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Author : Albert Verheirstraeten
Publisher : Springer
ISBN 13 : 1349055859
Total Pages : 302 pages
Book Rating : 4.3/5 (49 download)
Download or read book Competition and Regulation in Financial Markets written by Albert Verheirstraeten and published by Springer. This book was released on 1981-06-18 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : A. Verheirstraeten
Publisher :
ISBN 13 :
Total Pages : 282 pages
Book Rating : 4.:/5 (119 download)
Download or read book Competition and Regulation in Financial Markets written by A. Verheirstraeten and published by . This book was released on 1981 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Lawrence R. Klein
Publisher : John Wiley & Sons
ISBN 13 : 1118236866
Total Pages : 403 pages
Book Rating : 4.1/5 (182 download)
Download or read book Regulating Competition in Stock Markets written by Lawrence R. Klein and published by John Wiley & Sons. This book was released on 2012-04-25 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide to curbing monopoly power in stock markets Engaging and informative, Regulating Competition in Stock Markets skillfully analyzes the impact of the recent global financial crisis on health and happiness, and uses this opportunity to put regulatory systems in perspective. Happiness is lost because of emotional and physical health deterioration resulting from the crisis. Therefore, the authors conclude that financial crisis prevention should be the focus of public policy. This book is the most comprehensive study so far on potential risks to the stock market, especially various forms of market manipulation that lead to mania and eventual crisis. Based on litigation cases from international stock markets, and borrowing multidisciplinary findings in the fields of finance, economics, accounting, media studies, criminology, legal studies, psychology, and medicine, this book is the first to provide thorough micro-level regulatory proposals rooted in financial reality. By focusing on securities trading, they apply antitrust measures to limiting monopolistic power that is used for the manipulation of investors' perception and monopolistic profit. These proposals are quantifiable, adjustable, inexpensive, and can be easily implemented by any securities regulating agency for real-time oversight and daily operations. The recommendations found here are intended to improve the fairness and transparency of the financial markets, thereby perfecting the market competition, protecting investors, stabilizing the market, and preventing crises Explores how avoiding crises can to contribute to a more scientific, health aware, and civilized economic and social development Written by a team of authors who have extensive experience in this dynamic field, including Nobel Laureate Lawrence R. Klein Since the founding of the first, organized stock exchange in Amsterdam 400 years ago, no systematic economic research results on stock markets have been implemented in stock market regulation around the world. Regulating Competition in Stock Markets aims to fill this void.
Author : Xavier Vives
Publisher : Princeton University Press
ISBN 13 : 0691210039
Total Pages : 344 pages
Book Rating : 4.6/5 (912 download)
Download or read book Competition and Stability in Banking written by Xavier Vives and published by Princeton University Press. This book was released on 2020-11-03 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: A distinguished economist examines competition, regulation, and stability in today's global banks Does too much competition in banking hurt society? What policies can best protect and stabilize banking without stifling it? Institutional responses to such questions have evolved over time, from interventionist regulatory control after the Great Depression to the liberalization policies that started in the United States in the 1970s. The global financial crisis of 2007–2009, which originated from an oversupply of credit, once again raised questions about excessive banking competition and what should be done about it. Competition and Stability in Banking addresses the critical relationships between competition, regulation, and stability, and the implications of coordinating banking regulations with competition policies. Xavier Vives argues that while competition is not responsible for fragility in banking, there are trade-offs between competition and stability. Well-designed regulations would alleviate these trade-offs but not eliminate them, and the specificity of competition in banking should be accounted for. Vives argues that regulation and competition policy should be coordinated, with tighter prudential requirements in more competitive situations, but he also shows that supervisory and competition authorities should stand separate from each other, each pursuing its own objective. Vives reviews the theory and empirics of banking competition, drawing on up-to-date analysis that incorporates the characteristics of modern market-based banking, and he looks at regulation, competition policies, and crisis interventions in Europe and the United States, as well as in emerging economies. Focusing on why banking competition policies are necessary, Competition and Stability in Banking examines regulation's impact on the industry's efficiency and effectiveness.
