Visions of Financial Order : National Institutions and the Development of Banking Regulation.

Format:

Book

Author/Creator:

Pernell, Kim.

Series:

Princeton Studies in Global and Comparative Sociology Series

Language:

English

Subjects (All):

Banks and banking--State supervision--Canada.

Banks and banking.

Banks and banking--State supervision--Spain.

Banks and banking--State supervision--United States.

Global Financial Crisis, 2008-2009.

Physical Description:

1 online resource (321 pages)

Edition:

1st ed.

Place of Publication:

Princeton : Princeton University Press, 2024.

Summary:

"How differences in national financial regulatory systems emerged from divergent beliefs about economic order and prosperityThe global financial crisis of the late 2000s was marked by the failure of regulators to rein in risk-taking by banks. And yet regulatory issues varied from country to country, with some national financial regulatory systems proving more effective than others. In Visions of Financial Order, Kim Pernell traces the emergence of important national differences in financial regulation in the decades leading up to the crisis. To do so, she examines the cases of the United States, Canada, and Spain-three countries that subscribed to the same transnational regulatory framework (the Basel Capital Accord) but developed different regulatory policies in areas that would directly affect bank performance during the financial crisis.In a broad historical analysis that extends from the rise of the first modern chartered banks in the 1780s through the major financial crises of the twentieth century and the Basel Capital Accord of 1988, Pernell shows how the different (and sometimes competing) principles of order embedded in each country's regulatory and political institutions gave rise to distinctive visions of order and prosperity, which shaped subsequent financial regulatory design. Pernell argues that the different worldviews of national banking regulators reflected cultural beliefs about the ideal way to organize economic life to promote order, stability, and prosperity. Visions of Financial Order offers an innovative perspective on the persistent differences between regulatory institutions and the ways they shaped the unfolding of the 2008 global financial crisis"-- Provided by publisher.

"A comparative history of financial regulation in the United States, Canada, and Spain, leading up to the 2008 global financial crisis"-- Provided by publisher.

Contents:

Conflicting principles of order within political institutions

Creating chartered banks in the United States, Canada, and Spain

Branching regulatory paths into the twentieth century

Debating regulatory reform in the 1920s and 1930s

Responding to new dilemmas in the 1960s and 1970s

The rise of new regulatory models in the 1980s

New regulatory visions in the 1990s

Regulating asset securitization in the post-Basel era

Regulating loan loss provisions in the post-Basel era

Visions of financial order.

Notes:

Includes bibliographical references and index.

Description based on publisher supplied metadata and other sources.

Other Format:

Print version: Pernell, Kim Visions of Financial Order

ISBN:

9780691255446

OCLC:

1439602276