Public Policy & Financial Economics

Essays in Honor of Professor George G Kaufman for His Lifelong Contributions to the Profession

Business & Finance, Economics, Economic Development, Industries & Professions, Industries

• Author: Douglas D Evanoff, A G Malliaris, George Kaufman
• ISBN: 9789813229563
• Publisher: World Scientific Publishing Company
• Publication: March 7, 2018
• Imprint: WSPC
• Language: English

The central goal of this volume was to assemble outstanding scholars and policymakers in the field of financial markets and institutions and have them articulate significant market developments in their particular areas of expertise during the past few decades.

Not just a celebratory volume, Public Policy and Financial Economics selected internationally recognized financial economists who have worked with Professor Kaufman during his years of scholarly research, and have a combined mastery of specialized financial markets themes and, very importantly, knowledge of public policies in the areas. All 15 chapters offer unique, innovative, and exciting expositions of several critical topics in financial economics.

Contents:

• Background on George Kaufman's Contributions to the Finance Profession:

  • Public Policy and Financial Economics: Comments to Honor George G Kaufman (Charles L Evans)
  • 57 Years of Banking Changes and Ideas (Alex J Pollock)
  • Theory vs Practice — and Promise — in Banking and Financial Regulation (Harvey Rosenblum)

• Central Banking and Regulation: Changes Through the Years:

  • The Changing Fortunes of Central Banking (CAE Goodhart)
  • Financial Safety Nets: The Good, the Bad, and the Ugly (Edward J Kane)
  • Systemic Risk: Taming the Two 800-Pound Gorillas in the Room (Charles W Calomiris)
  • Shadowing Capital Regulation: 1986–2015 (Richard J Herring)

• Public Policy Issues in Financial Markets:

  • The Fed and Structural Reforms to Reduce Interconnectedness and Promote Financial Stability (Robert A Eisenbeis)
  • The New Failure Resolution Regulation: The Good, the Bad, and the Unknowable (Robert Bliss and Franklin Edwards )
  • Monetary and Other Policy Problems (Allan H Meltzer)
  • Defining, Measuring, and Mitigating Systemic Risk at Large Insurance Companies (Richard Rosen and Thanases Plestis)
  • Asset Bubbles and Public Policy (Douglas D Evanoff and AG Malliaris)
  • The New Realities of Market Structure and Liquidity: Where Have We Been? Where Are We Going?(Chester Spatt)
  • Affordable Housing Goals, the Financial Crisis, and the Efficient Market Hypothesis (Peter J Wallison)
  • Good and Bad Lessons in Finance From New Information (Robert Litan)

Readership: Financial economists, economists with a concentration on monetary activities, policymakers in the financial markets sector, and students interested in the dynamics of economics, finance, and policymaking as a research and/or career reference.
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