Reforming U.S. Financial Markets

Reforming U.S. Financial Markets

Author: Randall S. Kroszner

Publisher: MIT Press

Published: 2011-01-28

Total Pages: 171

ISBN-13: 0262294907

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Two top economists outline distinctive approaches to post-crisis financial reform. Over the last few years, the financial sector has experienced its worst crisis since the 1930s. The collapse of major firms, the decline in asset values, the interruption of credit flows, the loss of confidence in firms and credit market instruments, the intervention by governments and central banks: all were extraordinary in scale and scope. In this book, leading economists Randall Kroszner and Robert Shiller discuss what the United States should do to prevent another such financial meltdown. Their discussion goes beyond the nuts and bolts of legislative and regulatory fixes to consider fundamental changes in our financial arrangements. Kroszner and Shiller offer two distinctive approaches to financial reform, with Kroszner providing a systematic analysis of regulatory gaps and Shiller addressing the broader concerns of democratizing and humanizing finance. After brief discussions by four commentators (Benjamin M. Friedman, George G. Kaufman, Robert C. Pozen, and Hal S. Scott), Kroszner and Shiller each offer a response to the other's proposals, creating a fruitful dialogue between two major figures in the field.


Book Synopsis Reforming U.S. Financial Markets by : Randall S. Kroszner

Download or read book Reforming U.S. Financial Markets written by Randall S. Kroszner and published by MIT Press. This book was released on 2011-01-28 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two top economists outline distinctive approaches to post-crisis financial reform. Over the last few years, the financial sector has experienced its worst crisis since the 1930s. The collapse of major firms, the decline in asset values, the interruption of credit flows, the loss of confidence in firms and credit market instruments, the intervention by governments and central banks: all were extraordinary in scale and scope. In this book, leading economists Randall Kroszner and Robert Shiller discuss what the United States should do to prevent another such financial meltdown. Their discussion goes beyond the nuts and bolts of legislative and regulatory fixes to consider fundamental changes in our financial arrangements. Kroszner and Shiller offer two distinctive approaches to financial reform, with Kroszner providing a systematic analysis of regulatory gaps and Shiller addressing the broader concerns of democratizing and humanizing finance. After brief discussions by four commentators (Benjamin M. Friedman, George G. Kaufman, Robert C. Pozen, and Hal S. Scott), Kroszner and Shiller each offer a response to the other's proposals, creating a fruitful dialogue between two major figures in the field.

Reforming Financial Institutions and Markets in the United States

Reforming Financial Institutions and Markets in the United States

Author: George G. Kaufman

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 196

ISBN-13: 9401114048

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This volume focuses on constructing a safer and more efficient financial system based on the lessons learned from the financial debacles of the 1980s. The first essay discusses the economic and political forces both propelling and opposing widespread banking reform. The next two essays describe the intellectual history of the deposit insurance reform provisions of FDICIA, arguably the most important banking legislation since the Banking Act of 1933, discuss the weaknesses and strengths of these provisions and make recommendations for improving the effectiveness of the reforms. Theoretical and empirical evidence is then summarized and evaluated with respect to the costs and benefits of regulators granting forbearance to economically insolvent institutions. An analysis is given of the whys and hows of privatizing federal deposit insurance in case the reforms in FDICIA prove ineffective. An examination follows of the causes and consequences of the Bank of Credit and Commerce International (BCCI) debacle of the early 1990s and the implications for the supervision of foreign banks in the United States and elsewhere. Next the broader issue is discussed of whether U.S. financial markets affect the behavior of U.S. corporate managers, particularly whether they encourage managerial myopia. Without concluding whether such myopia exists, policy options are examined that would make financial markets more conducive to longer-term planning, including permitting banks to invest in corporate equity and thus monitor firms as owners as well as creditors.


Book Synopsis Reforming Financial Institutions and Markets in the United States by : George G. Kaufman

Download or read book Reforming Financial Institutions and Markets in the United States written by George G. Kaufman and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume focuses on constructing a safer and more efficient financial system based on the lessons learned from the financial debacles of the 1980s. The first essay discusses the economic and political forces both propelling and opposing widespread banking reform. The next two essays describe the intellectual history of the deposit insurance reform provisions of FDICIA, arguably the most important banking legislation since the Banking Act of 1933, discuss the weaknesses and strengths of these provisions and make recommendations for improving the effectiveness of the reforms. Theoretical and empirical evidence is then summarized and evaluated with respect to the costs and benefits of regulators granting forbearance to economically insolvent institutions. An analysis is given of the whys and hows of privatizing federal deposit insurance in case the reforms in FDICIA prove ineffective. An examination follows of the causes and consequences of the Bank of Credit and Commerce International (BCCI) debacle of the early 1990s and the implications for the supervision of foreign banks in the United States and elsewhere. Next the broader issue is discussed of whether U.S. financial markets affect the behavior of U.S. corporate managers, particularly whether they encourage managerial myopia. Without concluding whether such myopia exists, policy options are examined that would make financial markets more conducive to longer-term planning, including permitting banks to invest in corporate equity and thus monitor firms as owners as well as creditors.

