Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Financial Institutions and Consumer CreditPublisher:
ISBN:
Category : Administrative regulation drafting
Languages : en
Pages : 484
Book Description
Examining the Impact of the Volcker Rule on Markets, Businesses, Investors, and Job Creation
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Financial Institutions and Consumer CreditPublisher:
ISBN:
Category : Administrative regulation drafting
Languages : en
Pages : 484
Book Description
Examining the Impact of the Volcker Rule on Markets, ..., Serial No. 112-95, January 18, 2012, 112-2 Joint Hearing, *.
Author: Third Semiannual Report on the Activity
Author: Report on the Activity of the Committee on Financial Services for the ... Congress
Author: United States. Congress. House. Committee on Financial ServicesPublisher:
ISBN:
Category :
Languages : en
Pages : 368
Book Description
Fourth Semiannual Report on the Activity, January 2, 2013, 112-2 House Report 112-742
Author: Congressional Record
Author: United States. CongressPublisher:
ISBN:
Category : Law
Languages : en
Pages : 572
Book Description
Journal and History of Legislation
Author: United States. Congress. House. Committee on Financial ServicesPublisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 450
Book Description
Guide to U.S. Economic Policy
Author: Robert E. WrightPublisher: CQ Press
ISBN: 1483386317
Category : Political Science
Languages : en
Pages : 965
Book Description
Guide to U.S. Economic Policy shows students and researchers how issues and actions are translated into public policies for resolving economic problems (like the Great Recession) or managing economic conflict (like the left-right ideological split over the role of government regulation in markets). Taking an interdisciplinary approach, the guide highlights decision-making cycles requiring the cooperation of government, business, and an informed citizenry to achieve a comprehensive approach to a successful, growth-oriented economic policy. Through 30 topical, operational, and relational essays, the book addresses the development of U.S. economic policies from the colonial period to today; the federal agencies and public and private organizations that influence and administer economic policies; the challenges of balancing economic development with environmental and social goals; and the role of the U.S. in international organizations such as the IMF and WTO. Key Features: 30 essays by experts in the field investigate the fundamental economic, political, social, and process initiatives that drive policy decisions affecting the nation’s economic stability and success. Essential themes traced throughout the chapters include scarcity, wealth creation, theories of economic growth and macroeconomic management, controlling inflation and unemployment, poverty, the role of government agencies and regulations to police markets, Congress vs. the president, investment policies, economic indicators, the balance of trade, and the immediate and long-term costs associated with economic policy alternatives. A glossary of key economic terms and events, a summary of bureaus and agencies charged with economic policy decisions, a master bibliography, and a thorough index appear at the back of the book. This must-have reference for students and researchers is suitable for academic, public, high school, government, and professional libraries.
The Need for Humility in Policymaking
Author: Stefanie HaeffelePublisher: Rowman & Littlefield
ISBN: 1786611368
Category : Political Science
Languages : en
Pages : 331
Book Description
Regulations impact a wide array of market and social activities that influence our daily lives. Regulations are attempts to correct perceived market failures, caused by information asymmetries, externalities, and principal-agent problems, and to provide public goods, which would otherwise be underprovided. Government actors are responsible for identifying these issues, weighing the costs and benefits of intervention, and designing and implementating regulations to improve society. Good regulations help mitigate issues in the economy without inciting new problems and without the costs exceeding the benefits of intervention. This requires intensive analysis and an awareness of the complexities of social life. Our society is complex and dynamic where people face knowledge and incentive problems, whether in the market, politics, or civil society. By examining this complex reality, we can better understand why regulations arise and persist and the challenges of reform. We argue that this approach to policymaking and policy analysis requires humility; an acknowledgment of the challenges we face when intervening in our society. This volume intends to cultivate an appreciation for the complexity of human decision making and the incentives that drive human behavior. By examining specific policy changes, it will delve into the effects of and lessons learned from regulations in financial markets, computer and internet governance, and health care innovation and delivery. This volume will be of interest to students, scholars, and policymakers who seek to understand the complexities of regulation in a dynamic social world.
Masters of the Universe, Slaves of the Market
Author: Stephen BellPublisher: Harvard University Press
ISBN: 0674425618
Category : Business & Economics
Languages : en
Pages : 401
Book Description
This account of the financial crisis of 2008–2009 compares banking systems in the United States and the United Kingdom to those of Canada and Australia and explains why the system imploded in the former but not the latter. Central to this analysis are differences in bankers’ beliefs and incentives in different banking markets. A boom mentality and fear of being left behind by competitors drove many U.S. and British bank executives to take extraordinary risks in creating new financial products. Intense market competition, poorly understood trading instruments, and escalating system complexity both drove and misled bankers. Formerly illiquid assets such as mortgages and other forms of debt were repackaged into complex securities, including collateralized debt obligations (CDOs). These were then traded on an industrial scale, and in 2007 and 2008, when their value collapsed, economic activity fell into a deep freeze. The financial crisis threatened not just investment banks and their insurers but also individual homeowners and workers at every level. In contrast, because banks in Canada and Australia could make good profits through traditional lending practices, they did not confront the same pressures to reinvent themselves as did banks in the United States and the United Kingdom, thus allowing them to avoid the fate of their overseas counterparts. Stephen Bell and Andrew Hindmoor argue that trading and systemic risk in the banking system need to be reined in. However, prospects for this are not promising given the commitment of governments in the crisis-hit economies to protect the “international competitiveness” of the London and New York financial markets.