Wasting a crisis : why securities regulation fails /

Wasting a crisis : why securities regulation fails /

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Bibliographic Details
Author / Creator:	Mahoney, Paul G. (Paul Gerard), 1959- author.
Imprint:	Chicago ; London : University of Chicago Press, 2015. ©2015
Description:	1 online resource : illustrations
Language:	English
Subject:	Securities industry -- Law and legislation -- United States. Securities industry -- Law and legislation -- United States -- History -- 20th century. Securities industry -- Law and legislation. United States. History.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/11241208

Hidden Bibliographic Details
ISBN:	9780226236650 022623665X 9780226236513
Notes:	Includes bibliographical references and index. Print version record.
Summary:	This study argues that policy responses to financial crises are similar across time and place and are generally ineffective or counterproductive. Political actors, hoping to avoid blame for a financial crisis, create a 'market failure narrative' arguing that misbehaviour by securities market participants, rather than prior policy errors, was the primary cause of the crisis. Regulatory reforms are therefore designed to solve problems that are either non-existent or tangentially related to the crisis. The reforms often decrease competition and concentrate the market share of leading financial firms.
Other form:	Print version: Mahoney, Paul G. (Paul Gerard), 1959- Wasting a crisis 9780226236513

Table of Contents:

Long before the New Deal
The blue sky laws : a tale of progressives and interest groups
What the Securities Act got right
What the Securities Act got wrong
Did the SEC improve disclosure practices?
Was market manipulation common in the pre-SEC era?
Regulation of specific industries
The old is new again : securities reform in the twenty-first century.