This enlightening volume provides an invaluable guide for those perplexed by the seemingly intractable problems of financial crises, sovereign distress, and government guarantees. Contributors include an all-star cast of leading figures in the field. Highly recommended' - Geoffrey Miller, New York University, US'The history of the 2007-09 and possibly beyond near-global financial crisis needs to be examined carefully in order to identify and understand the causes, the transmission across countries, the harm to macroeconomies, the public policies adopted, the effectiveness of such policies, and the lessons to be learned to prevent or at least mitigate future such crises. This volume contributes to this task. It brings together under one cover the analyses of the various aspects of the crisis by experts in each area. It should be priority reading for serious students of the crisis.' - George G. Kaufman, Loyola University Chicago, US 'The combination of the skills of the lawyer and of the economist has proved increasingly fruitful, developing both understanding and policy in many areas of life, such as accident prevention, crime prevention, and healthcare. This book follows the precedent of these areas and assembles a group of lawyers and economists who by their contributions, consider how best to deal with financial crises, and how to make their future occurrence less likely. It is both intellectually stimulating and practically important. The authors and editors are to be congratulated.' - Geoffrey Wood, Cass Business School and University of Buckingham, UK Financial Crisis Containment and Government Guarantees analyzes the international community's commitment to forging enhanced, well thought-out, mechanisms for containing systemic risks in the context of a highly interconnected global financial framework which incorporates ongoing financial innovation. While use of government guarantees is a central theme, the book also analyses the roles played by prudential regulators, central banks, deposit insurers and treasuries in dealing with the crisis. The book examines how governments, central banks, regulators and deposit insurance agencies have worked together to contain the global financial crisis. Additionally, it focuses on efforts to overcome ongoing obstacles, as well as the most important proposals to improve safety nets, both at the national level and internationally. This concise and detailed book will strongly appeal to students in law, economics and finance, law practitioners, policymakers in central banks and ministries of finance, as well as deposit protection agencies and regulatory agencies. Contributors: L.C. Buchheit, G. Calice, J. Chen, C.M. Cumming, C. Enoch, A. Estrella, M. Faure, G.G. Garcia, C.A.E. Goodhart, G. Grande, M. Gulati, M. Gudmundsson, K. Heine, E. Hupkes, J.R. LaBrosse, R.M. Lastra, A. Levy, J. Manns, D.G. Mayes, J.F. McCollum, M.J. Nieto, J.J. Norton, R. Olivares-Caminal, F. Panetta, C. Pleister, S. Schich, D. Singh, J. Williams, A.E. Wilmarth, Jr., A. Zaghini

Managing Risk in the Financial System makes important and timely contributions to our knowledge and understanding of banking law, financial institution restructuring and related considerations, through the production of an innovative, international and interdisciplinary set of contributions which link law and policy issues surrounding systemic risk and crisis management. The recent financial crisis has exposed both the banking industry and financial system safety net players in many countries to a considerable level of distress as well as economic and reputational damage. These circumstances have heightened the need for policy makers to consider remedial measures under a broad umbrella that encompass inter alia prompt corrective actions, early closure of distressed entities, deposit insurance, bail-outs, state-aid, bank resolution and restructuring techniques. These essays provide an important contribution to research in this area, at a crucial time in the debate around the future financial industry. This unique and detailed volume should be of considerable interest to students of law, economics and finance, law practitioners and policy makers in central banks and ministries of finance. Law, business and finance faculties will benefit from having this book in their collections, as will deposit protection agencies and regulatory agencies. Contributors include: J.-H. Binder, R.R. Bliss, L.C. Buchheit, C. Enoch, G.G.H. Garcia, D.F. Gray, M. Gulati, G. Gunnarsson, K. Hj Arshad, A.A. Jobst, A. Kabiri, G.G. Kaufman, I. Kokkoris, J.R. LaBrosse, R.M. Lastra, D. Mayes, J.F. McCollum, J.F. McEldowney, I. Moosa, M.J. Nieto, G. Ogunleye, K. Papadakis, R. Olivares-Caminal, Y. Redjah, R. Rosen, J. Roy, J.P. Sabourin, S. Schich, J. Selody, A. Sighvatsson, D. Singh, J. Snape, R. Turk-Ariss, G.A. Walker, L.D. Wall, A.E. Wilmarth Jr., G. Wood

