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% leverage limit would lower the total demand (assets under management) for hedge funds by 10%. In particular, the regulation …
Persistent link: https://www.econbiz.de/10010403629
market regulation, and democratic steering of regulatory agencies, displacing the currently dominant notion of financial … market regulation as a purely technical, expert, ‘insider' discourse. If it is too much of a paradox for policy-makers and …
Persistent link: https://www.econbiz.de/10013150458
The credit crisis that started in the American mortgage subprime market in 2007 is having profound social and economic consequences. In this context, lawmakers, regulators, and commentators have questioned the role of rating agencies in the market turmoil. In light of the critiques, a strong...
Persistent link: https://www.econbiz.de/10013156993
problem. In the short run, we need relatively modest but firm regulation. Dodd-Frank looks pretty good in many ways, but still …
Persistent link: https://www.econbiz.de/10013112241
Inadequate regulation of the financial system is widely thought to have contributed to the financial crisis. The … purpose of the book is to articulate a framework within which financial regulation can be analysed in a coherent and … regulation is best understood in the context of an appreciation of the entire financial system. Third it is international and …
Persistent link: https://www.econbiz.de/10012937668
We set out a stylised framework for the policies enacted to address the risks posed by systemically important institutions (SIIs) and to counter the too-big-to-fail (TBTF) problem, examining conceptually how far supervisory and resolution policies are complementary or substitutable. The...
Persistent link: https://www.econbiz.de/10015071011
.S. financial regulation: (i) enactment is invariably crisis driven, adopted at a time when there is a paucity of information … Law” of U.S. financial regulation. The ensuing one-way regulatory ratchet generated by repeated financial crises has … experimentation to financial regulation. The use of those techniques, properly implemented, advances means-ends rationality, by better …
Persistent link: https://www.econbiz.de/10013044722
This study examines the association between board diversity and corporate risk taking. Research on board diversity has focused on gender diversity, leaving board diversity beyond gender diversity largely unexplored. We construct diversity indexes to measure board diversity in multiple...
Persistent link: https://www.econbiz.de/10012938045
We examine the impact of corporate board reforms around the world on stock price crash risk. Using a sample of firms in 41 economies that passed major board reforms between 1990 and 2012, we find that board reforms are associated with a significant reduction in crash risk of about 13%. The...
Persistent link: https://www.econbiz.de/10012843006
This paper focuses on the impact of financial market infrastructures (FMIs) and of their regulation on the post … FMIs regulation. By reviewing the current move from ‘private' markets to ‘public' markets internationally, and with respect …
Persistent link: https://www.econbiz.de/10013033390