Law, Bubbles, and Financial Regulation

Erik Gerding (Autor)

Buch | Softcover

544 Seiten

2016
Routledge (Verlag)
978-1-138-67439-4 (ISBN)

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Financial regulation can fail when it is needed the most. The dynamics of asset price bubbles weaken financial regulation just as financial markets begin to overheat and the risk of crisis spikes. At the same time, the failure of financial regulations adds further fuel to a bubble.

This book examines the interaction of bubbles and financial regulation. It explores the ways in which bubbles lead to the failure of financial regulation by outlining five dynamics, which it collectively labels the "Regulatory Instability Hypothesis." .

The book concludes by outlining approaches to make financial regulation more resilient to these dynamics that undermine law.

Erik F. Gerding is Associate Professor at the University of Colorado Law School

Introduction: The Regulatory Instability Hypothesis Part 1: The Economics and Legal History of Bubbles 1. The Economics of Bubbles 2. A Legal History of Bubbles Part II: The Regulatory Instability Hypothesis 3. Boom, Bust, and the Regulatory Stimulus Cycle in Financial Markets 4. Epidemics of Fraud and Compliance Rot 5. Regulatory Arbitrage Frenzies and the Hydraulics of Investor Demand 6. Deregulation and Regulatory Arbitrage Spirals: a Dance for Two 7. Procyclical Regulation & Herd-Promoting Regulation Part III: Fighting Bubbles, Feeding Bubbles 8. Anti-bubble Laws 9. Credit and Leverage: The Monetary Dimension of Financial Regulation Part IV: The Panic of 2007-2008 as Master Class in Regulatory Instability: The Shadow Banking Bubble 10. The Shadow Banking System: a Thumbnail Sketch 11. '"Lawyers, Runs, and Money": The Rise and Collapse of Shadow Banking Part V: Lessons and Solutions: 12. Conclusion: Adaptive Laws and Channeling Politics: Designing Robust Regulations and Institutions

Erscheinungsdatum	25.05.2016
Reihe/Serie	The Economics of Legal Relationships
Zusatzinfo	8 Tables, black and white; 21 Line drawings, black and white; 21 Illustrations, black and white
Verlagsort	London
Sprache	englisch
Maße	156 x 234 mm
Gewicht	453 g
Themenwelt	Recht / Steuern ► EU / Internationales Recht
	Recht / Steuern ► Wirtschaftsrecht ► Bank- und Kapitalmarktrecht
	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
	Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
	Wirtschaft ► Volkswirtschaftslehre ► Mikroökonomie
ISBN-10	1-138-67439-7 / 1138674397
ISBN-13	978-1-138-67439-4 / 9781138674394
Zustand	Neuware