Author : R. Bernhardt
Publisher : Elsevier Science & Technology
ISBN 13 : 9780444862433
Total Pages : 430 pages
Book Rating : 4.8/5 (624 download)
Download or read book Encyclopedia of Disputes written by R. Bernhardt and published by Elsevier Science & Technology. This book was released on 1989-06 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jacob Bikker
Publisher : Routledge
ISBN 13 : 1136013121
Total Pages : 229 pages
Book Rating : 4.1/5 (36 download)
Download or read book A New Measure of Competition in the Financial Industry written by Jacob Bikker and published by Routledge. This book was released on 2014-08-27 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2008 credit crisis started with the failure of one large bank: Lehman Brothers. Since then the focus of both politicians and regulators has been on stabilising the economy and preventing future financial instability. At this juncture, we are at the last stage of future-proofing the financial sector by raising capital requirements and tightening financial regulation. Now the policy agenda needs to concentrate on transforming the banking sector into an engine for growth. Reviving competition in the banking sector after the state interventions of the past years is a key step in this process. This book introduces and explains a relatively new concept in competition measurement: the performance-conduct-structure (PCS) indicator. The key idea behind this measure is that a firm’s efficiency is more highly rewarded in terms of market share and profit, the stronger competitive pressure is. The book begins by explaining the financial market’s fundamental obstacles to competition presenting a brief survey of the complex relationship between financial stability and competition. The theoretical contributions of Hay and Liu and Boone provide the theoretical underpinning for the PCS indicator, while its application to banking and insurance illustrates its empirical qualities. Finally, this book presents a systematic comparison between the results of this approach and (all) existing methods as applied to 46 countries, over the same sample period. This book presents a comprehensive overview of the knowns and unknowns of financial sector competition for commercial and central bankers, policy-makers, supervisors and academics alike.
Author : Wolf-Georg Ringe
Publisher :
ISBN 13 : 9781680831467
Total Pages : 0 pages
Book Rating : 4.8/5 (314 download)
Download or read book Regulatory Competition in Global Financial Markets written by Wolf-Georg Ringe and published by . This book was released on 2016-07-22 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Evaluates the power of market pressure on the way financial regulation is made. It argues that the phenomena of arbitrage and competition in financial rulemaking are potentially more problematic than elsewhere
Author : Jacob A. Bikker
Publisher : Edward Elgar Publishing
ISBN 13 : 1785363301
Total Pages : 424 pages
Book Rating : 4.7/5 (853 download)
Download or read book Handbook of Competition in Banking and Finance written by Jacob A. Bikker and published by Edward Elgar Publishing. This book was released on 2017-09-29 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: For academics, regulators and policymaker alike, it is crucial to measure financial sector competition by means of reliable, well-established methods. However, this is easier said than done. The goal of this Handbook is to provide a collection of state-of-the-art chapters to address this issue. The book consists of four parts, the first of which discusses the characteristics of various measures of financial sector competition. The second part includes several empirical studies on the level of, and trends in, competition across countries. The third part deals with the spillovers of market power to other sectors and the economy as a whole. Finally, the fourth part considers competition in banking submarkets and subsectors.
Author : George J. Benston
Publisher : American Enterprise Institute
ISBN 13 : 9780844741246
Total Pages : 156 pages
Book Rating : 4.7/5 (412 download)
Download or read book Regulating Financial Markets written by George J. Benston and published by American Enterprise Institute. This book was released on 1999 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial services regulation tends to be costly and unsympathetic to consumers. This book examines why that is the case and proposes and regulatory regime that would be more efficient and more responsive to consumer interests.
