Financial Crisis and the Regulation of Finance

Edited by Christopher J. Green, Professor of Economics and Finance, Eric J. Pentecost, Professor of Economics and Tom Weyman-Jones, Professor of Industrial Economics, Loughborough University, UK

• Contents:PART I: THE FINANCIAL CRISIS1. IntroductionChristopher J. Green, Eric J. Pentecost and Tom Weyman-Jones2. ‘The Day the Music Died’: The Financial Tsunami of 2007–09Christopher J. Green3. An Emerging Markets Perspective on the Recent CrisisGeoffrey DennisPART II: REGULATION IN RETROSPECT AND PROSPECT4. Economic Evidence and Financial RegulationPeter Andrews5. The Economic Rationale for Financial Regulation Reconsidered: An Essay in Honour of David Llewellyn Richard J. Herring and Reinhard H. Schmidt6. Moral HazardCharles GoodhartPART III: MACROPRUDENTIAL REGULATION7. Implementing the Macroprudential Approach to Financial Regulation and SupervisionClaudio Borio8. Rules for Money and Rules for Finance: A New Relationship After the Crisis?Franco Bruni9. Financial Crises from 1803 to 2009: The Crescendo of Moral HazardForrest Capie and Geoffrey WoodPART IV: REGULATION OF FINANCIAL FIRMS10. Early Intervention and Prompt Corrective Action in EuropeDavid G. Mayes11. The World of Unintended Consequences: A Post-Mortem on Regulation Q and Prologue for the FutureRobert A. Eisenbeis and George G. Kaufman12. UK Financial Reform Post Crisis: Is More Regulation the Answer?Shelagh HeffernanPART V: INFORMATION, SHAREHOLDERS AND PROJECTS13. Asymmetries in Financial Information, Risk and Know-how: The Roles of Disclosure Rules, Financial Safety Nets and Market DisciplineMorten Balling14. ‘The New Masters of the Universe’: Institutional Shareholder Engagement and the Regulation and Governance of BanksAndy Mullineux15. Minimizing Collateral Damage: Options for Financing Public–Private Partnerships in the Wake of the Financial CrisisDarrin Grimsey and Mervyn K. LewisIndex

'With weighty issues being assessed and addressed by major economists, this book proves to be a very worthwhile read. The chapters investigate and address most of the challenges that financial regulators and supervisors are still confronted with and offers leads that are indeed on their agenda for reforming the architecture of regulation.'--Catherine Lubochinsky, SUERF