Institutional Credit Markets: Structure, Funding, and Regulation - Hardcover

Gabilondo, José

Hardcover

ISBN 10: 1788118367 ISBN 13: 9781788118361

Verlag: Edward Elgar Publishing Ltd, 2023

Inhaltsangabe

Institutional Credit Markets provides a framework for understanding the institutional funding markets that undergird the U.S. credit system. It traces the evolution of the depository bank model, its non-bank competitors, and the financial conglomerates that span credit and capital markets.

As securitization introduced structured credit products that rezoned credit markets, federal reforms let banks venture into a wider range of financial services. After the Global Financial Crisis revealed cracks in the system, lawmakers affirmed pre-crisis products and business models while adding some guardrails. The post-crisis scheme subjected large financial conglomerates to enhanced supervision while adjusting the structure of banks by making them more liquid and stable. Through its stabilization activities, the Federal Reserve has morphed from bank regulator to arbiter of financial market structure, now using a more statist approach to monetary policy that relies to a greater extent on administered interest rates rather than those set by the market forces. This book explains post-crisis regulation in terms of its capitulation to financial capitalism.

Financial law regulators and academics will benefit from this integrated account that considers banking, structured finance, capital markets, and money markets as parts of an institutional funding ecosystem. This book will also provide a more nuanced understanding of financial institutions and markets for financial law practitioners, sector analysts and journalists.

Über diesen Titel

Über die Autorin bzw. den Autor

José Gabilondo, Professor of Law, College of Law, Florida International University, US

Details zur Ausgabe

• Verlag: Edward Elgar Publishing Ltd
• Erscheinungsdatum: 2023
• Sprache: Englisch
• ISBN 10: 1788118367
• ISBN 13: 9781788118361
• Einband: Tapa dura
• Anzahl der Seiten: 178
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Nicht verfügbar