Author : Niels Philipsen
Publisher : Routledge
ISBN 13 : 1317750403
Total Pages : 389 pages
Book Rating : 4.3/5 (177 download)
Download or read book The Role of Law and Regulation in Sustaining Financial Markets written by Niels Philipsen and published by Routledge. This book was released on 2014-11-13 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the role of law and regulation in sustaining financial markets in both developed and developing countries, particularly the European Union, United States and China. The central argument of this book is that law matters for the operation of financial markets, which, in turn, significantly influences the performance of firms, industries, and economies. The Role of Law and Regulation in Sustaining Financial Markets is divided into four parts. Part one addresses the connection between law, financial development, and economic growth. Part two deals with the role of financial regulation, which can be used to correct market failures, such as negative externalities, information asymmetries, and monopolies. Part three focuses on the design, functioning, and performance of different financial instruments. Part four examines the topic of Corporate Social Responsibility. This book contributes to the ‘law and finance’ literature by studying certain conventional issues, such as the relationship between finance and economic growth, and the effects of regulatory quality on financial development, from new perspectives and/or with new evidence, data, and cases. It also explores novel topics, such as project finance contracts, insurance and climate change, the shadow banking system, that have been overlooked in current literature. This book is meaningful not only for the EU and the US, which have suffered considerably from the financial crisis of 2008, but also for China, which is struggling to build a sound institutional infrastructure to govern its increasingly complicated financial system. By comparing the regulatory philosophies and practices of the EU, the US and China, this book will help the reader to understand the diverse nature of the global ‘law and finance’ nexus and avoid succumbing to the myth of "one size fits all".
Author : Tamer Çetin
Publisher :
ISBN 13 : 9781613249901
Total Pages : 0 pages
Book Rating : 4.2/5 (499 download)
Download or read book Regulation and Competition in the Turkish Banking and Financial Markets written by Tamer Çetin and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a detailed analysis of the Turkish banking and financial markets. The emphasis of the book is on the interrelations between competition and regulation. The author's hope is to draw attention to the close relationship between the regulatory environment and the nature of the competition in the banking and financial markets in Turkey. Also, this book looks into various aspects of the banking and financial markets and the authors discuss the relationships between regulatory environment and competition in the industry.
Author : Charles Albert Eric Goodhart
Publisher : Geneva Reports on the World Ec
ISBN 13 :
Total Pages : 144 pages
Book Rating : 4.:/5 (318 download)
Download or read book The Fundamental Principles of Financial Regulation written by Charles Albert Eric Goodhart and published by Geneva Reports on the World Ec. This book was released on 2009 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analytical background -- Nature of systemic risk -- Who should be regulated (by whom) -- Counter-cyclical regulation -- Regulation of liquidity and maturity mismatches -- Other regulatory issues -- The structure of regulation -- Conclusions -- Appendix : the boundary problem in financial regulation -- Discussion and roundtables.
Author : Joseph E. Harrington
Publisher : Edward Elgar Publishing
ISBN 13 : 1781005699
Total Pages : 401 pages
Book Rating : 4.7/5 (81 download)
Download or read book Recent Advances in the Analysis of Competition Policy and Regulation written by Joseph E. Harrington and published by Edward Elgar Publishing. This book was released on 2012-01-01 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'This volume collects a number of original, cutting-edge contributions that take the reader swiftly and easily to the frontier of research on most of the current hot topics in industrial organization, antitrust and regulation. Skillfully edited by two outstanding leaders in the field, the volume will be a precious source for students, researchers and practitioners that need to figure out what research has achieved in recent years on these important policy issues.' Giancarlo Spagnolo, SITE Stockholm School of Economics and University of Tor Vergata, Sweden This state-of-the-art volume highlights important recent research contributions covering all the significant themes surrounding competition policy and regulation, including financial regulation and multisided markets. Bringing scholars and policymakers to the frontiers of research and addressing the critical issues of the day, the book presents original important new theoretical and empirical results. The distinguished contributors include: P. Agrel, K. Alexander, J. Crémer, X. Dassiou, G. Deltas, F. Etro, L. Filistrucchi, P. Fotis, M. Gilli, J. Harrington Jr, T. Huertas, M. Ivaldi, B. Jullien, V. Marques, M. Peitz, Y. Spiegel, E. Tarrantino and G. Wood. Recent Advances in the Analysis of Competition Policy and Regulation will prove insightful for academic economists, consultants and policymakers interested in these fields.
