Wildy logo
(020) 7242 5778
enquiries@wildy.com

Wildy’s Book News

Book News cover photo

Vol 21 No 11 Nov/Dec 2016

Book of the Month

Cover of Criminal Injuries Compensation Claims

Criminal Injuries Compensation Claims

Price: £99.95

Pupillage & Student Offers

Special Discounts for Pupils, Newly Called & Students

Read More ...


Secondhand & Out of Print

Browse Secondhand Online

Read More...


Democracy and Diversity in Financial Market Regulation (eBook)


ISBN13: 9781134659777
Published: August 2014
Publisher: Routledge
Country of Publication: UK
Format: eBook (ePub)
Price: £29.16 + £5.83 VAT
The amount of VAT charged may change depending on your location of use.


Once the order is confirmed an automated e-mail will be sent to you to allow you to download the eBook.

All eBooks are supplied firm sale and cannot be returned. If you believe there is a fault with your eBook then contact us on ebooks@wildy.com and we will help in resolving the issue. This does not affect your statutory rights.

This eBook is available in the following formats: ePub.


In stock.
Need help with ebook formats?


Also available as

Financial markets have become acknowledged as a source of crisis, and discussion of them has shifted from economics - through legal and regulatory studies - to politics.

Events from 2008 onwards raise important, cross-disciplinary questions: must financial markets drive states into political and existential crisis, must public finances take over private losses, must citizens endure austerity?

This book argues that there is an alternative. If the financial system were less 'connected', clearly contagion within the market would be reduced, and crises would become more localised and intermittent, less global and pervasive. The question then becomes how to reduce connectedness within financial markets.

This book argues that the democratic direction of financial market policies can deliver this. Politicising financial market policies - taking discussion of these issues out of the sphere of the 'technical' and putting it into the same democratically contested space as, for example, health and welfare policies - would encourage differing policies to emerge in different countries.

Diversity of regulatory regimes would result in some business models being attracted to some jurisdictions, others to others. The resulting heterogeneity, when viewed from a global perspective, would be a reversal of recent and current tendencies towards one single/global 'level playing field', within which all financial firms and sectors have become closely connected and across which contagion inevitably reigns.

No doubt, the democratisation of financial market policy would be opposed by many big firms - their interests being served by regulatory convergence - and considered macabre by globetrotting financial regulators and central bankers - who are coalescing into an elite community. However, everyone else, Nicholas Dorn argues here, would be better off in a financial world characterised by greater diversity.

Subjects:
Banking and Finance, eBooks
Contents:
Preface,

Part I. Historical Legacies
Chapter 1. From Clubs To Herds: Private Regulation, Public Façade,
Chapter 2. Bailouts As Policy: Constructing ‘Too Connected To Fail’

Part II. Regulatory Hubris
Chapter 3. Two Readings: Regulatory Insufficiency Or De-Politicisation,
Chapter 4. Europe: From Single Market To Multiple Mechanisms

Part III. Ways Forward
Chapter 5. Limits And Distractions Of Transparency,
Chapter 6. Democracy As Driver Of Global Diversity

Bibliography
Index