Reshaping markets : economic governance, the global financial crisis and liberal utopia

edited by Bertram Lomfeld, Alessandro Somma, Peer Zumbansen

"It is a matter of grave concern that the explanation of the 2007-8 financial markets crash which continues to exert the largest political influence upon the attempts being made to reform the financial system is based on the concept of deregulation. The crash was a disaster the groundwork for which was laid by the highly aggressive and utterly incompetent government restructuring of the financial sector called in the UK the 'Big Bang'. It took place whilst that sector was under the supervision of multiple regulatory agencies, against a background of legal and economic policies which gave every inducement to reckless (and much inducement to fraudulent) trade. It is by no means to exonerate private actors from their responsibility for the disaster to say that to regard the appalling government failure as an episode of deregulation is a major obstacle to the explanation of the crash and the formulation of an adequate policy for relief of the ensuing depression. I have argued this elsewhere on numerous occasions (most recently in criticism of Richard Posner's version of the concept of deregulation (Campbell 2010a; 2012)), and do not propose to do so again"--

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Year of publication:	2016
Other Persons:	Lomfeld, Bertram (ed.) ; Somma, Alessandro (ed.) ; Zumbansen, Peer (ed.)
Publisher:	Cambridge : Cambridge University Press
Subject:	Finanzmarktregulierung \| Financial market regulation \| Bankenregulierung \| Bank regulation \| Zivilrecht \| Private law \| Recht \| Law \| Wirtschaftsrecht \| Economic law \| Liberalismus \| Liberalism \| Internationaler Kreditmarkt \| Regulierung \| Internationales Finanzrecht \| Internationales Wirtschaftsrecht
Description of contents:	Table of Contents [gbv.de] ; Description [assets.cambridge.org] ; Description [assets.cambridge.org]

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Extent:	xv, 370 Seiten
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Aufsatzsammlung ; Sammelwerk ; Collection of articles of several authors
Language:	English
Notes:	Enthält 14 Beiträge Machine generated contents note: Introduction: reshaping markets and the question of agency Peer Zumbansen; Part I. Crisis and Normality in Transnational Market Regulation: 1. The central problem of Marx's economics and the nature of market regulation David Campbell; 2. Contract law, securitization and the pre-crisis transformation of banking James Varellas; 3. 'Inside' and 'outside' the firm: corporate law and contract governance as regulatory theories Peer Zumbansen; Part II. Austerity Woes: Trials and Tribulations of Debt: 4. The Greek crisis: a critical narrative Iannis Michos; 5. The biopolitics of debt-economy: market order, ascetic and hedonistic morality Alessandro Somma; 6. Credit contracts and the political economy of debt Moritz Renner and Andreas Leidinger; Part III. Reforming Finance: Systematic Risk and Accountability: 7. Why manager liability fails at controlling systemic risk Andreas Engert; 8. How special are they? Targeting systemic risk by regulating shadow banking Tobias Tröger; 9. Fixing finance 2.0 John M. Conley and Cynthia A. Williams; 10. Regulating financial markets: what we might learn from sovereign wealth funds Larry Catá Backer; Part IV. Transforming Contract: 11. Sustainable contracting: how standard terms could govern markets Bertram Lomfeld; 12. Anti-discrimination law and social policy-making Sonja Haberl; 13. European or American style? Cultures of contract regulation Daniela Caruso; Part V. Conceptual Utopia: The Market After the Market: 14. The truth of the market Maria Rosaria Ferrarese; Epilogue: the power of law to reshape markets Bertram Lomfeld.
ISBN:	978-1-107-09590-8
Classification:	Internationales Wirtschaftsrecht ; Steuerrecht
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013547044