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Author: Joseph G. Haubrich Publisher: ISBN: Category : Bank holding companies Languages : en Pages : 16
Book Description
Deregulation and financial consolidation have led to the development of financial holding companies--allowing commercial banking, insurance, investment banking, and other financial activities to be conducted under the same corporate umbrella--and the Federal Reserve has been named supervisor of the consolidated enterprise. This Policy discussion paper will show that there likely are economies of scope between the Fed's inherent central-banking responsibilities and those of an umbrella supervisor and that these dual roles benefit both the Fed and functional regulators.
Author: Joseph G. Haubrich Publisher: ISBN: Category : Bank holding companies Languages : en Pages : 16
Book Description
Deregulation and financial consolidation have led to the development of financial holding companies--allowing commercial banking, insurance, investment banking, and other financial activities to be conducted under the same corporate umbrella--and the Federal Reserve has been named supervisor of the consolidated enterprise. This Policy discussion paper will show that there likely are economies of scope between the Fed's inherent central-banking responsibilities and those of an umbrella supervisor and that these dual roles benefit both the Fed and functional regulators.
Author: Donato Masciandaro Publisher: Edward Elgar Publishing ISBN: 9781781954348 Category : Business & Economics Languages : en Pages : 594
Book Description
Analyzing ongoing changes in the design of regulatory and supervisory authorities over the banking and financial industry in Europe, this comprehensive Handbook pays particular attention to the role of national central banks, the new financial supervisory authorities and the European Central Bank (ECB).
Author: Leon Wansleben Publisher: Harvard University Press ISBN: 0674287703 Category : Business & Economics Languages : en Pages : 353
Book Description
A bold history of the rise of central banks, showing how institutions designed to steady the ship of global finance have instead become as destabilizing as they are dominant. While central banks have gained remarkable influence over the past fifty years, promising more stability, global finance has gone from crisis to crisis. How do we explain this development? Drawing on original sources ignored in previous research, The Rise of Central Banks offers a groundbreaking account of the origins and consequences of central banks’ increasing clout over economic policy. Many commentators argue that ideas drove change, indicating a shift in the 1970s from Keynesianism to monetarism, concerned with controlling inflation. Others point to the stagflation crises, which put capitalists and workers at loggerheads. Capitalists won, the story goes, then pushed deregulation and disinflation by redistributing power from elected governments to markets and central banks. Both approaches are helpful, but they share a weakness. Abstracting from the evolving practices of central banking, they provide inaccurate accounts of recent policy changes and fail to explain how we arrived at the current era of easy money and excessive finance. By comparing developments in the United States, the United Kingdom, Germany, and Switzerland, Leon Wansleben finds that central bankers’ own policy innovations were an important ingredient of change. These innovations allowed central bankers to use privileged relationships with expanding financial markets to govern the economy. But by relying on markets, central banks fostered excessive credit growth and cultivated an unsustainable version of capitalism. Through extensive archival work and numerous interviews, Wansleben sheds new light on the agency of bureaucrats and calls upon society and elected leaders to direct these actors’ efforts to more progressive goals.
Author: Edith Klein Publisher: Nova Publishers ISBN: 9781594541728 Category : Business & Economics Languages : en Pages : 214
Book Description
The past two decades have witnessed tremendous change and growth in the financial sector in countries across the globe. At the heart of this sector is the banking industry, which wears a variety of hats in different countries. Leading issues within the purview of this book include: regulation, economic growth, offshore banking, risk exposure, bank mergers, lending policies and practices, liquidity, bank failures. This new book presents important analysis of global banking.
Author: Martin Mayer Publisher: Simon and Schuster ISBN: 068484740X Category : Biography & Autobiography Languages : en Pages : 376
Book Description
Why did Greenspan make the key decision of the Clinton boom years - to let the good times roll while unemployment sank to record lows - despite all historical evidence that it would be inflationary?"--BOOK JACKET.
Author: United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Capital Markets, Securities, and Government Sponsored Enterprises Publisher: ISBN: Category : Business & Economics Languages : en Pages : 348
Author: Kenneth Dyson Publisher: Oxford University Press ISBN: 0199218234 Category : Business & Economics Languages : en Pages : 474
Book Description
Both studies of political power and Europeanization studies have tended to neglect central banks. As the age of the euro reaches its 10th anniversary, it is timely to reflect on what it means for central banks, which have been at the forefront of the establishment of Economic and Monetary Union in the European Union. Central banks have been caught up in a major historic political project. What does it mean for them? What does the age of the euro tell us about the power of centralbanks, their Europeanization and whether they are coming to resemble each other more closely? This book brings together a range of recognized academic specialists to examine the main political aspects of this question. How, and in what ways, has the euro Europeanized central banks (members andnon-members of the Euro Area)? What have been its effects on the power of central banks and their use of power? Has the euro generated convergence or divergence in central banking? The book offers the first, in-depth and systematic political analysis of central banks in the first decade of the euro. It places the euro in its global and European contexts, including the US Fed and the Australasian central banks, patterns of differentiated integration in European central banking, and the EuropeanCentral Bank. It offers a set of case studies of its effects on a representative sample of EU central banks (euro 'insiders' and 'outsiders') and looks at four main thematic areas (monetary policy, financial market supervision, accountability and transparency, and research). The book contributes toEuropeanization studies, comparative political economy, and studies of Economic and Monetary Union. It will be of major interest to students of the European Union and European integration, comparative European politics, and area and 'country' studies. More generally, it will interest all those interested in central banking and their pivotal and problematic position between politics and markets.
Author: Joseph G. Haubrich
Author: Joseph G. Haubrich
Author: United States. Congress. House. Committee on Financial Services
Author: Donato Masciandaro
Author: Leon Wansleben
Author: Edith Klein
Author: 
Author: Richard Brearley
Author: Martin Mayer
Author: United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Capital Markets, Securities, and Government Sponsored Enterprises
Author: Kenneth Dyson