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Financial Modernization and Regulation

A Special Issue of the Journal of Financial Services Research

  • Book
  • © 2000

Overview

Editors:
  1. Robert A. Eisenbeis

    1. Federal Reserve Bank of Atlanta, USA

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  2. Frederick T. Furlong

    1. Federal Reserve Bank of San Francisco, USA

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  3. Simon Kwan

    1. Federal Reserve Bank of San Francisco, USA

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Table of contents (18 chapters)

  1. Front Matter

    Pages 1-4
    Download chapter PDF

  2. Financial Modernization and Regulation

    • Fred Furlong, Simon Kwan
    Pages 5-10

  3. Modernizing Financial Regulation: The Relation Between Interbank Transactions and Supervisory Reform

    • Mark J. Flannery
    Pages 11-25

  4. Modernizing Financial Regulation: Implications for Bank Supervision

    • Eric S. Rosengren
    Pages 27-33

  5. The Subsidy Provided by the Federal Safety Net: Theory and Evidence

    • Myron L. Kwast, S. Wayne Passmore
    Pages 35-55

  6. Comments on “The Subsidy Provided by the Federal Safety Net: Theory and Measurement”

    • George G. Kaufman
    Pages 57-62

  7. The Effects of Setting Deposit Insurance Premiums to Target Insurance Fund Reserves

    • George G. Pennacchi
    Pages 63-90

  8. Trends in Organizational Form and their Relationship to Performance: The Case of Foreign Securities Subsidiaries of U.S. Banking Organizations

    • Gary Whalen
    Pages 91-128

  9. Comments on “Trends in Organizational Form and Their Relationship to Performance: The Case of Foreign Securities Subsidiaries of U.S. Banking Organizations”

    • Simon Kwan
    Pages 129-131

  10. Financial Regulatory Structure and the Resolution of Conflicting Goals

    • Larry D. Wall, Robert A. Eisenbeis
    Pages 133-155

  11. Comments on “Financial Regulatory Structure and the Resolution of Conflicting Goals”

    • Kenneth Lehn
    Pages 157-158

  12. Regulatory Distortions in a Competitive Financial Services Industry

    • Arnoud W. A. Boot, Silva Deželan, Todd T. Milbourn
    Pages 159-169

  13. Comments on “Regulatory Distortions in a Competitive Financial Services Industry”

    • William C. Hunter
    Pages 171-173

  14. How Offshore Financial Competition Disciplines Exit Resistance by Incentive-Conflicted Bank Regulators

    • Edward J. Kane
    Pages 175-201

  15. Comments on “How Offshore Financial Competition Disciplines Exit Resistance by Incentive-Conflicted Bank Regulators”

    • Richard J. Herring
    Pages 203-206

  16. Alternative Approaches to Financial Supervision and Regulation

    • Roger W. Ferguson Jr.
    Pages 207-213

  17. Financial Modernization and Regulation: Experience from Japan September 16, 1998

    • Takeo Hoshi
    Pages 215-217

  18. Financial Regulation: A Perspective from the United Kingdom

    • David T. Llewellyn
    Pages 219-227

  19. Europe’s Single Banking Market

    • Harald A. Benink
    Pages 229-232
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Keywords

About this book

Financial systems around the world are undergoing a process of modernization due to many different forces. Advances in information technology, product and market innovations, and recent regional financial crises have contributed to this movement. As a result, evolution in the financial sector is leading to larger, more complex financial organizations that render inadequate the supervisory and regulatory structures currently in place. While some changes in regulatory policies have already occurred, the adaptation of supervisory oversight and regulation in the face of these new developments is expected to continue for many years to come.
This book collects papers originally presented in September 1998 at the Financial Modernization and Regulation Conference co-sponsored by the Federal Reserve Banks of Atlanta and San Francisco. Revised before publication, the papers seek to identify the reasons for changes in the financial services sector, and the implications these changes pose for financial supervision and regulation. Taken together, the papers offer valuable insights on 1) the forces behind financial modernization; 2) the implications financial modernization poses for corporate structure, market discipline, and financial regulation; 3) how to price deposit insurance accurately to reflect banks' risk-taking; and 4) balancing private versus public interests and managing potentially conflicting public policy goals.

Editors and Affiliations

  • Federal Reserve Bank of Atlanta, USA

    Robert A. Eisenbeis

  • Federal Reserve Bank of San Francisco, USA

    Frederick T. Furlong, Simon Kwan

Bibliographic Information

  • Book Title: Financial Modernization and Regulation

  • Book Subtitle: A Special Issue of the Journal of Financial Services Research

  • Editors: Robert A. Eisenbeis, Frederick T. Furlong, Simon Kwan

  • DOI: https://doi.org/10.1007/978-1-4757-5228-1

  • Publisher: Springer New York, NY

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer Science+Business Media New York 2000

  • Hardcover ISBN: 978-0-7923-7753-5Published: 30 June 2000

  • Softcover ISBN: 978-1-4419-4964-6Published: 03 December 2010

  • eBook ISBN: 978-1-4757-5228-1Published: 27 November 2013

  • Edition Number: 1

  • Number of Pages: IV, 232

  • Topics: Finance, general, Macroeconomics/Monetary Economics//Financial Economics

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