Financial Crises: Types, Causes and Consequences

Name: Financial Crises: Types, Causes and Consequences
Brand: Nova Science Publishers Inc
Price: 281.99 EUR
Availability: OnlineOnly

Wei Shen(Herausgeber*in)

Nova Science Publishers Inc

Erschienen am 26. Oktober 2020

321 Seiten

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Inhalt

Intro
Contents
Preface
Chapter 1
The (Im)morals of Financial Markets: A (Pre)cautionary Look Back to the Global Financial Crisis
Abstract
1. Distilling Corporate Stock
2. Securitizing the Kitchen Sink
3. A Question of Legitimacy
Epilogue
References
Chapter 2
Causes and Costs of U.S. Financial Crisis: Moral Hazards and Recidivist Financial Institutions
Abstract
1. Recidivism in U.S. Financial Institutions
1.1. Financial Institutions as Criminal Actors
1.2. The Recidivist Nature of the Actors
1.3. Incentives to Engage in Recidivism
1.3.1. The Moral Hazards of "Too Big To Fail"
1.3.2. Regulatory Factors
1.4. Financial Institutional Fraud as a Proximate Cause of Financial Crisis
2. Costs of Financial Crisis
2.1. Severe and Sustained Economic Costs
2.2. Questioning the System: Cynicism and Undermining U.S. Social Cohesion
2.3. Hegemonic Rivalry and Financial Stability
Conclusion
Chapter 3
Complexity in Financial Crises
Abstract
Introduction
Financial Systems: Increasingly Complex
What Role Has Complexity Played in Triggering Financial Crises?
Complexity Analysis and Financial Crises
Conclusion
References
Chapter 4
The 2008 Financial Crisis Revisited: Risks and Responses
Abstract
1. Introduction
2. Major Risk Patterns
2.1. Growth Outrunning Capability
2.2. Complacency
2.3. "Normalization of Deviance"
2.4. "Stanton's Law"
2.5. The Ancient Curse: Regulated Firms May Get What They Seek
2.6. Strategic Risk
3. Successfully Navigating the Crisis
4. Enterprise Risk Management: A Tool for Organizational Self-Defense
Conclusion
References
Government Documents
Books
Chapters, Journal Articles and Periodicals
Other Sources
Chapter 5
Neo-Austrian Views of the Global Financial Crisis and Its Aftermath: A Non-Exhaustive Overview
Abstract
Introduction
"Canonical" Austrian Business Cycle Theory and Its Mainstream Critics
Extensions of Canonical ABCT to Explain GFC and Its Aftermath
Complementary Applications of ABCT on the Subprime Crisis and Its Aftermath
Neo-Austrian Deflationist Critique of Fed's Post-Crisis Management
Questioning Deflationist Laissez Faire and Recent Neo-Austrian Responses
Conclusion
References
Appendix
Chapter 6
The Transitional Dynamic of Finance Led Growth
Abstract
1. Introduction
2. The Model
3. Data and Measurements
Measuring
Measuring
Measuring
Measuring
Measuring
4. Examining the Model's Predictions
4.1. The Relationship between Research Efforts and TFP
4.2. The Transitional Dynamic
4.2.1. Does Excess Knowledge in the Financial Sector Explain Aggregate
Productivity Growth?
Conclusion
Data Appendix
Acknowledgment
References
Chapter 7
Impact of Cognitive Abilities on Direct and Indirect Stock Market Participation before and after Crisis
Abstract
1. Introduction
2. Literature Review
2.1. Cognitive Behaviour and Portfolio Choice
2.2. Effects of Global Financial Crisis on Banking Systems and Corporation
2.3. The Effect of the Crisis on Individual Investor's Behaviour
3. Methodology
4. Empirical Results
4.1. Descriptive Statistics and Correlation Matrix
Conclusion
References
Chapter 8
The Effect of Financial Crisis on the Relationship between Intellectual Capital and Financial Performance in the European Context
Abstract
Introduction
Literature Review and Hypothesis Development
Intellectual Capital Concepts
Intellectual Capital, Financial Performance and Financial Crisis
Data, Variables and Method
Database
Estimation Method and Variable Measurement
Empirical Results
Descriptive Statistics and Correlation Matrix
Intellectual Capital, Financial Performance and Financial Crisis
