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The sub-prime mortgage crisis that originated in the United States has triggered a global credit crunch, threatening the solvency of emerging markets that have relied heavily on foreign debt, and resulting in the devaluation of their currencies. Currency market interventions by the central banks...
Persistent link: https://www.econbiz.de/10014184736
After the 2008 financial crisis, reforms to financial regulation in the United States developed with an apparent …
Persistent link: https://www.econbiz.de/10012901205
When things go wrong, it is always good to find someone to blame. As the credit crisis started to unfold in 2007, credit rating agencies (“CRAs”) emerged as the villain – or scapegoat, one might say – for commentators and regulators alike. To sum up, observers accused CRAs of doing a...
Persistent link: https://www.econbiz.de/10013120955
More than twenty years after the EU eliminated its internal land borders, the Union still lacks an integrated airspace. This seems to be the most immediate regulatory lesson of the recent volcanic ash crisis. In this brief report, I will provide a first-hand analysis of the regulatory answer...
Persistent link: https://www.econbiz.de/10014195053
regulation. It proceeds by identifying four “interdependence problems” relating to harmonization of financial standards, capital … regulation than are efforts to reduce losses from financial instability, which will likely continue to be ineffective despite … to centrally administer international financial regulation are unlikely to succeed, because they misstate the underlying …
Persistent link: https://www.econbiz.de/10013029921
renewable energy technologies being supported by regulation and the formation of an increasingly globalised market. However … article will argue that a schism has emerged between the regulation of renewable energy in Europe and North East Asia. While … regulation with physical interconnection and shared regulatory institutions and markets, in North East Asia this has not occurred …
Persistent link: https://www.econbiz.de/10014150728
The 2007-08 Global Financial Crisis is a watershed phenomenon that reshaped global capitalism. Stemming from the argument that the Crisis was caused by deregulation, this article assesses to what extent the financial industry influenced the legislative process underlying these reforms. The...
Persistent link: https://www.econbiz.de/10014370438
Persistent link: https://www.econbiz.de/10013092731
-valuation disconnect. The Dodd-Frank Act inadequately addresses the underlying asset valuation problem. Federal regulation may support …
Persistent link: https://www.econbiz.de/10013115763