scholarly journals Can regulation stop financial crises? An evaluation of banking laws in the USA, the UK and Australia after the financial crisis 2007/2008 in the light of what lesson can be learned and how such a crisis can be prevented in the future - part one

2013 ◽  
Vol 6 (1/2/3) ◽  
pp. 79
Author(s):  
Florian Hoefer
Keyword(s):  
Financial Crisis ◽  
Financial Crises ◽  
The Future ◽  
The Usa ◽  
The Uk

scholarly journals Reflections on English Law Schemes of Arrangement in Distress and Proposals for Reform

2018 ◽  
Vol 15 (3) ◽  
pp. 472-502 ◽  
Author(s):  
Sarah Paterson
Keyword(s):  
Financial Crisis ◽  
European Commission ◽  
Debt Restructuring ◽  
Reform Agenda ◽  
Crucial Question ◽  
The Future ◽  
Corporate Insolvency ◽  
The Government ◽  
The Uk

The English scheme of arrangement process has, in many ways, proved a reliable friend to distressed companies and their majority finance creditors in the decade following the financial crisis. However, experience of using the scheme process to achieve a debt restructuring has highlighted a number of areas where it could be improved for the present, or to make it more adaptable in the future. This article was written at a time when the Insolvency Service had launched a review of the corporate insolvency framework in the UK (and published many of the responses which it has received to the consultation), and the European Commission had published a proposal for a new Directive setting minimum harmonisation standards for restructuring law. Both the consultation and the proposal have significant implications for the reform agenda, and the Government has published its response to the UK consultation just as this article is going to press. This paper focuses on the introduction of a preliminary moratorium as a gateway to restructuring efforts, the crucial question of how to value the enterprise if a cram down mechanism is introduced and the role of the insolvency practitioner in the scheme context.

Minsky’s financial instability hypothesis, accounting information and the 2007–9 financial crisis in the UK and US

2011 ◽  
Vol 16 (4) ◽  
pp. 423-437 ◽  
Author(s):  
Paul Barnes
Keyword(s):  
Financial Crisis ◽  
Financial Crises ◽  
Accounting Information ◽  
Financial Instability ◽  
Change Perceptions ◽  
Boom And Bust ◽  
The Uk

This paper examines the financial crisis of 2007–9 in the UK and US in terms of the financial instability hypothesis (FIH), a theory of boom, bust and financial crises. It is shown that in a similar way to the crises of 1866 and 1987 (Barnes, 2007) the FIH provides an important depiction of the 2007–9 crisis and how it came about. However, it does not recognize: (1) the role of accounting information and how it may contribute to boom and bust and be used to change perceptions and mislead; and (2) the likelihood of fraud and financial swindles, all features of the 2007–9 crisis.

scholarly journals International Stock Market Comovements: What Happened during the Financial Crisis?

2012 ◽  
Vol 12 (1) ◽  
pp. 1850252 ◽  
Author(s):  
Roman Horvath ◽  
Petr Poldauf
Keyword(s):  
Financial Crisis ◽  
Stock Market ◽  
Equity Returns ◽  
Multivariate Garch ◽  
Garch Models ◽  
Chinese Stock Market ◽  
Common Shock ◽  
The Usa ◽  
Multivariate Garch Models ◽  
The Uk

We investigate the stock market comovements in Australia, Brazil, Canada, China, Germany, Hong Kong, Japan, Russia, South Africa, the UK, and the USA, both at the market and sectoral level in 2000-2010. Using multivariate GARCH models, our results suggest that the correlation among equity returns during the financial crisis (2008-2010) somewhat increased, suggesting that the crisis represented a common shock to all countries. The U.S. stock market is found to be the most correlated with the stock markets in Brazil, Canada and UK. The correlation of U.S. and Chinese stock market is essentially zero before the crisis; it becomes slightly positive during the crisis. The sectoral indices are less correlated than the market indices over the whole period, but, again, the correlations increase during the crisis.

scholarly journals Regional Governance and Macroeconomic Crisis Management in Latin America

2020 ◽  
pp. 135-142
Author(s):  
Maria Antonieta Del Tedesco Lins ◽  
Andrea Ribeiro Hoffmann
Keyword(s):  
Latin America ◽  
Financial Crisis ◽  
Crisis Management ◽  
Latin American ◽  
Financial Crises ◽  
Regional Governance ◽  
Macroeconomic Policies ◽  
Regional Institutions ◽  
The Usa ◽  
Governance Institutions

AbstractThis chapter analyses the governance institutions in Latin America, i.e. norms, instruments and mechanisms designed to deal with macroeconomic and financial crisis management, and their use during the financial crisis which started in 2008 in the USA and reached the region mostly towards the mid-2010s. It argues that Latin American regional institutions never prioritized the harmonization or the development of common macroeconomic policies or mechanisms to deal with financial crises, and the few multilateral initiatives created were not successful.

A Theory for Corporate Innovation and Renewal

1984 ◽  
Vol 9 (4) ◽  
pp. 17-35 ◽  
Author(s):  
Ronnie Lessem
Keyword(s):  
Corporate Innovation ◽  
The Future ◽  
The Usa ◽  
The Uk

‘ “nobody is going to be able to survive in the future on ‘me too’ products”.’ John Harvey Jones, Chairman, ICI. ‘A Japanese MITI report showed recently that of significant discoveries in recent years Japan had only 6%, Germany 14%, the USA 22% and the UK an incredible 55%.’ Francis Kinsman, The New Agenda.

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