Reforming U. S. Financial Market Regulation

Reforming U. S. Financial Market Regulation

Author: United States Senate

Publisher: Independently Published

Published: 2019-10-07

Total Pages: 160

ISBN-13: 9781698175553

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Reforming U.S. financial market regulation: hearing before the Committee on Agriculture, Nutrition, and Forestry, United States Senate, One Hundred Eleventh Congress, first session, November 18, 2009.


Book Synopsis Reforming U. S. Financial Market Regulation by : United States Senate

Download or read book Reforming U. S. Financial Market Regulation written by United States Senate and published by Independently Published. This book was released on 2019-10-07 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reforming U.S. financial market regulation: hearing before the Committee on Agriculture, Nutrition, and Forestry, United States Senate, One Hundred Eleventh Congress, first session, November 18, 2009.

Financial Market Regulatory Reform

Financial Market Regulatory Reform

Author: United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications and Finance

Publisher:

Published: 1989

Total Pages: 608

ISBN-13:

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Book Synopsis Financial Market Regulatory Reform by : United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications and Finance

Download or read book Financial Market Regulatory Reform written by United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications and Finance and published by . This book was released on 1989 with total page 608 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Market Regulation and Reforms in Emerging Markets

Financial Market Regulation and Reforms in Emerging Markets

Author: Masahiro Kawai

Publisher: Brookings Institution Press

Published: 2011

Total Pages: 441

ISBN-13: 0815704895

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"In the wake of the global financial crisis that began in 2008, offers a systematic overview of recent developments in regulatory frameworks in advanced and emerging-market countries, outlining challenges to improving regulation, markets, and access in developing economies"--Provided by publisher.


Book Synopsis Financial Market Regulation and Reforms in Emerging Markets by : Masahiro Kawai

Download or read book Financial Market Regulation and Reforms in Emerging Markets written by Masahiro Kawai and published by Brookings Institution Press. This book was released on 2011 with total page 441 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In the wake of the global financial crisis that began in 2008, offers a systematic overview of recent developments in regulatory frameworks in advanced and emerging-market countries, outlining challenges to improving regulation, markets, and access in developing economies"--Provided by publisher.

Reforming U.s. Financial Market Regulation

Reforming U.s. Financial Market Regulation

Author: United States Congress

Publisher: Createspace Independent Publishing Platform

Published: 2017-10-10

Total Pages: 158

ISBN-13: 9781978118089

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Reforming U.S. financial market regulation: hearing before the Committee on Agriculture, Nutrition, and Forestry, United States Senate, One Hundred Eleventh Congress, first session, November 18, 2009.


Book Synopsis Reforming U.s. Financial Market Regulation by : United States Congress

Download or read book Reforming U.s. Financial Market Regulation written by United States Congress and published by Createspace Independent Publishing Platform. This book was released on 2017-10-10 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reforming U.S. financial market regulation: hearing before the Committee on Agriculture, Nutrition, and Forestry, United States Senate, One Hundred Eleventh Congress, first session, November 18, 2009.

Reforming U.s. Financial Market Regulation

Reforming U.s. Financial Market Regulation

Author: United States Congress

Publisher: Createspace Independent Publishing Platform

Published: 2017-12-24

Total Pages: 158

ISBN-13: 9781982005207

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Reforming U.S. financial market regulation : hearing before the Committee on Agriculture, Nutrition, and Forestry, United States Senate, One Hundred Eleventh Congress, first session, November 18, 2009.


Book Synopsis Reforming U.s. Financial Market Regulation by : United States Congress

Download or read book Reforming U.s. Financial Market Regulation written by United States Congress and published by Createspace Independent Publishing Platform. This book was released on 2017-12-24 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reforming U.S. financial market regulation : hearing before the Committee on Agriculture, Nutrition, and Forestry, United States Senate, One Hundred Eleventh Congress, first session, November 18, 2009.

The Road to Financial Reformation

The Road to Financial Reformation

Author: Henry Kaufman

Publisher: John Wiley & Sons

Published: 2009-07-30

Total Pages: 288

ISBN-13: 0470539941

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Our financial crisis: what happened, how we got here, and what needs to be done Henry Kaufman-an esteemed economist and statesman-is one of the most preeminent financial figures of the day, with a history of success from the 1980s, when his firm, Salomon Brothers, ruled the bond markets. In The Road to Financial Reformation, Dr. Kaufman, who has spent a lifetime entrenched in the world of finance, provides an insightful account of the history and impact of post-World War II financial markets on the economy-what happened, how we got to where we are today, and what needs to be done. Drawing on his vast breadth of knowledge and experience, Kaufman reveals the mistakes that got us into this debacle, the consequences-as they have not been fully realized-and how to put our derailed economy back on track. This book details Dr. Kaufman's warnings and concerns expressed repeatedly throughout the last quarter century, and shows that what he predicted came to pass. Provides an insightful account of the history and impact of post-World War II financial markets on the economy Explores the erosion of credit ratings on corporate debt in the late 1980s and the rapid increase in financial concentration of institutions Discusses the blinding faith in models that rely on historical data but fail to take into account economic and financial market structural changes With his breadth of knowledge and experience, Kaufman details that this crisis was foreseeable (he saw it coming), and how we created this history-making financial crisis. He also explains the consequences still to come, and presents solutions on how we can recover and reform the markets.


