Good regulation, bad regulation : the anatomy of financial regulation /: the anatomy of financial regulation. ([2015])

• Record Type: Book
• Further Information: Note: Imad A. Moosa.
• Authors: Moosa, Imad A
• Contents: 1. Definition and Theories of Regulation; 1.1. Definition of Regulation; 1.2. Forms of Regulation; 1.3. The Public Interest Theory of Regulation; 1.4. The Capture Theory of Regulation; 1.5. The Special Interest Groups Theory of Regulation; 1.6. Concluding Remarks; 2. Arguments for and Against Regulation; 2.1. Introduction; 2.2. Avoiding Corporate Failure; 2.3. Creature of the State; 2.4. Market Failure; 2.5. The Protection of Rights; 2.6. Efficiency; 2.7 Impeding Innovation; 2.8. The Cost of Compliance; 2.9. Circumvention of Regulation; 2.10. Ineffectiveness; 2.11. Corruption as a Justification for Financial Regulation; 2.12. The Greed Game; 2.13. Concluding Remarks; 3. Regulation, Deregulation and Financial Crises; 3.1. The Free Market Doctrine; 3.2. Free Banking and Financial Laissez Faire; 3.3. Regulation and Banking Efficiency: The Empirical Evidence; 3.4. Deregulation as a Cause of Financial Crises; 3.5. Concluding Remarks; 4. Good Regulation: Payday Loans, Securitisation and Insider Trading; 4.1. What is Good Regulation?; 4.2. Payday Loans; 4.3. Arguments for and Against the Regulation of Payday Loans; 4.4. Securitisation and Derivatives; 4.5. Insider Trading; 5. Good Regulation: Leverage and Liquidity; 5.1. The Leverage Ratio: Why Does it Matter?; 5.2. Leverage as a Cause of the Global Financial Crisis; 5.3. The Basel 3 Leverage Ratio; 5.4. Arguments for and Against the Leverage Ratio; 5.5. The Concept of Liquidity; 5.6. The Role of Liquidity in the Global Financial Crisis; 5.7. Arguments for the Regulation of Liquidity; 6. Bad Regulation: Basel 1 and Basel 2; 6.1. The Basel 1 Accord; 6.2. From Basel 1 to Basel 2; 6.3. A Critical Evaluation of Basel 2; 6.4. Basel 2 and the Global Financial Crisis; 6.5. Conclusion; 7. Bad Regulation: Basel 2.5 and Basel 3; 7.1. From Basel 2 to Basel 2.5; 7.2. A Critique of Basel 2.5; 7.3. Basel 2 to Basel 3; 7.4. The Basel 3 Provisions; 7.5. A Critique of Basel 3; 7.6. The Verdict on Basel 3 and the Basel Culture; 7.7. Conclusion; 8. Bad Regulation: Short Selling; 8.1. Introduction; 8.2. Some Preliminary Remarks; 8.3. The Past and Present of Short Selling; 8.4. Arguments for Short Selling; 8.5. Arguments against Short Selling; 8.6. The Regulation of Short Selling: A Critique; 8.7. Naked vs Covered Short Selling; 8.8 Conclusion; 9. Bad Regulation: High-Frequency Trading; 9.1. Regulating the Unknown; 9.2. What is HFT?; 9.3. The Proclaimed Profitability of HFT; 9.4. HFT as the Cause of the Flash Crash; 9.5. Arguments against HFT; 9.6. The Case for and Against the Regulation of HFT; 9.7. Conclusion; 10. Bad Regulation: Too Big to Fail, Bail-out and Bail-in; 10.1. Introduction; 10.2. The Concept of TBTF; 10.3. Evolution of the TBTF Doctrine; 10.4. Arguments for TBTF; 10.5. Arguments against TBTF; 10.6. Dealing with the Menace of TBTF; 10.7. Bail-out versus Bail-in; 10.8. Conclusion; 11. Concluding Remarks; 11.1. Recapitulation; 11.2. What is Good Regulation?; 11.3. Corruption as a Cause of Instability and Crises; 11.4. Banks Always Win; 11.5. Taleb's Ten Commandments; 11.6. Light at the End of the Tunnel?;
• Publisher Details: Basingstoke : Palgrave Macmillan
• Publication Date: 2015
• Extent: 1 online resource
• Subjects: 332; Finance -- Government policy; Financial institutions -- Government policy; Banks and banking -- Government policy; Trade regulation; Finance; Banks & Banking; Economics; Finance & accounting
• Languages: English
• ISBNs: 9781137447111; 1137447117
• Related ISBNs: 9781137447098
• Notes: Note: Includes bibliographical references and index.
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.