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Capital Adequacy in Insurance and Reinsurance

Scott E. Harrington

in Capital Adequacy beyond Basel: Banking, Securities, and Insurance

Published in print:
2005
Published Online:
January 2007
ISBN:
9780195169713
eISBN:
9780199783717
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195169713.003.0002
Subject:
Economics and Finance, Financial Economics

This chapter considers capital adequacy and capital regulation of insurers and reinsurers. A basic theme is that capital standards should be less stringent for financial sectors characterized by ... More


Introduction

Hal S. Scott

in Capital Adequacy beyond Basel: Banking, Securities, and Insurance

Published in print:
2005
Published Online:
January 2007
ISBN:
9780195169713
eISBN:
9780199783717
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195169713.003.intro
Subject:
Economics and Finance, Financial Economics

This introductory chapter begins with a discussion of the proposed revision of the rules for the regulation of capital adequacy developed by the Basel Committee on Banking Supervision. It then ... More


Overwork and market discipline

Patrick McGovern, Stephen Hill, Colin Mills, and Michael White

in Market, Class, and Employment

Published in print:
2007
Published Online:
October 2011
ISBN:
9780199213375
eISBN:
9780191695865
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199213375.003.0005
Subject:
Business and Management, Business History

This chapter describes and deals with a set of ideas linking overwork to external, market discipline. It begins with a discussion of ideas behind the market discipline thesis about overwork. It also ... More


Reforming the Basel Accord and the Use of Subordinated Debt: Making Markets Work for the Regulator

Kern Alexander, Rahul Dhumale, and John Eatwell

in Global Governance of Financial Systems: The International Regulation of Systemic Risk

Published in print:
2005
Published Online:
September 2007
ISBN:
9780195166989
eISBN:
9780199783861
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195166989.003.0011
Subject:
Economics and Finance, Financial Economics

This chapter argues that the implementation of subordinated debt and of Basel II could be significant moves toward the goal of enhancing the effectiveness of market discipline. Both proposals would ... More


Market Disciplines

Paul Johnson

in Liberty and Authority in Victorian Britain

Published in print:
2006
Published Online:
October 2011
ISBN:
9780199271337
eISBN:
9780191699511
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199271337.003.0009
Subject:
History, British and Irish Modern History

The Victorian economy was a market economy like no other — bigger, faster, richer, and more encompassing than man had previously seen. The tentacles of the market spread to every town and village, to ... More


Incentives versus Rules: Alternative Approaches to International Financial Regulation

Kern Alexander, Rahul Dhumale, and John Eatwell

in Global Governance of Financial Systems: The International Regulation of Systemic Risk

Published in print:
2005
Published Online:
September 2007
ISBN:
9780195166989
eISBN:
9780199783861
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195166989.003.0008
Subject:
Economics and Finance, Financial Economics

This chapter considers the role of market discipline and whether it can be relied upon as the only tool of financial regulation. It argues that if this is true, there needs to be at minimum an ... More


Three Enforcement Mechanisms

Jerome Roos

in Why Not Default?

Published in print:
2019
Published Online:
May 2019
ISBN:
9780691180106
eISBN:
9780691184937
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691180106.003.0005
Subject:
Business and Management, Public Management

The structural power of finance in sovereign debt crises is a product of the financial sector's position as the principal creator of credit-money within the capitalist economy, and it revolves around ... More


The Benefits of Contracting

Simon Domberger

in The Contracting Organization: A Strategic Guide to Outsourcing

Published in print:
1998
Published Online:
November 2003
ISBN:
9780198774570
eISBN:
9780191596148
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198774575.003.0003
Subject:
Economics and Finance, Microeconomics

This chapter and the next outline the benefits and costs of contracting out. While there is merit in separating costs from benefits, and that is how managers intuitively think of the issue, the ... More


Market Discipline, Information Processing and Corporate Governance *

Martin F. Hellwig

in Corporate Governance in Context: Corporations, States, and Markets in Europe, Japan, and the US

Published in print:
2005
Published Online:
March 2012
ISBN:
9780199290703
eISBN:
9780191700576
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199290703.003.0020
Subject:
Law, Company and Commercial Law

This chapter discusses the rhetoric, the semantics, and the reality of ‘market discipline’ in the 1990s. It begins with a discussion of what financial ‘markets’ actually do and in what sense one can ... More


Market Discipline

Charlotte Rommerskirchen

in EU Fiscal Policy Coordination in Hard Times: Free Riders on the Storm

Published in print:
2019
Published Online:
March 2019
ISBN:
9780198829010
eISBN:
9780191867446
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198829010.003.0007
Subject:
Political Science, Political Economy

Free riding is endemic. But it is not the type of first-order free riding that politicians and EU officials publicly chastised. Instead, fiscal policy coordination is burdened by a serious internal ... More


Do Global Standards and Codes Prevent Financial Crises?