Discussion of the Empirical Results
Conclusion
References
Chapter 9
Theorizing Corporate Governance after the Financial Crisis: Towards Ethical and Relational Governance Theories
Abstract
Introduction
Theorizing Corporate Governance After the Crisis
From Compliance to Ethics
New Corporate Governance Models
Socially Responsible Investing
Benefit Corporations
Virtue Ethics in Corporate Governance
Conclusion
Ethics Training Programs
References
Chapter 10
Internal Demarketing amongst Organisations Emerging from Financial Crises
Abstract
Introduction
Internal Marketing
Demarketing
Internal Demarketing
Revisiting Internal Demarketing through Fresh Data
The Methodological Approach
Case 1: Jack, the Retired Regional Sales Manager
Case 2: Colin, the Former Civil Servant
Key Findings
Unintentional ID
Ostensible IM
Selective IM
Selective ID
Conclusion
References
Chapter 11
Cross-Border Insolvency Law and Practice of Financial Institutions in the Aftermath of Global Financial Crisis
Abstract
Introduction
Resolution of Financial Institutions
Administrative Resolution
Resolution vis-à-vis Insolvency
Principles of Cross-Border Insolvency
Modified Universalism
MLCBI and EIR
Cross-Border Insolvency of Financial Institutions
The Status Quo
U.S.
EU
China
Issues to Be Addressed
Choice of Model: Supranational Authority, Cooperation or Recognition?
Jurisdiction: Shift from COMI/Establishment to Home/Host
Balance of Local Interests: Public Policy Exceptions and Secondary Proceedings
Public Policy Exceptions
Secondary Proceedings
Conclusion
References
Chapter 12
The Impact of the Financial Crisis in Healthcare Sector: Lessons Learned from Six European Countries after the Crisis of 2007
Abstract
Introduction
Greece
Ireland
Portugal
Cyprus
Italy and Spain
Healthcare Systems Overview
Aim
Methods
Design
Eligibility Criteria
Exclusion Criteria
Search Strategy
Results
Literature Search
Studies Results per Country
Spain
Greece
Portugal
Italy
Ireland
Cyprus
Discussion
Strengths and Limitations of the Study
Conclusion
References
Chapter 13
Shadow Banking Risks in China:
Are They the Outcome of the Market or Regulations?
Abstract
Introduction
1. Systemic Risks Caused by Chinese Shadow Banks
1.1. Chinese Banking Liquidity Crisis of 2013
1.2. 2015 Stock Market Turbulence
2. Origins of the Chinese Shadow Banking System
2.1. An Overview of the Chinese Financial System
2.2. Dilemma for Local Governments
3. Chinese Practice: Players and Patterns
3.1. Shadow Banking Borrowers
3.1.1. Enterprises Subject to the Government Credit Policy Restriction
3.1.2. Local Government Financing Vehicles (LGFVs)
3.1.3. Hybrid Sector
3.2. Shadow Bank 'Deposits': Wealth Management Products
3.2.1. Banks' Wealth Management Products
3.2.2. Wealth Management Products Issued by Peer-to-Peer Lending Marketplaces
3.3. Asset Pool-Modelled Credit Intermediation
4. Regulatory Interplay: How Chinese Shadow Banks Evolved
4.1. General Regulatory Strategy on Shadow Banks
4.2. Regulatory Interplay and the Evolution of Bank Wealth Management Products
Conclusion
References
Chapter 14
The 2015 Stock Panic: Stoke Market, Finance and Regulation in China(
Abstract
1. Introduction: The Case for Bull Market
2. The Bull Run
3. The Government Attitude toward the Bull Market
4. The Crash
5. The Government Response to the Crash
Epilogue and Conclusion
References
Chapter 15
Stock Market as a Solution for Illiquidity in the Aftermath of Financial Crisis - China's Securities Regulation and New Securities Law
Abstract
Introduction
Before 2020: Paternity Securities Law
IPO before 2020: From the Quota System to Approval/Verification System
Information Disclosure Requirements before 2020
The Changed Notion in 2020 Securities Law
The Registration System: The IPO
Enhanced Information Disclosure Requirements
Stronger Investor Protection
Conclusion
References
About the Editor
Index
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