial Crises PDF

Author: Jihad Dagher

Publisher: International Monetary Fund

Published: 2018-01-15

Total Pages: 89

ISBN-13: 1484337743

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Financial crises are traditionally analyzed as purely economic phenomena. The political economy of financial booms and busts remains both under-emphasized and limited to isolated episodes. This paper examines the political economy of financial policy during ten of the most infamous financial booms and busts since the 18th century, and presents consistent evidence of pro-cyclical regulatory policies by governments. Financial booms, and risk-taking during these episodes, were often amplified by political regulatory stimuli, credit subsidies, and an increasing light-touch approach to financial supervision. The regulatory backlash that ensues from financial crises can only be understood in the context of the deep political ramifications of these crises. Post-crisis regulations do not always survive the following boom. The interplay between politics and financial policy over these cycles deserves further attention. History suggests that politics can be the undoing of macro-prudential regulations.