Bank Deregulation Monetary Order
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Bank Deregulation Monetary Order
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Author : George Selgin
language : en
Publisher: Routledge
Release Date : 2002-03-11
Bank Deregulation Monetary Order written by George Selgin and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-03-11 with Business & Economics categories.
Can the 'invisible hand' handle money? George Selgin challenges the view that government regulation creates monetary order and stability, and instead shows it to be the main source of monetary crisis. The volume is divided into three sections: * Part I refutes conventional wisdom holding that any monetary system lacking government regulation is 'inherently unstable', and looks at the workings of market forces in an otherwise unregulated banking system. * Part II draws on both theory and historical experience to show how various kinds of government interference undermine the inherent efficiency, safety, and stability of a free monetary system. * Part III completes the argument by addressing the popular misconception that a monetary system is unsound unless it delivers a stable output price-level.
Bank Deregulation And Monetary Order
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Author : George A. Selgin
language : en
Publisher:
Release Date : 1996
Bank Deregulation And Monetary Order written by George A. Selgin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Banks and banking categories.
Regulated Deregulation Of The Financial System In Korea
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Author : Ismail Dalla
language : en
Publisher: World Bank Publications
Release Date : 1995-01-01
Regulated Deregulation Of The Financial System In Korea written by Ismail Dalla and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-01-01 with Business & Economics categories.
World Bank Discussion Paper No. 292. Examines the anatomy of the Republic of Korea's financial reform policy since 1979 in order to place the nation's financial reform plan of 1993 in a proper context. Financial deregulation in the Republic of Korea, initiated in 1979, coincided with similar programs in South America and East Asia. The reforms were successful in spite of a mild form of financial repression and a deregulation policy that ran an erratic course. The republic moved decisively in 1993 toward a conventional type of financial liberalization by announcing a blueprint of reforms to be implemented over a five-year period ending in 1997. This paper examines the anatomy of the Korean financial reform policy since 1979 in order to place its financial reform plan of 1993 in the proper context. The report presents a conceptual framework of the Korean financial system and policies, examines interest rate reforms on various levels, and discusses changes in the credit allocation system that were undertaken in earlier phases of the reforms. The book goes on to review the rationale of the final financial reform phase, the sequencing of its various elements, and the assessment. Broad conclusions are presented.
Banking Deregulation And The New Competition In Financial Services
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Author : S. Kerry Cooper
language : en
Publisher:
Release Date : 1986
Banking Deregulation And The New Competition In Financial Services written by S. Kerry Cooper and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with Banking law categories.
Global Financial Deregulation
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Author : Itzhak Swary
language : en
Publisher: John Wiley & Sons
Release Date : 1992
Global Financial Deregulation written by Itzhak Swary and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Banks and banking categories.
Financial institutions in developed countries have undergone a profound structural change in recent years. As a result, banking has become internationalized and competition has intensified within vast and complex markets for a range of financial services. This book reviews these changes.
Unregulated Banking
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Author : Forrest Capie
language : en
Publisher:
Release Date : 1991
Unregulated Banking written by Forrest Capie and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Banking law categories.
Using historical examples, this book attempts to demonstrate that unregulated banking can be successful and that central banks' beneficial contribution has been greatly exaggerated. Topics covered include a description of the experiment with free banking during the French Revolution.
Money
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Author : George Selgin
language : en
Publisher: Cato Institute
Release Date : 2017-04-01
Money written by George Selgin and has been published by Cato Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-04-01 with Business & Economics categories.
Why has the United States experienced so many crippling financial crises? The popular answer: U.S. banks have long been poorly regulated, subjecting the economy to the whims of selfish interest, which must be tempered by more government regulation and centralization. George Selgin turns this conventional wisdom on its head. In essays covering U.S. monetary policy since before the Civil War, he painstakingly traces financial disorder to its source: misguided government regulation, dispelling the myth of the Federal Reserve as a bulwark of stability.
Interest Rate Liberalization And Money Market Development
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Author : Bernard Laurens
language : en
Publisher: International Monetary Fund
Release Date : 1996
Interest Rate Liberalization And Money Market Development written by Bernard Laurens and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Business & Economics categories.
This book by Hassanali Mehran, Bernard Laurens, and Marc Quintyn brings together the papers presented at a seminar held in Beijing, China, in August 1995 and sponsored jointly by the IMF's Monetary and Exchange Affairs Department and the Poeple's Bank of China. The papers were written by central bankers from China, Italy, Korea, Malaysia, Thailand, and Turkey. The Chinese authorities were specifically interested in learning more about the Italian and Turkish models of interbank markets and in the experiences of neighboring Asian countries with interest rate liberalization. The U.S. experience was also presented, and the introduction to the book draws policy lessons from the experiences presented at the seminar.
The Redistributive Effects Of Financial Deregulation
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Author : Mr.Anton Korinek
language : en
Publisher: International Monetary Fund
Release Date : 2013-12-17
The Redistributive Effects Of Financial Deregulation written by Mr.Anton Korinek and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-12-17 with Business & Economics categories.
Financial regulation is often framed as a question of economic efficiency. This paper, by contrast, puts the distributive implications of financial regulation center stage. We develop a model in which the financial sector benefits from risk-taking by earning greater expected returns. However, risktaking also increases the incidence of large losses that lead to credit crunches and impose negative externalities on the real economy. We describe a Pareto frontier along which different levels of risktaking map into different levels of welfare for the two parties. A regulator has to trade off efficiency in the financial sector, which is aided by deregulation, against efficiency in the real economy, which is aided by tighter regulation and a more stable supply of credit. We also show that financial innovation, asymmetric compensation schemes, concentration in the banking system, and bailout expectations enable or encourage greater risk-taking and allocate greater surplus to the financial sector at the expense of the rest of the economy.
Financial Deregulation And Integration In East Asia
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Author : Takatoshi Ito
language : en
Publisher: University of Chicago Press
Release Date : 2007-12-01
Financial Deregulation And Integration In East Asia written by Takatoshi Ito and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12-01 with Business & Economics categories.
The increased mobility and volume of international capital flows is a striking trend in international finance. While countries worldwide have engaged in financial deregulation, nowhere is this pattern more pronounced than in East Asia, where it has affected in unanticipated ways the behavior of exchange rates, interest rates, and capital flows. In these thirteen essays, American and Asian scholars analyze the effects of financial deregulation and integration on East Asian markets. Topics covered include the roles of the United States and Japan in trading with Asian countries, macroeconomic policy implications of export-led growth in Korea and Taiwan, the effects of foreign direct investment in China, and the impact of financial liberalization in Japan, Korea, and Singapore. Demonstrating the complexity of financial deregulation and the challenges it poses for policy makers, this volume provides an excellent picture of the overall status of East Asian financial markets for scholars in international finance and Asian economic development.