Reforming the Governance of the Financial Sector (Routledge International Studies in Money and Banking, 74, Band 74) - Hardcover

Hardcover

ISBN 10: 0415686849 ISBN 13: 9780415686846

Verlag: Taylor & Francis Ltd, 2012

Inhaltsangabe

Many financial institutions have in recent years failed – failed either completely, and gone into bankruptcy, or failed in the sense that they have not achieved what their owners or their customers expected them to deliver. This has had significant and adverse effects on customers, taxpayers, shareholders, and sometimes management. There has been much discussion of what should be done about this, and some action has been taken. But has it been the right kind of action?

Crises of the sort being experienced are low probability but high impact events. This volume, from an international group of scholars, deals with two main issues: firstly, how can the governance of the financial sector by the authorities be improved and secondly, how can the governance of firms and institutions within the sector be improved to render the probability and cost of future crises lower?

Poor governance has been one of the major contributors to the global financial crisis. With better governance of and in the financial sector the financial crisis might well have been avoided altogether and certainly could have been much milder in its impact. This is not simply a case of being wise after the event. These problems were widely discussed before the event, but little action was taken. This book explores not only what the contribution of poor governance was to the crisis and to its depth, but also why it is often difficult to improve governance. The volume offers a positive critique of the measures that are being put in place in the light of the experience of the crisis and suggests how they might plausibly be improved.

This book will be of particular interest to students and researchers of economics and international finance, but will also prove profitable reading for practitioners and the interested public.

Über diesen Titel

Über die Autorin bzw. den Autor

David G. Mayes is BNZ Professor of Finance and Director of the New Zealand Governance Centre and the Europe Institute at the University of Auckland, New Zealand.

Geoffrey Wood

is Professor Emeritus of Economics at Cass Business School, City University, UK and Professor Emeritus of Monetary Economics at the University of Buckingham, UK.

Details zur Ausgabe

• Verlag: Taylor & Francis Ltd
• Erscheinungsdatum: 2012
• Sprache: Englisch
• ISBN 10: 0415686849
• ISBN 13: 9780415686846
• Einband: Gebundene Ausgabe
• Auflage: 1
• Anzahl der Seiten: 302
• Herausgeber: Mayers David G., Wood Geoffrey
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Taylor & Francis Verlag GmbH; GPSR@taylorandfrancis.com; ; Kaufingerstraße 24, 80331 München, Germany; München; Deutschland