Does too much competition in banking hurt society? What policies can best protect and stabilize banking without stifling it? Institutional responses to such questions have evolved over time, from interventionist regulatory control after the Great Depression to the liberalization policies that started in the United States in the 1970s. The global financial crisis of 2007 09, which originated from an oversupply of credit, once again raised questions about excessive banking competition and what should be done about it. "Competition and Stability in Banking "addresses the critical relationships between competition, regulation, and stability, and the implications of coordinating banking regulations with competition policies.
Xavier Vives argues that while competition is not responsible for fragility in banking, there are trade-offs between competition and stability. Well-designed regulations would alleviate these trade-offs but not eliminate them, and the specificity of competition in banking should be accounted for. Vives argues that regulation and competition policy should be coordinated, with tighter prudential requirements in more competitive situations, but he also shows that supervisory and competition authorities should stand separate from each other, each pursuing its own objective. Vives reviews the theory and empirics of banking competition, drawing on up-to-date analysis that incorporates the characteristics of modern market-based banking, and he looks at regulation, competition policies, and crisis interventions in Europe, the United States, as well as emerging economies.
Focusing on why banking competition policies are necessary, "Competition and Stability in Banking "examines regulation's effect on the industry's efficiency and effectiveness."
Автор: Kay, Stephen J.; Sinha, Tapen Название: Lessons from Pension Reform in the Americas ISBN: 0199226806 ISBN-13(EAN): 9780199226801 Издательство: Oxford Academ Рейтинг: Цена: 110880.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: Latin America has seen a host of pathbreaking pension reforms, including privatizations that have served as examples for governments throughout the world. Addressing pressing policy issues and highlighting a broad range of country experiences, this book provides an unparalleled account of the lessons from pension reform in North and South America
Автор: Blair Название: Securing Pension Provision ISBN: 1137453966 ISBN-13(EAN): 9781137453969 Издательство: Springer Рейтинг: Цена: 55890.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: By comparing Germany, France, the UK and the USA this study explores how governments have tackled the increased pressure of financing state pensions. Specifically, it looks at the approach of each of these countries to raising the age of entitlement in order to understand the ways in which this policy was introduced in different countries.
Автор: Huault Название: Finance: The Discreet Regulator ISBN: 023035579X ISBN-13(EAN): 9780230355798 Издательство: Springer Рейтинг: Цена: 111790.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: The financial sector is the talk of the global village. This book highlights that, before asserting that the institutions of the financial sector deserve to be regulated, one should consider that these very institutions are themselves the discreet regulators of the markets where their activity takes place.
Автор: J. Harrigan; H. El-Said Название: Economic Liberalisation, Social Capital and Islamic Welfare Provision ISBN: 1349300330 ISBN-13(EAN): 9781349300334 Издательство: Springer Рейтинг: Цена: 93160.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This book looks at two aspects of Islamic activity in the Middle East and North Africa, the development of social capital and the provision of welfare services, within the context of economic liberalisation programmes to see whether the retrenchment of the state under liberalisation has created a space for Islamic-based activities.
Автор: Mackenzie Название: The Decline of the Traditional Pension ISBN: 1107507324 ISBN-13(EAN): 9781107507326 Издательство: Cambridge Academ Рейтинг: Цена: 32730.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: Many employers in the industrial countries used to provide retiring employees with a pension payable for life based on years worked and salary. This book studies developments in ten countries to explain why the importance of the traditional pension has diminished and proposes remedies to bolster retirement security.
In the 1990s, large insurance companies failed in virtually every major market, prompting a fierce and ongoing debate about how to better protect policyholders. Drawing lessons from the failures of four insurance companies, "When Insurers Go Bust" dramatically advances this debate by arguing that the current approach to insurance regulation should be replaced with mechanisms that replicate the governance of non-financial firms.
Rather than immediately addressing the minutiae of supervision, Guillaume Plantin and Jean-Charles Rochet first identify a fundamental economic rationale for supervising the solvency of insurance companies: policyholders are the "bankers" of insurance companies. But because policyholders are too dispersed to effectively monitor insurers, it might be efficient to delegate monitoring to an institution--a prudential authority. Applying recent developments in corporate finance theory and the economic theory of organizations, the authors describe in practical terms how such authorities could be created and given the incentives to behave exactly like bankers behave toward borrowers, as "tough" claimholders.
Автор: Christian Hertrich Название: Asset Allocation Considerations for Pension Insurance Funds ISBN: 3658021667 ISBN-13(EAN): 9783658021665 Издательство: Springer Рейтинг: Цена: 46570.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: Insight into the German Pension Insurance Fund.- SRIs and Alternative Investments: Expanding the Efficient Frontier.- Theoretical Foundation.- Empirical Analysis.
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