Moralizing the Market

How Gaullist France Embraced the US Model of Securities Regulation

Nonfiction, History, European General, Religion & Spirituality, Philosophy
Cover of the book Moralizing the Market by Yves-Marie Péréon, Johns Hopkins University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Yves-Marie Péréon ISBN: 9781421424866
Publisher: Johns Hopkins University Press Publication: March 1, 2018
Imprint: Language: English
Author: Yves-Marie Péréon
ISBN: 9781421424866
Publisher: Johns Hopkins University Press
Publication: March 1, 2018
Imprint:
Language: English

A nation usually overhauls its financial regulations after a stock market crash or the collapse of its banking system. In 1967, France did something rare. Out of pure political expediency, Gaullist leaders and senior civil servants seized the opportunity offered by an insider-trading case and established an independent commission to regulate the securities market: the Commission des Opérations de Bourse, or COB. Despite their staunch defense of national sovereignty, these reformers drew their inspiration from an American model, the Securities and Exchange Commission.

Highlighting the international sources for national reform, Yves-Marie Péréon’s Moralizing the Market explores the dynamics of policy transfer in securities regulation—a subject that has rarely been considered from a historical perspective. That regulation has been used to attract investors and foster market development challenges the view that the French government only attempted to develop the stock market as part of a global wave of deregulation in the 1980s. Indeed, the creation of the COB reveals a great deal about the exercise of power in modern democracies, the interaction between business and government, and the mechanisms of institutional innovation.

Moralizing the Market will appeal to professors and students of economic history, international relations, and political science, as well as business and finance historians, policy makers, and professionals.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

A nation usually overhauls its financial regulations after a stock market crash or the collapse of its banking system. In 1967, France did something rare. Out of pure political expediency, Gaullist leaders and senior civil servants seized the opportunity offered by an insider-trading case and established an independent commission to regulate the securities market: the Commission des Opérations de Bourse, or COB. Despite their staunch defense of national sovereignty, these reformers drew their inspiration from an American model, the Securities and Exchange Commission.

Highlighting the international sources for national reform, Yves-Marie Péréon’s Moralizing the Market explores the dynamics of policy transfer in securities regulation—a subject that has rarely been considered from a historical perspective. That regulation has been used to attract investors and foster market development challenges the view that the French government only attempted to develop the stock market as part of a global wave of deregulation in the 1980s. Indeed, the creation of the COB reveals a great deal about the exercise of power in modern democracies, the interaction between business and government, and the mechanisms of institutional innovation.

Moralizing the Market will appeal to professors and students of economic history, international relations, and political science, as well as business and finance historians, policy makers, and professionals.

More books from Johns Hopkins University Press

Cover of the book Chesapeake Bay Cooking with John Shields by Yves-Marie Péréon
Cover of the book Field Guide to the Natural World of New York City by Yves-Marie Péréon
Cover of the book Ethical Issues in Rural Health Care by Yves-Marie Péréon
Cover of the book William Henry Harrison and the Conquest of the Ohio Country by Yves-Marie Péréon
Cover of the book Take Control of Your Depression by Yves-Marie Péréon
Cover of the book Living with Lymphoma by Yves-Marie Péréon
Cover of the book Crisis in an Atlantic Empire by Yves-Marie Péréon
Cover of the book Birds of Stone by Yves-Marie Péréon
Cover of the book The Trouble with Tea by Yves-Marie Péréon
Cover of the book The Empire of the Dead by Yves-Marie Péréon
Cover of the book Resilience and Aging by Yves-Marie Péréon
Cover of the book The Thebaid by Yves-Marie Péréon
Cover of the book The Handbook of Jungian Play Therapy with Children and Adolescents by Yves-Marie Péréon
Cover of the book The Fairy Way of Writing by Yves-Marie Péréon
Cover of the book Africa and Global Health Governance by Yves-Marie Péréon
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy