Financial Regulation (eBook, ePUB)

A Transatlantic Perspective
Redaktion: Faia, Ester

• Format: ePub

Produktbeschreibung

The 2007 to 2009 financial crisis resulted in the re-emergence of the debate on financial regulation and its relationships with other macroeconomic policies, particularly monetary policy. In Europe, the financial crisis was followed by the sovereign debt crisis, as the bail-out of the financial sector put strains on public finances in several countries. The sequence of events called for a strengthening of the union, ranging from a common framework for supervisory policy that could minimize the risk of unforeseen bank or country defaults to a common resolution mechanism that could set equal rules across countries and reduce ex-ante mis-incentives to risk-taking and moral hazard. This analysis of the state of and prospects for financial regulation examines the lending and saving behavior of banks and households as well as their borrowing activities in order to understand the conflicting priorities and complicated decisions involved in the development and implementation of financial legislation.

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Produktdetails

• Verlag: Cambridge University Press
• Erscheinungstermin: 14. August 2015
• Englisch
• ISBN-13: 9781316028346
• Artikelnr.: 52824918

Inhaltsangabe

Part I. Micro- and Macroprudential Regulation: 1. The road from
micro-prudential to macro-prudential regulation Ester Faia and Isabel
Schnabel; 2. Lessons from the European financial crisis Marco Pagano; 3.
Bank stress tests as a policy tool: the European experience during the
crisis Athanasios Orphanides; 4. Monetary policy in a Banking Union Frank
Smets and Tobias Linzert; 5. Competition and state aid rules in the time of
Banking Union Ignazio Angeloni and Niall Lenihan; 6. Bail-in clauses Jan
Pieter Krahnen and Laura Moretti; 7. Shadow resolutions as a no-no in a
Sound Banking Union Gerard Hertig and Luca Enriques; 8. A political economy
perspective on common supervision in the Eurozone Tobias Tröger; Part II.
Investor and Borrower Protection: 9. Keeping households out of financial
trouble Michael Haliassos; 10. Financial market governance and consumer
protection in the EU Niamh Moloney; 11. Financial advice Andreas Hackethal;
12. Regulation of financial institutions in the United States Howell
Jackson; 13. Risk aversion and financial crisis Luigi Guiso; 14. Household
finance and the law - a case study on economic transplants Katja
Langenbucher.