{"product_id":"9780792393832","title":"Reforming Financial Institutions and Markets in the United States: Towards Rebuilding a Safe and More Efficient System","description":"\u003ch1\u003eReforming Financial Institutions and Markets in the United States: Towards Rebuilding a Safe and More Efficient System\u003c\/h1\u003e \u003ch2\u003eKaufman, George G.\u003c\/h2\u003e \u003cp\u003eThis volume focuses on constructing a safer and more efficient  financial system based on the lessons learned from the financial  debacles of the 1980s. The first essay discusses the economic and  political forces both propelling and opposing widespread banking  reform. The next two essays describe the intellectual history of the  deposit insurance reform provisions of FDICIA, arguably the most  important banking legislation since the Banking Act of 1933, discuss  the weaknesses and strengths of these provisions and make  recommendations for improving the effectiveness of the reforms.  Theoretical and empirical evidence is then summarized and evaluated  with respect to the costs and benefits of regulators granting  forbearance to economically insolvent institutions. An analysis is  given of the whys and hows of privatizing federal deposit insurance in  case the reforms in FDICIA prove ineffective. An examination follows  of the causes and consequences of the Bank of Credit and Commerce  International (BCCI) debacle of the early 1990s and the implications  for the supervision of foreign banks in the United States and  elsewhere. Next the broader issue is discussed of whether U.S.  financial markets affect the behavior of U.S. corporate managers,  particularly whether they encourage managerial myopia. Without  concluding whether such myopia exists, policy options are examined  that would make financial markets more conducive to longer-term  planning, including permitting banks to invest in corporate equity and  thus monitor firms as owners as well as creditors.\u003cbr\u003e\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Springer\u003c\/p\u003e \u003cp\u003ePublication Date: 1993-12-31\u003c\/p\u003e \u003cp\u003eFormat: Hardcover\u003c\/p\u003e \u003cp\u003eISBN-13: 9780792393832\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-94-011-1404-2\u003c\/p\u003e \u003cp\u003eDimensions: 235cm x155cm\u003c\/p\u003e \u003cp\u003ePages: 188\u003c\/p\u003e ","brand":"Springer Netherlands","offers":[{"title":"Default Title","offer_id":46312359100556,"sku":"9780792393832","price":98.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9780792393832.jpg?v=1771524656","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9780792393832","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}