Benu Schneider

in Capital Market Liberalization and Development

Published in print:
2008
Published Online:
May 2008
ISBN:
9780199230587
eISBN:
9780191710896
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199230587.003.0012
Subject:
Economics and Finance, Development, Growth, and Environmental

Following the crises in emerging market economies, beginning with that of Mexico in the mid-1990s, the adoption of internationally recognized standards and codes (S&C) of financial best practices ... More


Free Riding Beyond Hard Times

Charlotte Rommerskirchen

in EU Fiscal Policy Coordination in Hard Times: Free Riders on the Storm

Published in print:
2019
Published Online:
March 2019
ISBN:
9780198829010
eISBN:
9780191867446
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198829010.003.0009
Subject:
Political Science, Political Economy

Looking ahead, the legacy of the crisis years shapes fiscal policy coordination. The two main aspects of change considered in this chapter are purview and pliancy. First, fiscal policy has ceased to ... More


Can Emerging Market Bank Regulators Establish Credible Discipline?: The Case of Argentina, 1992–99

Charles W. Calomiris and Andrew Powell

in Prudential Supervision: What Works and What Doesn't

Published in print:
2002
Published Online:
February 2013
ISBN:
9780226531885
eISBN:
9780226531939
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226531939.003.0005
Subject:
Economics and Finance, Financial Economics

In recent years, Argentina has undertaken a sweeping reform of its system of prudential supervision, particularly in the aftermath of the tequila crisis in 1994, by using greater reliance on market ... More


The Civil Service

Vernon Bogdanor

in The British Constitution in the Twentieth Century

Published in print:
2004
Published Online:
January 2012
ISBN:
9780197263198
eISBN:
9780191734755
Item type:
chapter
Publisher:
British Academy
DOI:
10.5871/bacad/9780197263198.003.0007
Subject:
Political Science, UK Politics

This chapter examines the history of the civil service in Great Britain. It suggests that the revolution in Whitehall during the last two decades of the twentieth century transformed the civil ... More


The Powers of the Victorian State

Philip Harling

in Liberty and Authority in Victorian Britain

Published in print:
2006
Published Online:
October 2011
ISBN:
9780199271337
eISBN:
9780191699511
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199271337.003.0002
Subject:
History, British and Irish Modern History

This chapter examines five points about the powers of the Victorian State. The first is that the remarkably deep and broad legitimacy that Victorian Britons conferred on their agencies of government ... More


From Theory to Practice

Cornelia Woll

in The Power of Inaction: Bank Bailouts in Comparison

Published in print:
2014
Published Online:
August 2016
ISBN:
9780801452352
eISBN:
9780801471155
Item type:
chapter
Publisher:
Cornell University Press
DOI:
10.7591/cornell/9780801452352.003.0004
Subject:
Political Science, Political Economy

This chapter presents two perspectives in the theoretical discussion of bank bailouts. The moral hazard perspective theorizes the disadvantages of government support by demonstrating that the ... More


Exit Stimulus

Charlotte Rommerskirchen

in EU Fiscal Policy Coordination in Hard Times: Free Riders on the Storm

Published in print:
2019
Published Online:
March 2019
ISBN:
9780198829010
eISBN:
9780191867446
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198829010.003.0008
Subject:
Political Science, Political Economy

This chapter considers the determinants of fiscal policy outcomes during the Consolidation Years 2011–14. It disagrees with the claim that Europe is under the spell of an austerity illusion. Echoing ... More


Public Debt and Multilevel Statehood: Sub-National Fiscal Governance, Structural Imbalances, and ‘Stand-Alone’ Fiscal Capacity

Kenneth Dyson

in States, Debt, and Power: 'Saints' and 'Sinners' in European History and Integration

Published in print:
2014
Published Online:
August 2014
ISBN:
9780198714071
eISBN:
9780191782558
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198714071.003.0017
Subject:
Political Science, European Union

This chapter examines sovereign creditworthiness as a problem in building sub-national fiscal capacity; why it matters; why it generates controversy about its purpose; and how it relates to historic ... More


The Microeconomic Evidence on Capital Controls: No Free Lunch

Kristin J. Forbes

in Capital Controls and Capital Flows in Emerging Economies: Policies, Practices, and Consequences

Published in print:
2007
Published Online:
February 2013
ISBN:
9780226184975
eISBN:
9780226184999
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226184999.003.0005
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter describes the microeconomic consequences of capital controls. It is noted that capital controls can decrease the supply and increase the price of capital, making it more difficult for ... More


Financial Policies

Frederic S. Mishkin, Andrew Crockett, Michael P. Dooley, and Montek S. Ahluwalia

in Economic and Financial Crises in Emerging Market Economies

Published in print:
2003
Published Online:
February 2013
ISBN:
9780226241098
eISBN:
9780226241104
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226241104.003.0003
Subject:
Economics and Finance, International

This chapter examines whether there are financial policies that can prevent financial crises in emerging market countries. It proposes a framework for understanding what a financial crisis is in ... More


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