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I fallimenti del capitalismo. Come aggiustare il sistema
€ 68,50 -
Asset Management and Investor Protection
Asset management is a major industry playing an increasingly important role in economic activity around the world. Asset managers provide services to individuals, governments, public agencies, banks, pension funds, insurance companies, and charities, to name a few. Traditionally, asset management has been primarily associated with the 'stock market' economies of the UK and the USA, but, as this book shows, some of the most spectacular growth in activity of recent years has occurred in Continental Europe.This has presented opportunities and challenges. New forms of financial instruments and institutions have emerged in countries that have traditionally relied on debt and non-market forms of intermediation. Competition has intensified, and entry has occurred both within and across national markets. However, this growth has been accompanied by potential problems: while investors enjoy a wider range of products and services, they face more complex instruments and transactions. Therefore, the potential for failures, such as misdealing and fraud, may have increased. The natural response is to strengthen regulation, but there is a fine balance to be struck between inadequate and excessive regulation of asset managers.This is particularly complicated in the context of European capital markets. European countries have traditionally had very different financial systems and asset management businesses, therefore it is no surprise to discover many different approaches to regulating asset managers. How should the European Commission respond to this diversity? Should it seek to create greater uniformity via common regulatory rules?The particular focus of this book is financial resource requirements. There is currently an active debate about the role capital requirements should play in asset management, particularly in the European context. In order to address this issue, the authors argue that it is necessary to understand the nature of the asset management business in different countries and the risks that it faces. They therefore discuss how the asset management business operates; how it is organized; the nature and size of risks in the business, who bears them, and how they are financed; and what the alternative forms of investor protection are, together with their associated costs and benefits.
€ 64,40 -
Asset Management and Investor Protection
Scandals in financial institutions, weakness in the world economy, and volatility in financial markets bring to the fore front issues of regulation and consumer protection. This comparative survey of how investors are currently protected in a range of countries in Europe and the United States is set in an accessible and theoretical framework. It will be invaluable for academics and students involved in the analysis of financial markets and regulation as well as practitioners in financial institutions and regulatory authorities.
€ 99,80 -
The Regulatory Challenge
The last decade has witnessed the introduction of an elaborate system of regulation in the UK. Whole segments of British industry are now operating under the supervision of regulatory bodies similar to the government departments they were designed to replace. Regulation has been an inevitable part of the structural changes in the 1980s, notably the privatization program and changes in the financial services industries. This book assesses these developments across a number of sectors (utilities, telecommunications, financial services, health, and higher education) and offers a range of perspectives for understanding the various objectives, mechanisms, and institutions involved. The book offers important insights into the way in which the structure of privatized industries interact with the form of regulation.
€ 52,30 -
Finance and Investment: The European Case
Bringing together leading researchers from around the world, Finance and Investment considers the causes for the persistently low level of investment in Europe, examining the extent to which the financial system is a contributory factor and identifying possible remedies.
€ 53,00 -
Principles of Financial Regulation
Examining the subject from a holistic and multidisciplinary perspective, Principles of Financial Regulation considers the underlying policies and the objectives of financial regulation.
€ 278,50 -
Principles of Financial Regulation
Examining the subject from a holistic and multidisciplinary perspective, Principles of Financial Regulation considers the underlying policies and the objectives of financial regulation.
€ 55,50 -
Handbook of European Financial Markets and Institutions
The development and integration of financial markets is at the forefront of academic and policy debates around the world. Nowhere is this more in evidence than in Europe where the integration of financial markets is a primary objective of the European Commission and fully supported by the European Central Bank. This book brings together leading economists from across the world to analyse the central issues in the development and integration of financial markets from a European perspective whilst highlighting their global relevance. Each contribution is written in a rigorous but non-technical fashion, drawing on the latest theories and empirical evidence making them accessible to lay readers as well as academic specialists. The Handbook of European Financial Markets and Institutions is a must-have reference for policymakers, financial market practitioners, graduate students and academics with an interest in this increasingly important area.
€ 109,20 -
Recent Developments in Corporate Finance
Papers covering financial issues during the late 1970s and early 1980s including the importance of informational asymmetries and taxation.
€ 125,70 -
Capital Markets and Financial Intermediation
Financial intermediation is currently a subject of active academic research on both sides of the Atlantic. European financial integration raises major policy issues about the risks of banking competition and the appropriate regulation of banks and other financial intermediaries. The choice of Anglo-American vis-à -vis Continental European forms of financial markets is also central to Eastern Europe's transformation. This volume contains theoretical papers at the forefront of academic research that shed light on banking and security markets and banking competition.
€ 144,50 -
Privatization and Economic Performance
One of the most enduring legacies of the 1980s has been the programme of privatizations that the Thatcher government set in train in the first half of the decade. Whole sectors of the UK economy which were formerly part of the public sector were sold off to the private sector. Some were bought out by their employees; others were bought by the public at large. Some public services were contracted out to the private sector; others were placed on a more commercial footing. The UK privatization programme had an influence on economic policy throughout the world. Privatization programmes were initiated in Asia, South America, and Africa, as well as Europe and North America. The most recent to experiment with privatizations have been the East European countries which have seen privatization as the fastest route to move from socialism to capitalism. The purpose of this book is to stand back and examine what has been learnt from the extensive programme of privatization that the UK government has completed, and to consider what aspects of privatization remain to be done. This book attempts to evaluate different sectors of the UK economy over the past 10 years. It examines what has happened and why, where have been the successes and failures, what lessons can be learnt for the design of privatization programmes elsewhere and what can the UK government still can do usefully in this area.
€ 79,10 -
Capital Markets and Financial Intermediation
In this volume leading academics from Europe and North America review 'state-of-the-art' theories of banking and financial intermediation and discuss their policy implications.
€ 52,40