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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 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
This chapter argues that a separation thesis was explicitly or implicitly beneath the entire subprime mortgage lending and transaction processes, and largely responsible for the resulting crisis. As the global financial crisis started from the subprime mortgage crisis in the United States of...
Persistent link: https://www.econbiz.de/10013123479
and were rarely followed up. Important issues, notably the weak capital base and lack of resilience of the banking systems …
Persistent link: https://www.econbiz.de/10013124113
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
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
Basically, shadow banking is an original kind of business organization, or better a set of institutions and markets … the hard core of financialization. Shadow banking manifests itself through a variety of activities carried out since time … banking as an anomaly of financial markets, to which it appears thoroughly linked. In this paper we try to analyze the subject …
Persistent link: https://www.econbiz.de/10011494440
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 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