Book Synopsis The Road to Financial Reformation by : Henry Kaufman

Download or read book The Road to Financial Reformation written by Henry Kaufman and published by John Wiley & Sons. This book was released on 2009-07-30 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our financial crisis: what happened, how we got here, and what needs to be done Henry Kaufman-an esteemed economist and statesman-is one of the most preeminent financial figures of the day, with a history of success from the 1980s, when his firm, Salomon Brothers, ruled the bond markets. In The Road to Financial Reformation, Dr. Kaufman, who has spent a lifetime entrenched in the world of finance, provides an insightful account of the history and impact of post-World War II financial markets on the economy-what happened, how we got to where we are today, and what needs to be done. Drawing on his vast breadth of knowledge and experience, Kaufman reveals the mistakes that got us into this debacle, the consequences-as they have not been fully realized-and how to put our derailed economy back on track. This book details Dr. Kaufman's warnings and concerns expressed repeatedly throughout the last quarter century, and shows that what he predicted came to pass. Provides an insightful account of the history and impact of post-World War II financial markets on the economy Explores the erosion of credit ratings on corporate debt in the late 1980s and the rapid increase in financial concentration of institutions Discusses the blinding faith in models that rely on historical data but fail to take into account economic and financial market structural changes With his breadth of knowledge and experience, Kaufman details that this crisis was foreseeable (he saw it coming), and how we created this history-making financial crisis. He also explains the consequences still to come, and presents solutions on how we can recover and reform the markets.

International Financial Reforms

International Financial Reforms

Author: U.s. Government Accountability Office

Publisher: Createspace Independent Publishing Platform

Published: 2017-07-26

Total Pages: 84

ISBN-13: 9781973954965

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" Cross-border interconnections in the financial markets and other factors helped spread disruptions during the 2007-2009 financial crisis and increased systemic risk. In response to the crisis, the G20 positioned itself as the main international forum for reforming financial regulations. In 2008, the G20 leaders committed to implement a broad range of reforms designed to strengthen financial markets and regulatory regimes. In light of the G20's reform efforts and the potential implications of the reforms for the United States, GAO examined (1) the U.S. role in the international financial reform efforts and (2) the implementation status of recent international financial reforms in the United States relative to other countries and challenges that uneven implementation may present. To address these issues, GAO reviewed and analyzed reports or other documents issued by the G20, FSB, IMF, and other international bodies since 2008 and studies on the G20 reforms by academics, industry associations, and others. GAO reviewed the accuracy of U.S. responses to select questionnaires administered by FSB and asked other countries' national audit offices to do the same for their regulators' responses. Finally, GAO interviewed officials representing U.S. agencies, FSB Secretariat, IMF, industry associations, and academics."


Book Synopsis International Financial Reforms by : U.s. Government Accountability Office

Download or read book International Financial Reforms written by U.s. Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-07-26 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: " Cross-border interconnections in the financial markets and other factors helped spread disruptions during the 2007-2009 financial crisis and increased systemic risk. In response to the crisis, the G20 positioned itself as the main international forum for reforming financial regulations. In 2008, the G20 leaders committed to implement a broad range of reforms designed to strengthen financial markets and regulatory regimes. In light of the G20's reform efforts and the potential implications of the reforms for the United States, GAO examined (1) the U.S. role in the international financial reform efforts and (2) the implementation status of recent international financial reforms in the United States relative to other countries and challenges that uneven implementation may present. To address these issues, GAO reviewed and analyzed reports or other documents issued by the G20, FSB, IMF, and other international bodies since 2008 and studies on the G20 reforms by academics, industry associations, and others. GAO reviewed the accuracy of U.S. responses to select questionnaires administered by FSB and asked other countries' national audit offices to do the same for their regulators' responses. Finally, GAO interviewed officials representing U.S. agencies, FSB Secretariat, IMF, industry associations, and academics."

Reforming Money and Finance

Reforming Money and Finance

Author: Robert Guttmann

Publisher: Routledge

Published: 2016-09-16

Total Pages: 498

ISBN-13: 1315285355

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This work provides a guide to money and finance. The second edition highlights the changes that have taken place in the period since 1988, including the banking crises of the early 1990s.


Book Synopsis Reforming Money and Finance by : Robert Guttmann

Download or read book Reforming Money and Finance written by Robert Guttmann and published by Routledge. This book was released on 2016-09-16 with total page 498 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work provides a guide to money and finance. The second edition highlights the changes that have taken place in the period since 1988, including the banking crises of the early 1990s.