 Bank RegulationCarlos M. Peláez and Carlos A. Peláez Chapter 2 in Financial Regulation after the Global Recession, 2009, pp 30-62 from Palgrave Macmillan Abstract: Abstract The first few sections in this chapter consider the approaches to bank regulation. The emphasis in policy proposals is on the approach of prudential and systemic regulation, which is based largely on collective or government action to correct market failures, such as the current credit/dollar crisis. The competing approach focuses on the functions of finance allowing structural changes, including regulation, with the objective of facilitating innovation to promote effective financial systems. Bank functions are then analyzed, providing foundations for the analysis of banking crises. Housing finance is overwhelmingly important in the current crisis. The innovations in securitization and credit-risk transfer have been profound, motivating regulatory proposals. Two important regulations of banks, minimum capital requirements and deposit insurance, are also considered. The final section provides an overview of the political economy of banking regulation. A final section briefly summarizes the chapter. Keywords: Financial Regulation; Deposit Insurance; Bank Regulation; Small Bank; Bank Capital (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-25124-3_3 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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