The essays collected here reflect the author's shift in interests from foreign exchange to international trade, economic growth, and economic history, especially financial history. OCLC-licensed vendor bibliographic record.
Conference proceedings."This book is based on a conference on 'Dodd-Frank and the Future of Finance' that was held in Washington, DC, on June 13-14, 2013"--Acknowledgments.Leading scholars, along with regulators and practitioners, discuss Dodd-Frank and financial regulation. The origins of the Dodd-Frank Act in the financial crisis and the legislative process that produced it are described. Sys…
How Brazil's monetary and fiscal policies survived a series of severe economic shocks and the policy lessons for other countries.Inflation targeting--when central bank policies set specific inflation rate objectives--is widely used by both developed and developing countries around the world (although not by the United States or the European Central Bank). This collection of original essays look…
This study focuses on the role of institutions and organisations in the historical development of corporate finance. The book provides an overview of the evolution of practice in this field from the Italian merchant banks of the Renaissance through the formation of conglomerates and leveraged-buy-out partnerships in contemporary Wall Street. It also puts forth a compelling argument for the clos…
"The recent financial crisis was an accident, a 'perfect storm' fueled by an unforeseeable confluence of events that unfortunately combined to bring down the global financial systems. And policy makers? They did everything they could, given their limited authority. It was all a terrible, unavoidable accident. Or at least this is the story told and retold by a chorus of luminaries that includes …
Leading academics and policymakers address the theory of market discipline and consider evidence across different industries and countries.The effectiveness of market discipline--the strong built-in incentives that encourage banks and financial systems to operate soundly and efficiently--commands much attention today, particularly in light of recent accounting scandals. As government discipline…
The authors describe a new approach to balancing flexibility and commitment in management strategy through the amalgamation of real options and game theory.OCLC-licensed vendor bibliographic record.
Papers and discussions presented at the fifth Alvin Hansen Symposium on Public Policy, held at Harvard University on April 30, 2009."Over the last few years, the financial sector has experienced its worst crisis since the 1930s. The collapse of major firms, the decline in asset values, the interruption of credit flows, the loss of confidence in firms and credit market instruments, the intervent…
This text, which includes two contributions from Robert Shiller as well as a discussion of Shiller's 'MacroMarkets' tool, considers the key ingredients of financial innovation from both academia and industry; the postive potential but also the risks of financial innovation and the influence of producers on consumers.OCLC-licensed vendor bibliographic record.
Offering a framework for understanding the reasons for the regulatory shift from a microprudential to a macroprudential approach to financial regulation, this book provides a list of challenges in the implementation of macroprudential policy and a discussion on its limitations. --OCLC-licensed vendor bibliographic record.