Financial Institutions and Markets : The Financial Crisis: An Early Retrospective

This book is a collection of research papers that contribute to the understanding of ongoing developments in financial institutions and markets both in the United States and globally, including an in-depth look at topics such as universal access, cost recovery, and payment services; the transparency of global monetary policy; and the crisis of financial regulation. Front Matter....Pages i-xv Front Matter....Pages 1-1 Banking from Riches to Rags: Ignoring the Supervisory Red Flags and Thwarting Prompt Corrective Action....Pages 3-35 Too Much Right Can Make a Wrong: Setting the Stage for the US Financial Crisis....Pages 37-69 The U.K. Banking Crisis....Pages 71-92 The Sub-Prime Crisis, the Credit Crunch, and Bank “Failure”: An Assessment of the U.K. Authorities’ Response....Pages 93-125 Financial Crisis and Regulation: The Case of Spain....Pages 127-145 Basel II Has Been a Costly Distraction on the Road to Minimizing the Societal Cost of Bank Failures and Financial Crises....Pages 147-156 Fannie Mae and Freddie Mac: Creatures of Regulatory Privilege....Pages 157-184 Front Matter....Pages 185-185 Uncertainty and Transparency of Monetary Policy....Pages 187-203 Privatization and Governance Regulation in Frontier Emerging Markets: The Case of Romania....Pages 205-224 Universal Access, Cost Recovery, and Payment Services....Pages 225-240 Estimating the Volume of Counterfeit U.S. Currency in Circulation Worldwide: Data and Extrapolation....Pages 241-268 This book is a collection of research papers that contribute to the understanding of ongoing developments in financial institutions and markets both in the United States and globally. This book is a collection of research papers that contribute to the understanding of ongoing developments in financial institutions and markets both in the United States and globally