Connectedness and Contagion

Author: Hal S. Scott
Publisher: MIT Press
ISBN: 0262034379
Format: PDF, Mobi
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An argument that contagion is the most significant risk facing the financial system and that Dodd¬Frank has reduced the government's ability to respond effectively.

International Finance

Author: Hal S. Scott
Publisher: Foundation Press
ISBN: 9781609301859
Format: PDF
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This nineteenth edition on international finance includes the continuing responses to the 2007–2009 global financial crisis and the ongoing Eurozone crisis, and reflects the reality of the Dodd-Frank Act, which has spawned hundreds of rule-making proceedings. Chapter 2 now deals with the newly enacted Jumpstart Our Business Startups (JOBS) Act of 2012. Chapter 5 deals with the Euro and Eurozone crisis, the multiple responses to which have been the major focus of international finance in the past year. Chapter 7 discusses the continued formation and implementation of the Basel III rules, as well as the expanding use of stress tests. Chapter 15 addresses the vast regulatory changes in regulation for the over-the-counter derivatives market. Chapter 16 deals with new regulatory proposals for money market and hedge funds.

International Finance

Author: Hal S. Scott
Publisher:
ISBN: 9780414024205
Format: PDF, Mobi
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This work explains the legislation and regulation of international finance and how it should be applied. It includes the new regulatory regimes in the US and Europe as well as developments arising from Basel II.

Ovid Metamorphoses 3 511 733

Author: Ingo Gildenhard
Publisher: Open Book Publishers
ISBN: 178374085X
Format: PDF
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This extract from Ovid's 'Theban History' recounts the confrontation of Pentheus, king of Thebes, with his divine cousin, Bacchus, the god of wine. Notwithstanding the warnings of the seer Tiresias and the cautionary tale of a character Acoetes (perhaps Bacchus in disguise), who tells of how the god once transformed a group of blasphemous sailors into dolphins, Pentheus refuses to acknowledge the divinity of Bacchus or allow his worship at Thebes. Enraged, yet curious to witness the orgiastic rites of the nascent cult, Pentheus conceals himself in a grove on Mt. Cithaeron near the locus of the ceremonies. But in the course of the rites he is spotted by the female participants who rush upon him in a delusional frenzy, his mother and sisters in the vanguard, and tear him limb from limb. The episode abounds in themes of abiding interest, not least the clash between the authoritarian personality of Pentheus, who embodies 'law and order', masculine prowess, and the martial ethos of his city, and Bacchus, a somewhat effeminate god of orgiastic excess, who revels in the delusional and the deceptive, the transgression of boundaries, and the blurring of gender distinctions. This course book offers a wide-ranging introduction, the original Latin text, study aids with vocabulary, and an extensive commentary. Designed to stretch and stimulate readers, Gildenhard and Zissos's incisive commentary will be of particular interest to students of Latin at AS and undergraduate level. It extends beyond detailed linguistic analysis to encourage critical engagement with Ovid's poetry and discussion of the most recent scholarly thought.

The Speculation Economy

Author: Lawrence E. Mitchell
Publisher: ReadHowYouWant.com
ISBN: 1458722732
Format: PDF, Docs
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The first book to reveal the deep historical roots of the modern corporate obsession with stock price - a major cause of recent scandals like those at Enron and WorldComDetails how the rise of the modern corporation created the modern stock market - and why this led to an economy dominated by stock speculationAmerican companies once focused exclusively on providing the best products and services. But today, most corporations are obsessed with maximizing their stock prices, resulting in short-term thinking and the kind of cook-the-books corruption seen in the Enron and WorldCom scandals. How did this happen?In this groundbreaking book, Lawrence E. Mitchell traces the origins of the problem to the first decade of the 20th century, when industrialists and bankers began merging existing companies into huge ''combines''- today's giant corporations - so they could profit by manufacturing and selling stock in these new entities. He describes and analyzes the legal changes that made this possible, the federal regulatory efforts that missed the significance of this transforming development, and the changes in American society and culture that led more and more Americans to enter the market, turning from relatively safe bonds to riskier common stock in the hopes of becoming rich. Financiers and the corporations they controlled encouraged this trend, but as stock ownership expanded and businesses were increasingly forced to cater to stockholders' ''get rich quick'' expectations, a subtle but revolutionary shift in the nature of the American economy occurred: finance no longer served industry; instead, industry began to serve finance.The Speculation Economy analyzes the history behind the opening of this economic Pandora's box, the root cause of so many modern acts of corporate malfeasance.

Insurance and the Law of Obligations

Author: Rob Merkin
Publisher: OUP Oxford
ISBN: 019150792X
Format: PDF, Kindle
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It is widely acknowledged that insurance has a major impact on the operation of tort and contract law regimes in practice, yet there is little sustained analysis of their interaction. The majority of academic private lawyers have little knowledge of insurance law in its own right, and the amount of discussion directed to insurance in private law theory is disproportionately small in relation to its practical importance. Filling this substantial gap in the literature, this book explores the multiple influences of insurance in the law of obligations, and the nature and impact of insurance law as an inherent and significant aspect of private law. It combines conceptual and doctrinal analysis, informing the theoretical discussion of the nature of private law, including the role of judicial and public purpose, and the place of formalism and of contextualism in normative theories of private law. Arguing for the wider recognition of the multiple impacts of insurance, the book claims that recognition of the presence of insurance necessarily marks a departure from the two-party framework sometimes described as definitive of private law. The structured exploration and interpretation of the contemporary role of insurance in the law of obligations, and of its implications, illuminates this under-explored area of private law, and equips the reader for further enquiry and debate.