E-Book, Englisch, 274 Seiten, eBook
Legislatures, Bureaucracies, or Markets?
E-Book, Englisch, 274 Seiten, eBook
Reihe: Palgrave Studies in American Economic History
ISBN: 978-3-030-33083-5
Verlag: Springer International Publishing
Format: PDF
Kopierschutz: Wasserzeichen (»Systemvoraussetzungen)
This book examines US economic history to demonstrate how the applications of laws are uncertain, affected by changing political and economic conditions as well as by legislators’ perceptions and the ability or willingness of bureaucracies to enforce laws. The two cases developed in this book revolve around William McChesney Martin, Jr., who helped apply (i) the 1930s Securities Acts as president of the New York Stock Exchange and (ii) the Federal Reserve Act in the Keynesian era unforeseen by that Act. As chairman of the New York Stock Exchange, Martin served as private regulator of firms listed on the Exchange—itself a publicly regulated entity. As chairman of the Federal Reserve, he then served as a public regulator. This book thus offers an innovative approach to understanding and examining the various issues and incentives facing each of the three parties: regulated, private regulator, and public regulator.
Zielgruppe
Research
Autoren/Hrsg.
Weitere Infos & Material
1. Introduction.- 2. The Securities Act of 1933.- 3. Bureaucracies.- 4. The NYSE and the SEC.- 5. Central Banking in the United States.- 6. Chairman of the Fed.- 7. So Who Governs?.