Financial crisis containment and government guarantees

著者

    • LaBrosse, John Raymond
    • Olivares-Caminal, Rodrigo
    • Singh, Dalvinder

書誌事項

Financial crisis containment and government guarantees

edited by John Raymond LaBrosse, Rodrigo Olivares-Caminal, Dalvinder Singh

Edward Elgar, c2013

大学図書館所蔵 件 / 全6件

この図書・雑誌をさがす

注記

Includes bibliographical references and index

内容説明・目次

内容説明

This enlightening volume provides an invaluable guide for those perplexed by the seemingly intractable problems of financial crises, sovereign distress, and government guarantees. Contributors include an all-star cast of leading figures in the field. Highly recommended' - Geoffrey Miller, New York University, US'The history of the 2007-09 and possibly beyond near-global financial crisis needs to be examined carefully in order to identify and understand the causes, the transmission across countries, the harm to macroeconomies, the public policies adopted, the effectiveness of such policies, and the lessons to be learned to prevent or at least mitigate future such crises. This volume contributes to this task. It brings together under one cover the analyses of the various aspects of the crisis by experts in each area. It should be priority reading for serious students of the crisis.' - George G. Kaufman, Loyola University Chicago, US 'The combination of the skills of the lawyer and of the economist has proved increasingly fruitful, developing both understanding and policy in many areas of life, such as accident prevention, crime prevention, and healthcare. This book follows the precedent of these areas and assembles a group of lawyers and economists who by their contributions, consider how best to deal with financial crises, and how to make their future occurrence less likely. It is both intellectually stimulating and practically important. The authors and editors are to be congratulated.' - Geoffrey Wood, Cass Business School and University of Buckingham, UK Financial Crisis Containment and Government Guarantees analyzes the international community's commitment to forging enhanced, well thought-out, mechanisms for containing systemic risks in the context of a highly interconnected global financial framework which incorporates ongoing financial innovation. While use of government guarantees is a central theme, the book also analyses the roles played by prudential regulators, central banks, deposit insurers and treasuries in dealing with the crisis. The book examines how governments, central banks, regulators and deposit insurance agencies have worked together to contain the global financial crisis. Additionally, it focuses on efforts to overcome ongoing obstacles, as well as the most important proposals to improve safety nets, both at the national level and internationally. This concise and detailed book will strongly appeal to students in law, economics and finance, law practitioners, policymakers in central banks and ministries of finance, as well as deposit protection agencies and regulatory agencies. Contributors: L.C. Buchheit, G. Calice, J. Chen, C.M. Cumming, C. Enoch, A. Estrella, M. Faure, G.G. Garcia, C.A.E. Goodhart, G. Grande, M. Gulati, M. Gudmundsson, K. Heine, E. Hupkes, J.R. LaBrosse, R.M. Lastra, A. Levy, J. Manns, D.G. Mayes, J.F. McCollum, M.J. Nieto, J.J. Norton, R. Olivares-Caminal, F. Panetta, C. Pleister, S. Schich, D. Singh, J. Williams, A.E. Wilmarth, Jr., A. Zaghini

目次

Contents: Foreword Joseph J. Norton Foreword Arthur E. Wilmarth, Jr. Preface John Raymond LaBrosse, James F. McCollum, Rodrigo Olivares-Caminal and Dalvinder Singh PART I: MANAGING THE FINANCIAL CRISIS 1. Managing Crises Without Government Guarantees: How Do We Get There? Christine M. Cumming 2. Improving the Decision-making Framework for Financial Crisis Management John Raymond LaBrosse and Dalvinder Singh 3. Powers and Scope of the Macro-prudential Authority Charles A.E. Goodhart 4. Resolving Systemically Important Financial Institutions (SIFIs): The Financial Stability Board Key Attributes of Effective Resolution Regimes Eva Hupkes PART II: THE SPECIAL PROBLEMS OF EUROPE 5. Crisis Management and Guarantees in Europe Charles Enoch 6. Regulatory Responses to the Financial Crisis Rosa M. Lastra 7. The Federal Agency for Financial Market Stabilisation: From Rescuing to Restructuring Christopher Pleister 8. Extraordinary Measures for Extraordinary Times and the Need for Effective Bank Resolution Laws in Europe Gillian G. Garcia and Maria J. Nieto PART III: USING GOVERNMENT GUARANTEES 9. The Fault Lines in Cross-border Banking: Lessons from the Icelandic Case Mar Gudmundsson 10. Government Guarantees and Contingent Capital: Choosing Good Shock Absorbers David G. Mayes 11. Public Guarantees on Bank Bonds: Effectiveness and Distortions Giuseppe Grande, Aviram Levy, Fabio Panetta and Andrea Zaghini 12. The Impact of Sovereign Guarantees on the Quality of Bank Debt: Theory and Evidence from Europe Arturo Estrella and Sebastian Schich 13. An Insurance Approach for Preventing Financial Crises Michael Faure and Klaus Heine 14. Transforming Bailouts into Investments: A Proposal for the Creation of the Federal Government Investment Corporation Jeffrey Manns PART IV: SOVEREIGN DEBT ISSUES 15. The Treatment of Contingent Liabilities in a Sovereign Debt Restructuring Lee C. Buchheit and Mitu Gulati 16. The European Stability Mechanism: Some Notes on a New EU Institution Designed to Avert Financial Crises Rodrigo Olivares-Caminal 17. Liquidity Spillovers in Credit Markets During the Eurozone Crisis Giovanni Calice, Jing Chen and Julian Williams Index

「Nielsen BookData」 より

詳細情報

ページトップへ