Coverart for item
The Resource Democracy and diversity in financial market regulation, Nicholas Dorn

Democracy and diversity in financial market regulation, Nicholas Dorn

Label
Democracy and diversity in financial market regulation
Title
Democracy and diversity in financial market regulation
Statement of responsibility
Nicholas Dorn
Creator
Subject
Language
eng
Summary
"The book introduces international developments through a hundred years history of regulation on the City of London. Regulation is shown to be a historically-entrenched masquerade: private regulation behind a public façade. The UK reconciled the coming of democracy with a continuation of private regulation in the City by holding them separate. International networking and EU integration channelled UK and US traditions and their consequences into Europe. The pre-crisis myth was that expertise could steer financial markets. Technocrats drove policies. Agenda making drifted upward, from the national (or more specifically city) level, to international networks. Convergence of regulatory thinking and rule making levelled the 'playing field' - to the advantage of large transnational market participants, yet exacerbating market herding, similarity of business strategies, connectedness, contagion and crises. Democratic steering has the potential to introduce greater diversity into international regulatory regimes. Yet powerful forces continue to push for greater convergence and less democracy. In reaction to the Eurozone crisis, policy elites constructed new 'mechanisms', minimising influences from European and national courts, parliaments and citizens. The US, having developed the default option of public bailout of private risk-taking, urged bank bailouts in the Eurozone, weakening sovereigns. Technocracy was wounded by crises but then rebounded. Democracy and Diversity in Financial Market Regulation will appeal to all those looking for a historically, politically and culturally based approach to financial market regulation."--
Assigning source
Provided by publisher
Cataloging source
DLC
http://library.link/vocab/creatorName
Dorn, Nicholas
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Financial services industry
  • Financial institutions
  • Democracy
Label
Democracy and diversity in financial market regulation, Nicholas Dorn
Instantiates
Publication
Note
"GlassHouse book"
Bibliography note
Includes bibliographical references (pages 153-174) and index
Carrier category
volume
Carrier MARC source
rdacarrier.
Content category
text
Content type MARC source
rdacontent.
Control code
FIEb17587694
Dimensions
25 cm.
Extent
xix, 182 pages
Isbn
9780415712170
Media category
unmediated
Media MARC source
rdamedia.
System control number
(OCoLC)879983080
Label
Democracy and diversity in financial market regulation, Nicholas Dorn
Publication
Note
"GlassHouse book"
Bibliography note
Includes bibliographical references (pages 153-174) and index
Carrier category
volume
Carrier MARC source
rdacarrier.
Content category
text
Content type MARC source
rdacontent.
Control code
FIEb17587694
Dimensions
25 cm.
Extent
xix, 182 pages
Isbn
9780415712170
Media category
unmediated
Media MARC source
rdamedia.
System control number
(OCoLC)879983080

Library Locations

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