{"product_id":"9789814520300","title":"Social Value Of The Financial Sector, The: Too Big To Fail Or Just Too Big?: Too Big to Fail or Just Too Big?","description":"\u003cp\u003eAs a result of the recent financial crisis, there has been significant public debate on the role of the financial sector in bringing about the “Great Depression.” More generally, there has been debate about whether the current industry structure has enhanced social welfare or served a detrimental role.\u003c\/p\u003e\u003cp\u003eThis book is a collection of papers presented at the conference held at the Federal Reserve Bank of Chicago, in November 2012 that examined the social value of the financial sector as currently structured. Issues evaluated include what are the perceived benefits and costs of the current financial system? How valuable have industry innovations been for society? Should regulation be used to “move” the industry in a direction thought to be more valuable for society? Should “big” banks be broken up?  What are the welfare implications of the current industry structure? In the book, leading industry scholars debate these issues with a goal of influencing public policy toward the industry.\u003c\/p\u003e\u003cbr\u003e\u003cb\u003eContents:\u003c\/b\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cb\u003e\u003ci\u003eKeynote Addresses:\u003c\/i\u003e\u003c\/b\u003e\u003cul\u003e\n\u003cli\u003eA Ferment of Regulatory Proposals \u003ci\u003e(Charles A E Goodhart)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eProgress and Priorities for Financial Reform \u003ci\u003e(Mary John Miller)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003e\u003ci\u003eDescription and Measurement of the Financial System:\u003c\/i\u003e\u003c\/b\u003e\u003cul\u003e\n\u003cli\u003eWhat Is Meaningful Banking Reform, Why Is It So Necessary … and So Unlikely? \u003ci\u003e(Charles W Calomiris)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eThe Great Leveraging \u003ci\u003e(Alan M Taylor)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eFinance and Economic Development in a Model with Credit Rationing \u003ci\u003e(Jean-Louis Arcand, Enrico Berkes, and Ugo Panizza)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eToo Much Finance, Too Much Credit? Comments on Papers by Calomiris, Arcand–Berkes–Panizza, and Taylor \u003ci\u003e(Eugene N White)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003e\u003ci\u003eSocial Benefits and Costs of the Current Financial System:\u003c\/i\u003e\u003c\/b\u003e\u003cul\u003e\n\u003cli\u003eBank Regulatory Reforms and Racial Wage Discrimination \u003ci\u003e(Ross Levine, Alexey Levkov, and Yona Rubinstein)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eFinance: Economic Lifeblood or Toxin? \u003ci\u003e(Marco Pagano)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eFinance: Is Bigger Badder? \u003ci\u003e(Gerard Caprio, Jr)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003e\u003ci\u003eFinancial Industry Innovation:\u003c\/i\u003e\u003c\/b\u003e\u003cul\u003e\n\u003cli\u003eA Proposal for the Resolution of Systemically Important Assets and Liabilities: The Case of the Repo Market \u003ci\u003e(Viral V Acharya and T Sabri Öncü)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eReexamining Financial Innovation after the Global Financial Crisis \u003ci\u003e(W Scott Frame and Lawrence J White)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eFinancial Innovation and Shadow Banking \u003ci\u003e(Luc Laeven)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003e\u003ci\u003eEffects of Regulation, the Safety Net and Other Government Guarantees:\u003c\/i\u003e\u003c\/b\u003e\u003cul\u003e\n\u003cli\u003eEvolving Intermediation \u003ci\u003e(Nicola Cetorelli)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eThe Socially Optimal Level of Capital Requirements: A View from Two Papers \u003ci\u003e(Javier Suarez)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eEffects of Regulation, the Safety Net, and Other Government Guarantees \u003ci\u003e(Mathias Dewatripont)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003e\u003ci\u003eFinance and Economic Activity: Variations across Emerging and Developed Markets:\u003c\/i\u003e\u003c\/b\u003e\u003cul\u003e\n\u003cli\u003eLegal and Alternative Institutions in Finance and Commerce \u003ci\u003e(Franklin Allen and Jun “QJ” Qian)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eFinance in the Tropics: Understanding Structural Gaps and Policy Challenges \u003ci\u003e(Thorsten Beck)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eForeign Banks: Access to Finance and Financial Stability \u003ci\u003e(Neeltje van Horen)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eInstitutions, Finance, and Economic Activity: Views and Agenda \u003ci\u003e(Elias Papaioannou)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003e\u003ci\u003eBreak Up the Big Banks?:\u003c\/i\u003e\u003c\/b\u003e\u003cul\u003e\n\u003cli\u003eBreaking (Banks) Up Is Hard to Do: New Perspective on Too Big to Fail \u003ci\u003e(James R Barth and Apanard (Penny) Prabha)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eRestructuring the Banking System to Improve Safety and Soundness \u003ci\u003e(Thomas M Hoenig and Charles S Morris)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eEnding Too Big to Fail: A Proposal for Reform \u003ci\u003e(Richard W Fisher and Harvey Rosenblum)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003e\u003ci\u003eWhere to From Here? The Implications for Financial Regulatory Policy:\u003c\/i\u003e\u003c\/b\u003e\u003cul\u003e\n\u003cli\u003eWhere to From Here? Implementation, Implementation, Implementation \u003ci\u003e(Claudio Borio)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eComplexity in Financial Regulation \u003ci\u003e(Andrew G Haldane and Vasileios Madouros)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eFinancial Reform: On the Right Road, at the Right Pace? \u003ci\u003e(Thomas F Huertas)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eBanking Regulation and Supervision in the Next 10 Years and Their Unintended Consequences \u003ci\u003e(Danièle Nouy)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eThe Social Value of the Financial Sector: Where to From Here? \u003ci\u003e(Barbara A Rehm)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003ePublic Policy Options \u003ci\u003e(Jürgen Stark)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\u003cbr\u003e\u003cb\u003eReadership:\u003c\/b\u003e Undergraduate\/graduate students, researchers, and academics in international finance and banking; financial regulators, financiers, and bankers.\u003cbr\u003e","brand":"World Scientific Publishing Company, Incorporated","offers":[{"title":"Default Title","offer_id":47139927621872,"sku":"9789814520300","price":64.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9789814520300_p0.jpg?v=1763691770","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9789814520300","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}