Central Bank Regulation and the Financial Crisis : a Comparative Analysis /

Central Bank Regulation and the Financial Crisis : a Comparative Analysis /

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Bibliographic Details
Author / Creator:Han, Miao, 1982- author.
Imprint:London : Palgrave Macmillan UK : Imprint : Palgrave Macmillan, 2016.
Description:1 online resource (320 pages)
Language:English
Series:Palgrave Macmillan studies in banking and financial institutions
Palgrave Macmillan studies in banking and financial institutions.
Subject:
Banks and banking, Central -- Case studies.
Banks and banking, Central -- Law and legislation.
Monetary policy.
Financial crises.
Global Financial Crisis, 2008-2009.
Banks and banking, Central.
Banks and banking, Central -- Law and legislation.
Financial crises.
Monetary policy.
Case studies.
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/11253819
Hidden Bibliographic Details
ISBN:9781137563088
1137563087
9781137563095
1137563095
1349555487
9781349555482
9781349555482
1137563079
9781137563071
Digital file characteristics:text file
PDF
Notes:Includes bibliographical references (pages 268-314) and index.
English.
Summary:The respective legal frameworks that control central banks are shaped by whether they are market oriented or government controlled. However such stark distinction between these two categories has been challenged in view of the varying styles of crisis management demonstrated by different central banks during the crisis. This book uses comparative analysis to investigate how the global financial crisis challenged the role played by central banks in maintaining financial stability. Focusing on four central banks including the US Federal Reserve System, the Bank of England, the Bank of Japan and the People's Bank of China, it illustrates the similarities between the banks prior to the crisis, and their similar policy responses in the wake of the crisis. It demonstrates how each operated with varying levels of independence while performing very differently and facing different tasks. The book identifies some central explanatory variables for this behavior, addressing the mismatch of similar risk management solutions and varying outcomes. Central Bank Regulation and The Financial Crisis: A Comparative Analysis explores the legal challenges within central bank regulation presented by the global financial crisis. It emphasizes the importance of, and the limitations involved in, legal order and argue that in spite of integration and globalization, significant differences exist in central banks' approaches to risk management and financial stability.
Other form:Printed edition: 9781349555482
Standard no.:10.1007/978-1-137-56308-8
Table of Contents:
  • Introduction
  • Part I. Theoretical framework. Central banks' two-tier relationships
  • The global financial crisis : the challenge for central banks
  • Part II. Case studies. US Federal Reserve System and the global financial crisis
  • Bank of England and the global financial crisis
  • Bank of Japan and the global financial crisis
  • From centrally planned economy to market-oriented principles : the People's Bank of China under change
  • People's Bank of China and the global financial crisis : policy responses and beyond
  • Part III. Comparative analysis. Central bank regulation toward financial stability : convergence, divergence, or multiple pathways? : evidence from the comparative study
  • Conclusion.

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