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The Future of Financial Regulation: Reflections from an Emerging Market Perspective

In: Research Handbook on International Banking and Governance

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  • Rakesh Mohan

Abstract

The contributors – top international scholars from finance, law and business – explore the role of governance, both internal and external, in explaining risk-taking and other aspects of the behavior of financial institutions. Additionally, they discuss market and policy features affecting objectives and quality of governance. The chapters provide in-depth analysis of factors such as: ownership, efficiency and stability; market discipline; compensation and performance; social responsibility; and governance in non-bank financial institutions. Only through this kind of rigorous examination can one hope to implement the financial reforms necessary and sufficient to reduce the likelihood and severity of future crises.

Suggested Citation

  • Rakesh Mohan, 2012. "The Future of Financial Regulation: Reflections from an Emerging Market Perspective," Chapters, in: James R. Barth & Chen Lin & Clas Wihlborg (ed.), Research Handbook on International Banking and Governance, chapter 21, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14045_21
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    References listed on IDEAS

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    1. Charles P. Kindleberger & Robert Z. Aliber, 2005. "Manias, Panics and Crashes," Palgrave Macmillan Books, Palgrave Macmillan, edition 0, number 978-0-230-62804-5.
    2. Kenneth E. Scott, 2010. "Appendix - Ending Government Bailouts As We Know Them," Book Chapters, in: Kenneth E. Scott & George P. Shultz & John B. Taylor (ed.), Ending Government Bailouts As We Know Them, chapter 15, Hoover Institution, Stanford University.
    3. Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "Varieties of Crises and Their Dates," Introductory Chapters, in: This Time Is Different: Eight Centuries of Financial Folly, Princeton University Press.
    4. James R. Barth & Chen Lin & Clas Wihlborg (ed.), 2012. "Research Handbook on International Banking and Governance," Books, Edward Elgar Publishing, number 14045.
    5. Kenneth E. Scott & George P. Shultz & John B. Taylor (ed.), 2010. "Ending Government Bailouts As We Know Them," Books, Hoover Institution, Stanford University, number 1, December.
    6. Commission on Growth and Development, 2010. "Post-Crisis Growth in Developing Countries : A Special Report of the Commission on Growth and Development on the Implications of the 2008 Financial Crisis," World Bank Publications - Books, The World Bank Group, number 13546, December.
    7. Kenneth E. Scott & George P. Shultz & John B. Taylor, 2010. "Preface - Ending Government Bailouts As We Know Them," Book Chapters, in: Kenneth E. Scott & George P. Shultz & John B. Taylor (ed.), Ending Government Bailouts As We Know Them, chapter 0, Hoover Institution, Stanford University.
    8. Nicholas F. Brady, 2010. "Fifty Years in the Business - From Wall Street to the Treasury and Beyond," Book Chapters, in: Kenneth E. Scott & George P. Shultz & John B. Taylor (ed.), Ending Government Bailouts As We Know Them, chapter 3, Hoover Institution, Stanford University.
    9. Paul Volcker, 2010. "Financial Reforms to End Government Bailouts as We Know Them," Book Chapters, in: Kenneth E. Scott & George P. Shultz & John B. Taylor (ed.), Ending Government Bailouts As We Know Them, chapter 2, Hoover Institution, Stanford University.
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