Complexity and Crisis in the Financial System

Edited by Matthew Hollow, University of York, Folarin Akinbami and the late Ranald Michie, formerly Durham University, UK

‘This volume truly brings together an interdisciplinary, long-term, financial and legal understanding of financial crises. Contributions from top scholars in the different fields make this a must read for anyone interested in the business and economic development of financial institutions and practices.’

• Contents:Introduction - Rethinking the Crisis–Complexity NexusMatthew HollowPART I COMPLEXITY AND CRISES IN FINANCIAL SYSTEMS1. Financial Innovation and the Consequences of Complexity: Insights from Major US Banking CrisesRobert F. Bruner, Sean D. Carr and Asif Mehedi2. Entrepreneurial Failure and Economic Crisis: A Historical PerspectiveMark Casson3. Nature or Nurture: The British Financial System since 1688Ranald Michie4. The British Banking Population: 1790 to 1982Ian BondPART II LEGISLATIVE AND STRUCTURAL CHANGES IN THE FINANCIAL SECTOR5. From Tort to Finance: Delaware’s Sedative Duty to MonitorDalia Tsuk Mitchell6. Demutualization and Risk: The Rise and Fall of the British Building SocietyAndrew Campbell and Judith M. Dahlgreen7. Directors in the Dock: Joint-stock Banks and the Criminal Law in Nineteenth-century BritainJames Taylor8. UK Corporate Law and Corporate Governance before 1914: A Re-interpretationJames Foreman-Peck and Leslie Hannah 9. Effective Risk Management and Improved Corporate GovernanceRoman Tomasic and Folarin Akinbami PART III MANAGING AND REGULATING COMPLEX FINANCIAL SYSTEMS10. The Historical Development of the US Government’s Responses to Economic and Financial CrisesPeter H. Bent11. From the Mid-nineteenth-century Bank Failures in the UK to the Twenty-first-century Financial Policy Committee – Changing Views of Responsibility for Systemic StabilityT. T. Arvind, Joanna Gray and Sarah Wilson12. Financial Reporting, Banking and Financial Crisis: Past, Present and FutureMark Billings13. Financial Crises and Disaster ManagementJohn SingletonIndex