000			04959nam a22006735i 4500
001			205715
003			IT-RoAPU
005			20221214233534.0
006			m|||||o||d||||||||
007			cr || ||||||||
008			210830t20092008nju fo d z eng d
020			_a9780691131467 _qprint
020			_a9781400828319 _qPDF
024	7		_a10.1515/9781400828319 _2doi
035			_a(DE-B1597)9781400828319
035			_a(DE-B1597)446846
035			_a(OCoLC)979632042
040			_aDE-B1597 _beng _cDE-B1597 _erda
050		4	_aHG1725 _b.R63 2008eb
072		7	_aPOL024000 _2bisacsh
082	0	4	_a332.1 _222
084			_aonline - DeGruyter
100	1		_aRochet, Jean-Charles _eautore
245	1	0	_aWhy Are There So Many Banking Crises? : _bThe Politics and Policy of Bank Regulation / _cJean-Charles Rochet.
250			_aCourse Book
264		1	_aPrinceton, NJ : _bPrinceton University Press, _c[2009]
264		4	_c©2008
300			_a1 online resource (320 p.)
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
347			_atext file _bPDF _2rda
505	0	0	_tFrontmatter -- _tContents -- _tPreface and Acknowledgments -- _tGeneral Introduction and Outline of the Book -- _tPART 1. Why Are There So Many Banking Crises? -- _tChapter One. Why Are There So Many Banking Crises? -- _tPART 2. The Lender of Last Resort -- _tChapter Two. Coordination Failures and the Lender of Last Resort: Was Bagehot Right After All? -- _tChapter Three. The Lender of Last Resort: A Twenty-First-Century Approach -- _tPART 3. Prudential Regulation and the Management of Systemic Risk -- _tChapter Four. Macroeconomic Shocks and Banking Supervision -- _tChapter Five. Interbank Lending and Systemic Risk -- _tChapter Six Controlling Risk in Payment Systems -- _tChapter Seven. Systemic Risk, Interbank Relations, and the Central Bank -- _tPART 4 Solvency Regulations -- _tChapter Eight. Capital Requirements and the Behavior of Commercial Banks -- _tChapter Nine. Rebalancing the Three Pillars of Basel II -- _tChapter Ten. The Three Pillars of Basel II: Optimizing the Mix
506	0		_arestricted access _uhttp://purl.org/coar/access_right/c_16ec _fonline access with authorization _2star
520			_aAlmost every country in the world has sophisticated systems to prevent banking crises. Yet such crises--and the massive financial and social damage they can cause--remain common throughout the world. Does deposit insurance encourage depositors and bankers to take excessive risks? Are banking regulations poorly designed? Or are banking regulators incompetent? Jean-Charles Rochet, one of the world's leading authorities on banking regulation, argues that the answer in each case is "no." In Why Are There So Many Banking Crises?, he makes the case that, although many banking crises are precipitated by financial deregulation and globalization, political interference often causes--and almost always exacerbates--banking crises. If, for example, political authorities are allowed to pressure banking regulators into bailing out banks that should be allowed to fail, then regulation will lack credibility and market discipline won't work. Only by insuring the independence of banking regulators, Rochet says, can market forces work and banking crises be prevented and minimized. In this important collection of essays, Rochet examines the causes of banking crises around the world in recent decades, focusing on the lender of last resort; prudential regulation and the management of risk; and solvency regulations. His proposals for reforms that could limit the frequency and severity of banking crises should interest a wide range of academic economists and those working for central and private banks and financial services authorities.
530			_aIssued also in print.
538			_aMode of access: Internet via World Wide Web.
546			_aIn English.
588	0		_aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)
650		0	_aBank failures _xGovernment policy.
650		0	_aBanks and banking _xState supervision.
650		0	_aBanques _xAspect politique.
650		0	_aBanques _xContrôle de l'État.
650		0	_aBanques _xFaillites _xPolitique gouvernementale.
650		0	_aLenders of last resort.
650		7	_aPOLITICAL SCIENCE / Public Policy / Economic Policy. _2bisacsh
700	1		_aDécamps, Jean-Paul _eautore
700	1		_aFreixas, Xavier _eautore
700	1		_aParigi, Bruno M. _eautore
700	1		_aRochet, Jean-Charles _eautore
700	1		_aRoger, Benoît _eautore
700	1		_aTirole, Jean _eautore
700	1		_aVives, Xavier _eautore
850			_aIT-RoAPU
856	4	0	_uhttps://doi.org/10.1515/9781400828319
856	4	0	_uhttps://www.degruyter.com/isbn/9781400828319
856	4	2	_3Cover _uhttps://www.degruyter.com/cover/covers/9781400828319.jpg
942			_cEB
999			_c205715 _d205715