Author : Tamer Çetin
Publisher : Nova Science Publishers
ISBN 13 : 9781614700371
Total Pages : 263 pages
Book Rating : 4.7/5 (3 download)
Download or read book Regulation and Competition in the Turkish Banking and Financial Markets written by Tamer Çetin and published by Nova Science Publishers. This book was released on 2012-03-01 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a detailed analysis of the Turkish banking and financial markets. The emphasis of the book is on the interrelations between competition and regulation. The author's hope is to draw attention to the close relationship between the regulatory environment and the nature of the competition in the banking and financial markets in Turkey. Also, this book looks into various aspects of the banking and financial markets and the authors discuss the relationships between regulatory environment and competition in the industry.
Author : Peter D. Spencer
Publisher : OUP Oxford
ISBN 13 : 0191586862
Total Pages : 286 pages
Book Rating : 4.1/5 (915 download)
Download or read book The Structure and Regulation of Financial Markets written by Peter D. Spencer and published by OUP Oxford. This book was released on 2000-10-12 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Aimed at advanced undergraduate and graduate students in economics, banking, and finance, this is a core textbook for the financial markets, institutions, and regulation option of courses in financial economics. It integrates modern theories of asymmetric information into the analysis of financial institutions, relating the theory to current developments. The text begins with an analysis of adverse selection in retail financial products like life assurance before looking at open capital markets where trades and prices provide information. It then progresses to the more complex areas of corporate governance and financial intermediation in which information is concealed or confidential and moral hazard and verification problems become important. These chapters study the various mechanisms that the financial markets have developed to allow investors to delegate the management of their assets to others. This analysis is used to show how regulation can reduce the risk of financial failure and how legal, accounting, and regulatory mechanisms can help shape a country's corporate and financial architecture. These difficult theoretical concepts are conveyed through the careful use of numerical illustrations and topical case studies. Each chapter ends with a set of exercises to test and reinforce students' comprehension of the material. Worked solutions are provided for the numerical exercises.
Author : David Harrison
Publisher : Routledge
ISBN 13 : 1134090862
Total Pages : 147 pages
Book Rating : 4.1/5 (34 download)
Download or read book Competition Law and Financial Services written by David Harrison and published by Routledge. This book was released on 2014-03-14 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: Competition law underpins the market economy by prohibiting anti-competitive agreements and practices, and the abuse of dominant positions in the market. Until the financial crisis it was widely assumed that the financial services industry was highly competitive. This book explores the extent to which this is the case. By analysing crisis and pre-crisis competition law cases and examples from the UK, the EU and around the world, David Harrison asks whether there exists good reason for financial services to be treated differently from the rest of the market economy. The theory of market efficiency is not borne out in practice. He particularly draws upon John Maynard Keynes in examining the differences between price mechanisms in product markets for "normal" goods, and price mechanisms in financial and investment markets where expectations of the future tend to play a greater role, leading to greater price fluctuations. In this evaluation, the book examines aspects of the practical functioning of capital markets such as the phenomenon of herding behaviour by financial participants, how short-term behaviour by intermediaries can be to the disadvantage of savers and productive investment, the relationship between investment markets and product markets and the extent to which the same competition rules apply to undertakings involved in both. The book will be invaluable to students, researchers and practitioners of banking and finance law, and commercial and competition law. .
Author : Doha M. Abdelhamid
Publisher : Routledge
ISBN 13 : 1351771345
Total Pages : 500 pages
Book Rating : 4.3/5 (517 download)
Download or read book International Regulatory Rivalry in Open Economies: The Impact of Deregulation on the US and UK Financial Markets written by Doha M. Abdelhamid and published by Routledge. This book was released on 2017-11-01 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
