Book Reviews

2010 ◽  
Vol 48 (4) ◽  
pp. 1051-1053

Joacim Tag of Research Institute of Industrial Economics reviews “Antitrust and Regulation in the EU and US: Legal and Economic Perspectives” by Francois Leveque, Howard Shelanski, Francois Leveque, Howard Shelanski,. The EconLit Abstract of the reviewed work begins “Seven papers, originally presented at the “Balancing Antitrust and Regulation in Network Industries: Evolving Approaches in Europe and the United States” conference jointly organized by CERNA and the Berkeley Center for Law and Technology and held in Paris in January 2006, address various aspects of the evolving balance between antitrust and regulation in the European Union and the United States. Papers discuss synthetic competition (Douglas H. Ginsburg); European competition policy and regulation--differences, overlap, and contraints (John Temple Lang); contrasting legal solutions and the comparability of EU and U.S. experiences (Pierre Larouche); modeling an antitrust regulator for telecoms (James B. Speta); rethinking merger remedies--toward a harmonization of regulatory oversight with antitrust merger review (Philip J. Weiser); market power in U.S. and EU electricity generation (Richard Gilbert and David Newbery); and mobile call termination--a tale of two-sided markets (Tommaso Valletti). Leveque is Professor of Law and Economics at Ecole des mines de Paris. Shelanski is Professor of Law in the School of Law at the University of California, Berkeley. Index.”

2018 ◽  
Vol 56 (1) ◽  
pp. 271-273

Andrea Resti of Universita Luigi Bocconi reviews “Banking's Final Exam: Stress Testing and Bank-Capital Reform,” by Morris Goldstein. The Econlit abstract of this book begins: “Examines the stress tests conducted by bank supervisors in the United States and the European Union between 2009 and 2016 and identifies improvements that can be made to the design and conduct of future stress tests.”


2018 ◽  
Vol 56 (4) ◽  
pp. 1594-1596

Kathryn M. E. Dominguez of the University of Michigan reviews “Currency Conflict and Trade Policy: A New Strategy for the United States,” by C. Fred Bergsten and Joseph E. Gagnon. The Econlit abstract of this book begins: “Analyzes the economics and politics of currency manipulation, globally and with respect to the key individual countries that engage in repeated intervention or feel its effects, and demonstrates empirically the strong connection between official foreign-exchange intervention and trade imbalances.”


Author(s):  
Matthew Gravelle ◽  
Stefano Pagliari

A key trend that has characterized implementation of the international agenda to regulate derivatives has been the emergence of a number of disputes over the territorial scope of regulation, as different countries have sought to extend their regulatory oversight over firms and markets that are not legally domiciled in their jurisdiction. What explains the emergence and continuation of these extraterritorial measures in the regulation of global OTC derivatives markets? This chapter addresses this question by exploring the “regulatory land grab” that has characterized the rules introduced in the United States and the European Union to regulate foreign dealers, CCPs, and trading venues. This chapter will argue that the different degrees of extraterritoriality that have emerged in the post-crisis agenda reflect the challenges that regulatory authorities have faced to implement the new prudential agenda in a manner that addresses the highly internationalized nature of derivatives markets.


2010 ◽  
Vol 48 (1) ◽  
pp. 168-172

John J. Donohue of Yale University reviews “When Brute Force Fails: How to Have Less Crime and Less Punishment” by Mark A. R. Kleiman,. The EconLit Abstract of the reviewed work begins “Considers a consequence-focused approach to crime control in the United States and whether it would work better than the current brute force-based method. Discusses how the United States moved from low-crime, low-punishment to higher crime and punishment rates in the last fifty years; thinking about crime control; hope; tipping, dynamic concentration, and the logic of deterrence; crime despite punishment; designing enforcement strategies; crime control without punishment; guns and gun control; drug policy for crime control; what could go wrong; and an agenda for crime control. Kleiman is Professor of Public Policy at the University of California, Los Angeles. Bibliography; index.”


2011 ◽  
Vol 49 (4) ◽  
pp. 1264-1265

Alberto Giovannini of Unifortune Asset Management reviews “Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System” by Barry Eichengreen. The EconLit abstract of the reviewed work begins, “Explores the rise of the U.S. dollar to international prominence over the course of the twentieth century and considers what actions the United States can take to prevent it from losing its dominance. Discusses debut; dominance; rivalry; crisis; monopoly no more; and the dollar crash. Eichengreen is Professor of Economics and Political Science at the University of California, Berkeley. Index.”


2017 ◽  
Vol 55 (1) ◽  
pp. 232-233

Jan Fagerberg of the University of Oslo reviews “The Politics of Innovation: Why Some Countries Are Better Than Others at Science and Technology,” by Mark Zachary Taylor. The Econlit abstract of this book begins: “Examines the varying levels of success among nations in supporting successful innovation in science and technology and explores methods the United States could use to prevent or postpone its fall into technological stagnation and scientific irrelevance by attempting to solve the mystery behind Cardwell's Law. Introduces a new theory of “creative insecurity.” Discusses the puzzle of Cardwell's Law--why some countries are better than others at science and technology; measuring the black box--working definitions and boundaries, and measuring innovation and data; Cardwell's Law in action; whether technology needs government--the five pillars of innovation; why nations fail--capitalism, democracy, and decentralization; how nations succeed--networks, clusters, and standards; technological losers and political resistance to innovation; creative insecurity--Mancur Olson's nemesis; critical cases of creative insecurity; and creative insecurity and its implications.”


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