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020 9789814520294 (electronic bk.)
020 9814520292 (electronic bk.)
020 9789814520300 (electronic bk.)
050 14 HG173|b.A224 2013
082 04 332.1|222
245 04 The social value of the financial sector|h[electronic
resource] :|btoo big to fail or just too big? /|ceditors,
Viral V Acharya ... [et al.]
260 Singapore ;|aHackensack, N.J. :|bWorld Scientific Pub. Co.,
300 1 online resource (xii, 523 p.) :|bill. (some col.), col.
490 1 World scientific studies in international economics ;|v29
504 Includes bibliographical references and index
505 0 Pt. I. Keynote addresses. ch. 1. A ferment of regulatory
proposals / Charles A.E. Goodhart -- ch. 2. Progress and
priorities for financial reform / Mary John Miller -- pt.
II. Description and measurement of the financial system.
ch. 3. What is meaningful banking reform, why is it so
necessary ... and so unlikely? / Charles W. Calomiris --
ch. 4. The great leveraging / Alan M. Taylor -- ch. 5.
Finance and economic development in a model with credit
rationing / Jean-Louis Arcand, Enrico Berkes, and Ugo
Panizza -- ch. 6. Too much finance, too much credit?
Comments on papers by Calomiris, Arcand-Berkes-Panizza,
and Taylor / Eugene N. White -- pt. III. Social benefits
and costs of the current financial system. ch. 7. Bank
regulatory reforms and racial wage discrimination / Ross
Levine, Alexey Levkov, and Yona Rubinstein -- ch. 8.
Finance: economic lifeblood or toxin? / Marco Pagano --
ch. 9. Finance: is bigger badder? / Gerard Caprio, Jr. --
pt. IV. Financial industry innovation. ch. 10. A proposal
for the resolution of systemically important assets and
liabilities: the case of the repo market / Viral V.
Acharya and T. Sabri Öncü -- ch. 11. Reexamining financial
innovation after the global financial crisis / W. Scott
Frame and Lawrence J. White -- ch. 12. Financial
innovation and shadow banking / Luc Laeven -- pt. V.
Effects of regulation, the safety net and other government
guarantees. ch. 13. Evolving intermediation / Nicola
Cetorelli -- ch. 14. The socially optimal level of capital
requirements: a view from two papers / Javier Suarez --
ch. 15. Effects of regulation, the safety net, and other
government guarantees / Mathias Dewatripont
505 8 Pt. VI. Finance and economic activity: variations across
emerging and developed markets. ch. 16. Legal and
alternative institutions in finance and commerce /
Franklin Allen and Jun "QJ" Qian -- ch. 17. Finance in the
tropics: understanding structural gaps and policy
challenges / Thorsten Beck -- ch. 18. Foreign banks:
access to finance and financial stability / Neeltje van
Horen -- ch. 19. Institutions, finance, and economic
activity: views and agenda / Elias Papaioannou -- pt. VII.
Break up the big banks? ch. 20. Breaking (banks) up is
hard to do: new perspective on too big to fail / James R.
Barth and Apanard (Penny) Prabha -- ch. 21. Restructuring
the banking system to improve safety and soundness /
Thomas M. Hoenig and Charles S. Morris -- ch. 22. Ending
too big to fail: a proposal for reform / Richard W. Fisher
and Harvey Rosenblum -- pt. VIII. Where to from here? The
implications for financial regulatory policy. ch. 23.
Where to from here? Implementation, implementation,
implementation / Claudio Borio -- ch. 24. Complexity in
financial regulation / Andrew G. Haldane and Vasileios
Madouros -- ch. 25. Financial reform: on the right road,
at the right pace? / Thomas F. Huertas -- ch. 26. Banking
regulation and supervision in the next 10 years and their
unintended consequences / Danièle Nouy -- ch. 27. The
social value of the financial sector: where to from here?
/ Barbara A. Rehm -- ch. 28. Public policy options /
520 As a result of the recent financial crisis, there has been
significant public debate on the role of the financial
sector in bringing about the "Great Depression." More
generally, there has been debate about whether the current
industry structure has enhanced social welfare or served a
detrimental role. This book is a collection of papers
presented at the conference held at the Federal Reserve
Bank of Chicago, in November 2012 that examined the social
value of the financial sector as currently structured.
Issues evaluated include what are the perceived benefits
and costs of the current financial system? How valuable
have industry innovations been for society? Should
regulation be used to "move" the industry in a direction
thought to be more valuable for society? Should "big"
banks be broken up? What are the welfare implications of
the current industry structure? In the book, leading
industry scholars debate these issues with a goal of
influencing public policy toward the industry
650 0 Financial institutions
650 0 Financial institutions|xGovernment policy
650 0 Banks and banking
650 0 Social policy
700 1 Acharya, Viral V
710 2 World Scientific (Firm)
830 0 World Scientific studies in international economics ;|v29
856 40 |uhttp://www.worldscientific.com/worldscibooks/10.1142/