The review articles collected in this volume present a critical assessment of particle acceleration mechanisms and observations from suprathermal particles in the magnetosphere and heliosphere to high-energy cosmic rays, thus covering a range of energies over seventeen orders of magnitude, from 103 eV to 1020 eV. The main themes are observations of accelerated populations from the magnetosphere to extragalactic scales and assessments of the physical processes underlying particle acceleration in different environments (magnetospheres, the solar atmosphere, the heliosphere, supernova remnants, pulsar wind nebulae and relativistic outflows). Several contributions review the status of shock acceleration in different environments and also the role of turbulence in particle acceleration. Observational results are compared with modelling in different parameter regimes. The book concludes with contributions on the status of particle acceleration research and its future perspectives. This volume is aimed at graduate students and researchers active in astrophysics and space science. Previously published in Space Science Reviews journal, Vol. 173 Nos. 1-4, 2012.

Presents a comprehensive review of physical processes in astrophysical plasmas.
This title presents a review of the detailed aspects of the physical processes that underlie the observed properties, structures and dynamics of cosmic plasmas. An assessment of the status of understanding of microscale processes in all astrophysical collisionless plasmas is provided. The topics discussed includeturbulence in astrophysical and solar system plasmas as a phenomenological description of their dynamic properties on all scales;observational, theoretical and modelling aspects of collisionless magnetic reconnection; the formation and dynamics of shock waves; and a review and assessment of microprocesses, such as the hierarchy of plasma instabilities, non-local and non-diffusive transport processes and ionisation and radiation processes.In addition, some of the lessons that have been learned from the extensive existing knowledge of laboratory plasmas as applied to astrophysical problems are also covered.This volume is aimed at graduate students and researchers active in the areas of cosmic plasmas and space science.Originally published in Space Science Reviews journal, Vol. 278/2-4, 2013."

The review articles collected in this volume present a critical assessment of particle acceleration mechanisms and observations from suprathermal particles in the magnetosphere and heliosphere to high-energy cosmic rays, thus covering a range of energies over seventeen orders of magnitude, from 103 eV to 1020 eV. The main themes are observations of accelerated populations from the magnetosphere to extragalactic scales and assessments of the physical processes underlying particle acceleration in different environments (magnetospheres, the solar atmosphere, the heliosphere, supernova remnants, pulsar wind nebulae and relativistic outflows). Several contributions review the status of shock acceleration in different environments and also the role of turbulence in particle acceleration. Observational results are compared with modelling in different parameter regimes. The book concludes with contributions on the status of particle acceleration research and its future perspectives. This volume is aimed at graduate students and researchers active in astrophysics and space science. Previously published in Space Science Reviews journal, Vol. 173 Nos. 1-4, 2012.

Deposit insurance has risen rapidly over the last few years across the world. It was brought into renewed prominence with the reform of the system in the United States in the 1980s after the Savings and Loans crisis, and was accelerated by the rash of financial crises that have struck Europe, Asia and South America in recent years. The contributions to this volume strike a fascinating balance between the interest of regulators, the view of academics as to how the issues should be handled, and the interests of banks and their depositors.

The critical challenges to the British NHS are the consequences of us all living longer, having to manage chronic conditions over time, expecting and demanding more, and being denied many innovative new drugs (notably, for cancer) which cannot be afforded at present by the too narrowly funded NHS. This needs to be changed, in line with more successful funding systems in Europe, Australia, and the Far East, where outcomes are much better than in the UK. This radical new book offers economic solutions based on direct financial incentives to the individual to care for themselves better, to save and invest in future funding, for a much broader funding base including the greater use of insurance, and to ask government to re-appraise the system urgently. It will be controversial, and will spark lively new debate, as well as serving as a student text for courses concerned with healthcare, and clinical practise. This new book follows Professor Spiers several successful previously published commentaries on the NHS and public policy, including Who Decides Who Decides? Enabling choice, equity, access, improved performance and patient guaranteed care, published by Radcliffe Medical Press."