James R Barth

Restructuring Regulation and Financial Institutions - The Milken Institute Series on Financial Innovation and Economic Growth James R Barth 2001 edition

Marc Notes: Includes bibliographical references; Based on conf. papers, Milken Inst., 1998; First copyright held by Milken Inst., 2000; On the impact of the repeal, in 1999, of the Glass-Steagall Act. Publisher Marketing: Policy makers around the globe should find that this text offers a cogent assessment of the contemporary regulatory environment in the US financial markets, and a blueprint for action in evolving global financial markets. Financial markets are among the most highly-regulated markets in the world. Nevertheless, financial crises still occur, witness the US savings-and-loan fiasco of the late 1980s and early 1990s, and the Mexican and East Asian Financial implosions of 1994 and 1997. What role does regulation play in stabilizing-or-destabilizing financial markets? Restructuring Regulation and Financial Institutions answers this question with incisive analysis of financial market regulation in the US. Each paper considers how regulation enhances or impedes the efficiency of a particular financial sector, and is followed by comments by two or three noted experts. The result of this approach is a wealth of useful information that may be applied by policy makers contemplating the restructuring of regulations and financial institutions. Review Citations:

Choice 10/01/2000 pg. 379 (EAN 9780967808307, Hardcover)

Contributor Bio:  Barth, James R James R. Barth is the Lowder Eminent Scholar in Finance at Auburn University and a Senior Finance Fellow at the Milken Institute. He has also been Professor of Economics at George Washington University, Associate Director of the economics program at the National Science Foundation, and Shaw Foundation Professor of Banking and Finance at Nanyang Technological University. Professor Barth was an appointee of Presidents Ronald Reagan and George H. W. Bush as Chief Economist of the Office of Thrift Supervision and previously as Chief Economist of the Federal Home Loan Bank Board. Most recently, he served as leader of an international team advising the People's Bank of China on banking reform from Fall 2002 to Spring 2004. He has authored more than 100 articles in professional journals and has written and edited several books. His research focuses on financial institutions and capital markets, both domestic and global, with special emphasis on regulatory issues. Contributor Bio:  Yago, Glenn Glenn Yago is Director of the Economic Research Bureau and Associate Professor of Management at the State University of New York at Stony Brook. He has testified before federal and state committees and his articles have appeared in The New York Times, The Wall Street Journal, and many otherpublications. He is also a director and principal in both a start-up and a turnaround company. Contributor Bio:  Brumbaugh, R Dan, Jr. Brumbaugh served as Deputy Chief Economist at the Federal Home Loan Bank Board. He is a Senior Finance Fellow at the Milken Institute in Santa Monica, California. He received a B. A. degree from Colgate University and an M. Phil. and Ph. D. in economics from the George Washington University.