Financial Crisis Containment and Government Guarantees

AvJohn Raymond LaBrosse,Rodrigo Olivares-Caminal

Inbunden, Engelska, 2013

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Beskrivning

Financial Crisis Containment and Government Guarantees analyzes the international community's commitment to forging enhanced, well thought-out, mechanisms for containing systemic risks in the context of a highly interconnected global financial framework which incorporates ongoing financial innovation.While use of government guarantees is a central theme, the book also analyses the roles played by prudential regulators, central banks, deposit insurers and treasuries in dealing with the crisis. The book examines how governments, central banks, regulators and deposit insurance agencies have worked together to contain the global financial crisis. Additionally, it focuses on efforts to overcome ongoing obstacles, as well as the most important proposals to improve safety nets, both at the national level and internationally.This concise and detailed book will strongly appeal to students in law, economics and finance, law practitioners, policymakers in central banks and ministries of finance, as well as deposit protection agencies and regulatory agencies.Contributors: L.C. Buchheit, G. Calice, J. Chen, C.M. Cumming, C. Enoch, A. Estrella, M. Faure, G.G. Garcia, C.A.E. Goodhart, G. Grande, M. Gulati, M. Guðmundsson, K. Heine, E. Hüpkes, J.R. LaBrosse, R.M. Lastra, A. Levy, J. Manns, D.G. Mayes, J.F. McCollum, M.J. Nieto, J.J. Norton, R. Olivares-Caminal, F. Panetta, C. Pleister, S. Schich, D. Singh, J. Williams, A.E. Wilmarth, Jr., A. Zaghini

Produktinformation

Utgivningsdatum:2013-03-29
Mått:156 x 234 x undefined mm
Format:Inbunden
Språk:Engelska
Förlag:Edward Elgar Publishing Ltd
ISBN:9781781004999

Utforska kategorier

Finansrätt inom Juridik

Mer om författaren

Edited by John Raymond LaBrosse, Patterson & LaBrosse Financial Consultants Ltd, Canada and Honorary Visiting Fellow, School of Law, University of Warwick, Rodrigo Olivares-Caminal, Chair in Banking and Finance Law, Centre for Commercial Law Studies, Queen Mary University of London and Dalvinder Singh, School of Law, University of Warwick, UK

Recensioner i media

‘This enlightening volume provides an invaluable guide for those perplexed by the seemingly intractable problems of financial crises, sovereign distress, and government guarantees. Contributors include an all-star cast of leading figures in the field. Highly recommended.’

Innehållsförteckning

Contents:Foreword Joseph J. NortonForewordArthur E. Wilmarth, Jr.PrefaceJohn Raymond LaBrosse, James F. McCollum, Rodrigo Olivares-Caminal and Dalvinder SinghPART I: MANAGING THE FINANCIAL CRISIS1. Managing Crises Without Government Guarantees: How Do We Get There?Christine M. Cumming 2. Improving the Decision-making Framework for Financial Crisis ManagementJohn Raymond LaBrosse and Dalvinder Singh3. Powers and Scope of the Macro-prudential AuthorityCharles A.E. Goodhart4. Resolving Systemically Important Financial Institutions (SIFIs): The Financial Stability Board Key Attributes of Effective Resolution RegimesEva HüpkesPART II: THE SPECIAL PROBLEMS OF EUROPE5. Crisis Management and Guarantees in EuropeCharles Enoch6. Regulatory Responses to the Financial CrisisRosa M. Lastra7. The Federal Agency for Financial Market Stabilisation: From Rescuing to RestructuringChristopher Pleister8. Extraordinary Measures for Extraordinary Times and the Need for Effective Bank Resolution Laws in EuropeGillian G. Garcia and Maria J. NietoPART III: USING GOVERNMENT GUARANTEES9. The Fault Lines in Cross-border Banking: Lessons from the Icelandic CaseMár Guðmundsson10. Government Guarantees and Contingent Capital: Choosing Good Shock AbsorbersDavid G. Mayes11. Public Guarantees on Bank Bonds: Effectiveness and DistortionsGiusèppe Grande, Aviram Levy, Fabio Panetta and Andrea Zaghini12. The Impact of Sovereign Guarantees on the Quality of Bank Debt: Theory and Evidence from EuropeArturo Estrella and Sebastian Schich13. An Insurance Approach for Preventing Financial CrisesMichael Faure and Klaus Heine14. Transforming Bailouts into Investments: A Proposal for the Creation of the Federal Government Investment CorporationJeffrey MannsPART IV: SOVEREIGN DEBT ISSUES15. The Treatment of Contingent Liabilities in a Sovereign Debt RestructuringLee C. Buchheit and Mitu Gulati16. The European Stability Mechanism: Some Notes on a New EU Institution Designed to Avert Financial CrisesRodrigo Olivares-Caminal17. Liquidity Spillovers in Credit Markets During the Eurozone CrisisGiovanni Calice, Jing Chen and Julian WilliamsIndex