The Failure of Financial Regulation: Why a Major Crisis Could Happen Again (1st ed. 2019) (International Political Economy Series)
By: and and
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- Synopsis
- “This publication could not be more timely. Little more than a decade after the global financial crisis of 2008, governments are once again loosening the reins over financial markets. The authors of this volume explain why that is a mistake and could invite yet another major crisis.”—Benjamin Cohen, University of California, Santa Barbara, USA“Leading political scientists from several generations here offer historical depth, as well as sensible suggestions about what reforms are needed now.”—John Kirton, University of Toronto, Canada, and Co-founder of the G7 Research Group“A valuable antidote to complacency for policy-makers, scholars and students.”—Timothy J. Sinclair, University of Warwick, UKThis book examines the long-term, previously underappreciated breakdowns in financial regulation that fed into the 2008 global financial crash. While most related literature focuses on short-term factors such as the housing bubble, low interest rates, the breakdown of credit rating services and the emergence of new financial instruments, the authors of this volume contend that the larger trends in finance which continue today are most relevant to understanding the crash. Their analysis focuses on regulatory capture, moral hazard and the reflexive challenges of regulatory intervention in order to demonstrate that financial regulation suffers from long-standing, unaddressed and fundamental weaknesses.
- Copyright:
- 2019
Book Details
- Book Quality:
- Publisher Quality
- ISBN-13:
- 9783030056803
- Related ISBNs:
- 9783030056797
- Publisher:
- Springer International Publishing
- Date of Addition:
- 07/12/22
- Copyrighted By:
- The Editor
- Adult content:
- No
- Language:
- English
- Has Image Descriptions:
- No
- Categories:
- Nonfiction, Business and Finance, Politics and Government
- Submitted By:
- Bookshare Staff
- Usage Restrictions:
- This is a copyrighted book.
- Edited by:
- Anil Hira
- Edited by:
- Norbert Gaillard
- Edited by:
- Theodore H. Cohn
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