Showing 1 - 10 of 6,535
This paper examines the factors which contribute to banks being perceived as being “good” or “bad” in terms of their impact on the political economy and society as a whole. We first review some of the historical antecedents for public approbation against banks, then consider how changes...
Persistent link: https://www.econbiz.de/10012946782
This paper studies the specificities of the regulation of shadow banking in the EU. It argues that the idiosyncratic … features of the EU shadow banking sector call for a different (or indigenized) regulatory approach from that of the U.S. It … highlights striking differences between the EU and the U.S. shadow banking sector based on both the market structure and the …
Persistent link: https://www.econbiz.de/10012853767
This article analyzes the regulatory measures adopted to address the potential contribution of hedge funds to financial instability in the U.S. and the EU in the wake of the Global Financial Crisis. The relevant provisions of the Dodd-Frank Act include two sets of direct regulatory measures. The...
Persistent link: https://www.econbiz.de/10012855060
The Eurozone today is going into the same deflationary situation that the U.S. did under Jackson's destruction of the Second Bank, and the post-Civil War budget surpluses that deflated the economy. But whereas the Fed's creation was designed to inflate the U.S. economy, Europe's European Central...
Persistent link: https://www.econbiz.de/10013013334
American International Group, Inc. (AIG), a large insurance company, received a massive bailout during the financial crisis in response to difficulties centered on the company's multifaceted exposure to residential mortgage-backed securities. The company is back on its feet, albeit in more...
Persistent link: https://www.econbiz.de/10012937978
This paper investigates the influence of corporate governance on financial firms' performance during the 2007-2008 financial crisis. Using a unique dataset of 296 financial firms from 30 countries that were at the center of the crisis, we find that firms with more independent boards and higher...
Persistent link: https://www.econbiz.de/10013117085
This article explains the roots of financial crises in one of the oldest and most fundamental problems of commercial law: hidden leverage. Common law courts wrestled with this problem for centuries and developed a time – tested solution: the doctrine of secret liens. If the debtor becomes...
Persistent link: https://www.econbiz.de/10013142417
Council (FSOC). This article concludes that in the absence of the indirect regulatory measures focusing on the banking …
Persistent link: https://www.econbiz.de/10013054911
Financial crises are common within the modern financial system. The world has witnessed several significant financial crises since the '80s. In most cases, these crises have always led to an economic crisis that causes significant turbulence and severe sufferings for people around the world. The...
Persistent link: https://www.econbiz.de/10013309136
banking directly to supercharged capital markets, Main Street to Wall Street. This was not just a housing bubble bursting; it …
Persistent link: https://www.econbiz.de/10013156547