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Persistent link: https://www.econbiz.de/10011350706
Conventional economic analysis assumes that Central Counterparties (CCPs) may help to reduce systemic risk and avoid future financial crises by mandating the central clearing of over-the-counter (OTC) derivatives. This view largely goes unchallenged by governments, regulators, practitioners, and...
Persistent link: https://www.econbiz.de/10014101938
In 2009, the promise of a comprehensive federal cap and trade bill to address climate change fell apart. At least in part, this was due to the fears that exotic 'carbon' financial instruments might cause more financial crises. As California launches it economy wide carbon trading system, and...
Persistent link: https://www.econbiz.de/10013107537
rethinking and readjustment. As the example of China shows, which is also part of my own research, authoritarian regimes making … that China had been gradually expanding its own systems of public participation and local governance with Chinese cultural … characteristics. This narrative brought forward by China and other authoritarian countries against the risks of liberal democracies is …
Persistent link: https://www.econbiz.de/10014112915
This thought piece identifies three crises facing international law on climate change-normative, economic, and legitimacy crises. It briefly explains each crisis and argues that states should be guided by their moral compass in addressing climate change
Persistent link: https://www.econbiz.de/10014167648
The present study undertakes an overview of the role of deposit guarantee schemes (DGSs) within the banking crisis management framework. It is structured in four Section:Section 1 discusses the policy objectives of DGSs, namely the protection of depositors and the contribution to the stability...
Persistent link: https://www.econbiz.de/10012437049
We argue that the concept of “systemic risk,” which traditionally focused on the relative stability of financial institutions and the consequences of their failure, has evolved to include macroprudential risk and the possibility that an entire economy will be affected by a triggering event...
Persistent link: https://www.econbiz.de/10013053972
This Article uses a rational choice analysis to simplify the increasingly complex area of international financial regulation. It proceeds by identifying four “interdependence problems” relating to harmonization of financial standards, capital requirements, bank resolution procedures, and an...
Persistent link: https://www.econbiz.de/10013029921
World War. Since this order has not been adapted to the ensuing changes and evolution of financial markets, there is now a …
Persistent link: https://www.econbiz.de/10013136216
Persistent link: https://www.econbiz.de/10013092731