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Vol 23 No 5 May/June 2018

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Economics of Financial Law

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Edited by: Geoffrey P. Miller

ISBN13: 9781783471829
Published: February 2016
Publisher: Edward Elgar Publishing Limited
Country of Publication: UK
Format: Hardback, 2 Volumes
Price: £485.00

Despatched in 4 to 6 days.

Covering the most important areas of the subject, such as financial crises, the nature of the banking firm and issues in bank regulation, Economics of Financial Law is a comprehensive collection of the papers that have shaped the field of financial law.

The original introduction by editor Professor Geoffrey Miller provides a thorough and authoritative examination of the material and, together with the articles included, will prove to be an invaluable resource for academics and practitioners alike.

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Banking and Finance, Law and Economics
Volume I

Introduction Geoffrey P. Miller

1. George J. Benston (2004), ‘What’s Special About Banks?’, Financial Review, 39 (1), February, 13–33
2. Martin Hellwig (1998), ‘Banks, Markets, and the Allocation of Risks in an Economy’, Journal of Institutional and Theoretical Economics, 154 (1), March, 328–45
3. Anil K. Kashyap, Raghuram Rajan and Jeremy C. Stein (2002), ‘Banks as Liquidity Providers: An Explanation for the Coexistence of Lending and Deposit-Taking’, Journal of Finance, 57 (1), February, 33–73
4. Douglas W. Diamond and Raghuram G. Rajan (2001), ‘Liquidity Risk, Liquidity Creation, and Financial Fragility: A Theory of Banking’, Journal of Political Economy, 109 (2), April, 287–327

5. Gary Gorton and Andrew Metrick (2010), ‘Regulating the Shadow Banking System’, Brookings Papers on Economic Activity, 41 (2), Fall, 261–312
6. Morgan Ricks (2012), ‘A Regulatory Design for Monetary Stability’, Vanderbilt Law Review, 65 (5), October, 1289–360

7. Charles W. Calomiris and Charles M. Kahn (1991), ‘The Role of Demandable Debt in Structuring Optimal Banking Arrangements’, American Economic Review, 81 (3), June, 497–513
8. Gary Gorton and George Pennacchi (1990), ‘Financial Intermediaries and Liquidity Creation’, Journal of Finance, 45 (1), March, 49–71

9. Gary Gorton and James Kahn (2000), ‘The Design of Bank Loan Contracts’, Review of Financial Studies, 13 (2), April, 331–64
10. Clifford W. Smith, Jr. and Jerold B. Warner (1979), ‘On Financial Contracting: An Analysis of Bond Covenants’, Journal of Financial Economics, 7 (2), June, 117–61
11. Douglas W. Diamond (1984), ‘Financial Intermediation and Delegated Monitoring’, Review of Economic Studies, 51 (3), July, 393–414
12. Franklin Allen and Anthony M. Santomero (1997), ‘The Theory of Financial Intermediation’, Journal of Banking and Finance, 21 (11–12), December, 1461–85

13. Douglas W. Diamond and Raghuram G. Rajan (2000), ‘A Theory of Bank Capital’, Journal of Finance, 55 (6), December, 2431–65
14. Berry K. Wilson and Edward J. Kane (1996), ‘The Demise of Double Liability as an Optimal Contract for Large-Bank Stockholders’, NBER Working Paper No.
5848, December, i, 2–24, notes
15. Benjamin C. Esty (1998), ‘The Impact of Contingent Liability on Commercial Bank Risk Taking’, Journal of Financial Economics, 47 (2), February, 189–218
16. John C. Coffee, Jr. (2011), ‘Systemic Risk After Dodd-Frank: Contingent Capital and the Need for Regulatory Strategies Beyond Oversight’, Columbia Law Review, 111 (4), May, 795–847
17. Patrick Bolton and Frédéric Samama (2012), ‘Capital Access Bonds: Contingent Capital with an Option to Convert’, Economic Policy, 27 (70), April, 277–317
18. Charles W. Calomiris and Richard J. Herring (2013), ‘How to Design a Contingent Convertible Debt Requirement That Helps Solve Our Too-Big-to-Fail Problem’, Journal of Applied Corporate Finance, 25 (2), Spring, 39–62

19. Douglas W. Diamond and Philip H. Dybvig (1983), ‘Bank Runs, Deposit Insurance, and Liquidity’, Journal of Political Economy, 91 (3), June, 401–19
20. Charles W. Calomiris (1990), ‘Is Deposit Insurance Necessary? A Historical Perspective’, Journal of Economic History, 50 (2), June, 283–95


Volume II

An introduction to both volumes by the editor appears in Volume I

1. Franklin D. Roosevelt (1933), ‘First Fireside Chat, Delivered on 12th March 1933’, [accessed at http://www.presidency.ucsb.edu/ws/?pid=14540, 09.07.2015], re-set
2. Viral V. Acharya (2009), ‘A Theory of Systemic Risk and Design of Prudential Bank Regulation’, Journal of Financial Stability, 5 (3), September, 224–55
3. Steven L. Schwarcz (2008), ‘Systemic Risk’, Georgetown Law Journal, 97 (1), 193–249
4. Ben S. Bernanke (1983), ‘Nonmonetary Effects of the Financial Crisis in Propagation of the Great Depression’, American Economic Review, 73 (3), June, 257–76
5. Erik F. Gerding (2009), ‘Code, Crash, and Open Source: The Outsourcing of Financial Regulation to Risk Models and the Global Financial Crisis’, Washington Law Review, 84 (2), 127–98
6. Geoffrey P. Miller and Gerald Rosenfeld (2010), ‘Intellectual Hazard: How Conceptual Biases in Complex Organizations Contributed to the Crisis of 2008’, Harvard Journal of Law and Public Policy, 33 (2), March, 807–40
7. Martin F. Hellwig (2009), ‘Systemic Risk in the Financial Sector: An Analysis of the Subprime-Mortgage Financial Crisis’, De Economist, 157 (2), June, 129–207

8. Kenneth E. Scott (1977), ‘The Dual Banking System: A Model of Competition in Regulation’, Stanford Law Review, 30 (1), November, 1–50
9. Henry N. Butler and Jonathan R. Macey (1988), ‘The Myth of Competition in the Dual Banking System’, Cornell Law Review, 73 (4), May, 677–718
10. Roberta Romano (2014), ‘For Diversity in the International Regulation of Financial Institutions: Critiquing and Recalibrating the Basel Architecture’, Yale Journal on Regulation, 31 (1), Winter, 1–76
11. Brett McDonnell and Daniel Schwarcz (2011), ‘Regulatory Contrarians’, North Carolina Law Review, 89 (5), 1629–79
12. James R. Barth, Gerard Caprio Jr. and Ross Levine (2004), ‘Bank Regulation and Supervision: What Works Best?’, Journal of Financial Intermediation, 13 (2), April, 205–48
13. Eric Posner and E. Glen Weyl (2013), ‘Benefit-Cost Analysis for Financial Regulation’, American Economic Review, 103 (3), May, 1–5

14. KJ Hopt (2013), ‘Corporate Governance of Banks and Other Financial Institutions After the Financial Crisis’, Journal of Corporate Law Studies, 13 (2), October, 219–53
15. Lucian A. Bebchuk (2010), ‘How to Fix Bankers’ Pay’, Daedalus, 139 (4), Fall, 52–60

16. C A E Goodhart (2010), ‘The Changing Role of Central Banks’, Bank for International Settlements (BIS) Working Papers, 326, vii, ix, 1–23
17. Ben S. Bernanke and Mark Gertler (2001), ‘Should Central Banks Respond to Movements in Asset Prices?’, American Economic Review, Papers and Proceedings, 91 (2), May, 253–7
18. Alberto Alesina and Lawrence H. Summers (1993), ‘Central Bank Independence and Macroeconomic Performance: Some Comparative Evidence’, Journal of Money, Credit and Banking, 25 (2), May, 151–62

19. Oren Bar-Gill (2009), ‘The Law, Economics and Psychology of Subprime Mortgage Contracts’, Cornell Law Review, 94, 1073–151
20. Oren Bar-Gill and Elizabeth Warren (2008), ‘Making Credit Safer’, University of Pennsylvania Law Review, 157 (1), November, 1–101
21. Michael S. Barr (2004), ‘Microfinance and Financial Development’, Michigan Journal of International Law, 26 (27), Fall, 271–96


Series: Economic Approaches to Law

Economic Approaches to Legal Reasoning and Interpretation ISBN 9781788111638
Published June 2018
Edward Elgar Publishing Limited
History of Law and Economics ISBN 9781786432988
Published May 2018
Edward Elgar Publishing Limited
Economics of Securities Law ISBN 9781783471812
Published March 2016
Edward Elgar Publishing Limited
Economics of Health Law ISBN 9781781003879
Published February 2016
Edward Elgar Publishing Limited
Economics of Bankruptcy ISBN 9781845426415
Published November 2012
Edward Elgar Publishing Limited
Economics of Intellectual Property Law ISBN 9781845425456
Published December 2007
Edward Elgar Publishing Limited
Economics Of Administrative Law ISBN 9781845429720
Published November 2007
Edward Elgar Publishing Limited
Economics Of Tort Law
Edited by: Alan O. Sykes
ISBN 9781845424541
Published September 2007
Edward Elgar Publishing Limited
Economics Of Evidence, Procedure And Litigation ISBN 9781845429393
Published September 2007
Edward Elgar Publishing Limited
Economics of Conflict of Laws ISBN 9781847200761
Published August 2007
Edward Elgar Publishing Limited
Economics Of Labor And Employment Law ISBN 9781845427061
Published August 2007
Edward Elgar Publishing Limited
Economics of Property Law ISBN 9781847201140
Published July 2007
Edward Elgar Publishing Limited
Economics of Contract Law ISBN 9781845426521
Published February 2007
Edward Elgar Publishing Limited
Economics of Federalism ISBN 9781845425272

Edward Elgar Publishing Limited
Economics of Family Law ISBN 9781845424398

Edward Elgar Publishing Limited
Economics of European Union Law ISBN 9781845426392

Edward Elgar Publishing Limited