|
Books > Business & Economics > Industry & industrial studies > Service industries > Financial services industry
|
Buy Now
Democracy and Diversity in Financial Market Regulation (Hardcover)
Loot Price: R4,211
Discovery Miles 42 110
|
|
|
Democracy and Diversity in Financial Market Regulation (Hardcover)
Expected to ship within 10 - 15 working days
|
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.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
You might also like..
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
