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Author : Thomas F. Cargill
Publisher : Hoover Institution Press Publi
Page : 174 pages
File Size : 11,19 MB
Release : 1982
Category : Business & Economics
ISBN :
Cargill and Garcia examine the strengths and weaknesses of the Depository Institutions Reregulation and Monetary Control Act of 1980.
Author : S. Kerry Cooper
Publisher :
Page : 396 pages
File Size : 45,26 MB
Release : 1986
Category : Business & Economics
ISBN :
Author : George Selgin
Publisher : Routledge
Page : 299 pages
File Size : 39,54 MB
Release : 2002-03-11
Category : Business & Economics
ISBN : 1134825765
Can the 'invisible hand' handle money? George Selgin challenges the view that government regulation creates monetary order and stability, and instead shows it to be the main source of monetary crisis. The volume is divided into three sections: * Part I refutes conventional wisdom holding that any monetary system lacking government regulation is 'inherently unstable', and looks at the workings of market forces in an otherwise unregulated banking system. * Part II draws on both theory and historical experience to show how various kinds of government interference undermine the inherent efficiency, safety, and stability of a free monetary system. * Part III completes the argument by addressing the popular misconception that a monetary system is unsound unless it delivers a stable output price-level.
Author : Alexis Drach
Publisher : Oxford University Press
Page : 209 pages
File Size : 21,49 MB
Release : 2021
Category : Business & Economics
ISBN : 0198856954
This edited volume is the first archival based historical investigation on the liberalization measures taken in various countries in the financial sector in the decades following the Bretton Woods system, from a comparative and a global perspective.
Author : Hasan Cömert
Publisher : Edward Elgar Publishing
Page : 220 pages
File Size : 42,22 MB
Release : 2013
Category : Business & Economics
ISBN : 1781004056
ÔHasan CšmertÕs timely book reaches us during the prolonged conditions of the global great recession. By providing a thorough and detailed econometric analysis of the institutional and historical developments of the hegemonic leader of capitalism, Cšmert reveals that the simplistic monetary policy tools of the central banks of the so-called Òmodern great moderationÓ era are over, and we are now at cross-roads of a paradigmatic shift. CšmertÕs book suggests itself as one of the first leading examples of this shift.Õ Ð Erini Yeldan, Yasar University, Turkey ÔThis provocative book shows that the Federal Reserve has, in the last four decades, gradually lost influence over credit and financial markets. This argument, supported by institutional analysis and econometric tests, has two explosive implications: first, Federal Reserve policy did not cause the subprime crisis; second, central banks no longer have instruments for intervening in economies whose growth they are now expected to restore. Anyone concerned with the future of global capitalism should consider ComertÕs work as a matter of urgency.Õ Ð Gary Dymski, Leeds University Business School, UK and University of California, Riverside, US ÔPrior to the outbreak of the financial crisis in 2008, mainstream economists celebrated a ÒNew ConsensusÓ on monetary policy in which independent central banks were assumed able to bring about a ÒGreat ModerationÓ of low inflation and high economic growth by manipulating short-term interest rates. In this important and interesting book, Hasan Cšmert demonstrates convincingly, through institutional analysis and econometrics, that central banks lost control of the price and quantity of credit starting two decades before this celebration. He shows that central banks themselves, through their support of financial market deregulation and globalization, helped bring about both monetary policy impotence and the global crisis. ItÕs a must-read.Õ Ð James Crotty, University of Massachusetts, Amherst, US In the wake of the financial crisis of 2008, there has been increasing debate over the appropriate role of central banks in mitigating economic disaster. This timely volume combines detailed historical and econometric analyses to explore the profound changes that occurred within the US financial system from the 1980s to the present, and shows how these changes have affected the US economy. Hasan Cšmert demonstrates how dramatic shifts in the financial system undermined the ability of the US Federal Reserve to control the price and quantity of credit. He identifies several key factors that facilitated this loss of control, including deregulation, rapid financial innovations, increased financial integration and a number of policy decisions implemented within the Federal Reserve itself. Through a combination of several methods, including historical and institutional analyses, descriptive statistics, simulation and econometric techniques, the author provides a well-rounded and vitally important picture of the US financial system and offers insightful policy recommendations for the future. Students, professors and policymakers with an interest in economics, finance, banking and monetary policy will no doubt find this book a fascinating and invaluable resource.
Author : Board of Governors of the Federal Reserve System
Publisher :
Page : 0 pages
File Size : 40,15 MB
Release : 2002
Category : Banks and Banking
ISBN : 9780894991967
Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
Author : Commerce Clearing House
Publisher :
Page : 264 pages
File Size : 29,77 MB
Release : 1980
Category : Banking law
ISBN :
Describes major changes made by this law affecting financial insitutions and users of their services -- reserves on transaction accounts (Federal Reserve System members or not), interest and dividends on deposits and accounts, deposit insurance limits, powers of thrifts, state usury laws, national bank laws, Truth-In-Lending, simplification of regulations and take-overs by foreigners.
Author : Jane D'Arista
Publisher :
Page : 0 pages
File Size : 45,77 MB
Release : 2019-08-30
Category : Debt
ISBN : 9781789907759
All Fall Down traces the ways in which changes in financial structure and regulation eroded monetary control and led to historically high levels of debt relative to GDP in both developed and emerging economies. Rising stocks of debt drove the global financial system into crisis in 2008 when households, businesses, financial institutions and the public sector in some countries strained to generate sufficient income for debt service. The stagnation and fall in asset prices that followed began the process of unwinding that led to a run on the financial sector by the financial sector. This engaging examination describes critical developments that changed the structure of US financial markets as well as developments and innovations in US credit markets that created the context for crisis. It discusses the advent of dollar hegemony, the critical role of international reserves in generating credit, the emergence of the debt bubble in the 1980s and the mounting risks of debt in the new millennium. The author also proposes a systemic approach to monetary control, offering two new reform proposals. The analysis concludes that reforms are needed in order to support sustainable economic activity in the US and global economies. This volume will appeal to students and scholars of economics interested in international finance and banking, financial regulation and monetary policy implementation. It will also be of interest to business economists, lawyers, policymakers and journalists concerned with the effects of financial instability and involved in ongoing debates on financial and monetary reform.
Author : Thomas F. Cargill
Publisher : Prentice Hall
Page : 760 pages
File Size : 15,30 MB
Release : 1991
Category : Business & Economics
ISBN :
Provides coverage of a wide range of financial issues such as deregulation, financial innovation, deposit insurance and the thrift problem. This updated edition places the emphasis on policy rather than theory.
Author : Jane D’Arista
Publisher : Edward Elgar Publishing
Page : 219 pages
File Size : 47,29 MB
Release : 2018-08-31
Category : Business & Economics
ISBN : 1788119495
All Fall Down traces the ways in which changes in financial structure and regulation eroded monetary control and led to historically high levels of debt relative to GDP in both developed and emerging economies. Rising stocks of debt drove the global financial system into crisis in 2008 when households, businesses, financial institutions and the public sector in some countries strained to generate sufficient income for debt service. The stagnation and fall in asset prices that followed began the process of unwinding that led to a run on the financial sector by the financial sector.