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 Brides, Mourners, Bacchae by Yves-Marie Péréon
Cover of the book Science and Religion by Yves-Marie Péréon
Cover of the book Eisenhower by Yves-Marie Péréon
Cover of the book Political Philosophy and the God of Abraham by Yves-Marie Péréon
Cover of the book Andrew Jackson by Yves-Marie Péréon
Cover of the book Fish Sticks, Sports Bras, and Aluminum Cans by Yves-Marie Péréon
Cover of the book Don't Think by Yves-Marie Péréon
Cover of the book Higher Education and Silicon Valley by Yves-Marie Péréon
Cover of the book Math Goes to the Movies by Yves-Marie Péréon
Cover of the book Primate Comparative Anatomy by Yves-Marie Péréon
Cover of the book 150 Years of ObamaCare by Yves-Marie Péréon
Cover of the book Slavery's Ghost by Yves-Marie Péréon
Cover of the book Global Perspectives on ADHD by Yves-Marie Péréon
Cover of the book Respiratory Physiology of Newborn Mammals by Yves-Marie Péréon
Cover of the book Building Washington 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