Financial Institutions and Markets: The Financial Crisis—An Early Retrospective

Front Matter....Pages i-xv
Front Matter....Pages 1-1
Banking from Riches to Rags: Ignoring the Supervisory Red Flags and Thwarting Prompt Corrective Action....Pages 3-35
Too Much Right Can Make a Wrong: Setting the Stage for the US Financial Crisis....Pages 37-69
The U.K. Banking Crisis....Pages 71-92
The Sub-Prime Crisis, the Credit Crunch, and Bank “Failure”: An Assessment of the U.K. Authorities’ Response....Pages 93-125
Financial Crisis and Regulation: The Case of Spain....Pages 127-145
Basel II Has Been a Costly Distraction on the Road to Minimizing the Societal Cost of Bank Failures and Financial Crises....Pages 147-156
Fannie Mae and Freddie Mac: Creatures of Regulatory Privilege....Pages 157-184
Front Matter....Pages 185-185
Uncertainty and Transparency of Monetary Policy....Pages 187-203
Privatization and Governance Regulation in Frontier Emerging Markets: The Case of Romania....Pages 205-224
Universal Access, Cost Recovery, and Payment Services....Pages 225-240
Estimating the Volume of Counterfeit U.S. Currency in Circulation Worldwide: Data and Extrapolation....Pages 241-268