000807323 000__ 06814cam\a2200589Ii\4500 000807323 001__ 807323 000807323 005__ 20230306143941.0 000807323 006__ m\\\\\o\\d\\\\\\\\ 000807323 007__ cr\cn\nnnunnun 000807323 008__ 170831t20172017sz\\\\\\ob\\\\001\0\eng\d 000807323 019__ $$a1002666556$$a1005005485$$a1005114703$$a1011955483 000807323 020__ $$a9783319442877$$q(electronic book) 000807323 020__ $$a3319442872$$q(electronic book) 000807323 020__ $$z9783319442860 000807323 020__ $$z3319442864 000807323 0247_ $$a10.1007/978-3-319-44287-7$$2doi 000807323 035__ $$aSP(OCoLC)on1002303725 000807323 035__ $$aSP(OCoLC)1002303725$$z(OCoLC)1002666556$$z(OCoLC)1005005485$$z(OCoLC)1005114703$$z(OCoLC)1011955483 000807323 040__ $$aN$T$$beng$$erda$$epn$$cN$T$$dEBLCP$$dN$T$$dYDX$$dAZU$$dUPM$$dOCLCF$$dFIE$$dJG0$$dMERUC$$dUAB 000807323 043__ $$ae------ 000807323 049__ $$aISEA 000807323 050_4 $$aHG186.A2 000807323 08204 $$a332.1094$$223 000807323 24500 $$aFinancial regulation in the EU :$$bfrom resilience to growth /$$cRaphaël Douady, Clément Goulet, Pradier, Pierre-Charles, editors. 000807323 264_1 $$aCham, Switzerland :$$bPalgrave Macmillan,$$c[2017] 000807323 264_4 $$c©2017 000807323 300__ $$a1 online resource. 000807323 336__ $$atext$$btxt$$2rdacontent 000807323 337__ $$acomputer$$bc$$2rdamedia 000807323 338__ $$aonline resource$$bcr$$2rdacarrier 000807323 347__ $$atext file$$bPDF$$2rda 000807323 504__ $$aIncludes bibliographical references and index. 000807323 5050_ $$aList of Figures ; List of Tables ; 1: Introduction; References; Part I: Supervision of Member States' Budgets; 2: Political Economy of the European Monetary Institutions and Reform Proposals; 2.1 Introduction; 2.2 EMU Institutional System and Fiscal Policy: Theory and Historical Overview of the Reforms; 2.2.1 Fiscal Policy in the EMU: Theory; 2.2.2 The "Original" Stability and Growth Pact; 2.2.3 The Fiscal Reforms Accomplished as a Consequence of the Crisis; 2.2.3.1 The Reform of the SGP; 2.2.3.2 The European Semester; 2.2.3.3 The Euro Plus Pact; 2.2.3.4 The Fiscal Compact 000807323 5058_ $$a2.2.3.5 Financial Facilities to Allow Member States to Benefit from Financial Assistance in Case of Distress2.3 The ECB and Monetary Policy Since the Creation of the EMU; 2.3.1 Mandate and Structure; 2.3.2 Phases of the ECB Monetary Policy; 2.3.3 Extension of the ECB's Tasks; 2.4 Review of the Different Proposals for a New Economic Governance in the EMU; 2.5 Conclusions; 2.6 Annex; References; 3: Fiscal Sustainability and Fiscal Rules in a Monetary Union: Theory and Practice in Europe; 3.1 Introduction; 3.2 Why (and How) Does Fiscal Policy Need to Be Constrained? 000807323 5058_ $$a3.2.1 Public Debt Sustainability and Fiscal Policy Rules3.2.2 Fiscal Discipline Within a Monetary Union; 3.3 European Fiscal Rules: Too Tight? Too Loose? Or Both?; 3.3.1 Are European Fiscal Rules Ensuring the Sustainability of Public Finance?; 3.3.2 Procyclical Bias in European Fiscal Policy Rules; 3.3.3 Was the European Debt Crisis the Result of Irresponsible Fiscal Policies?; 3.4 Conclusions; References; 4: The Composition Effect of New Fiscal Rules in the Euro Area; 4.1 European Total Expenditures, by Country and Function 000807323 5058_ $$a4.2 A Brief Literature Review of the Economic Impact of Public Investment4.3 Deficit of Public Investment and the Juncker's Investment Plan; References; 5: The Banking Union Revisited; 5.1 Background; 5.2 Benefits of Banking Union; 5.3 The Single Supervisory Mechanism; 5.3.1 The Three Pillars and Their Sequencing; 5.3.2 The Central Role of the ECB; 5.3.3 The Necessity of Coordination; 5.3.4 Micro- and Macroprudential Measures; 5.3.5 Potential Conflicts within the ECB; 5.4 The Single Resolution Mechanism; 5.4.1 The Legal Basis for Bank Resolution 000807323 5058_ $$a5.4.2 The Basic Ingredients of Bank Resolution5.4.3 Organizing Bail-in Procedures; 5.4.4 Governance, Funding and Fiscal Backstop; 5.5 Deposit Insurance; 5.6 Other Structural Issues; 5.6.1 The Ins and the Outs; 5.6.2 The Separation of Bank Activities; 5.6.3 CMU and the Financing of the Real Economy; 5.7 Concluding Remarks; References; Part II: Supervision of Financial Entities; 6: Regulatory Capture in Financial Supervision; 6.1 The Concept of Capture; 6.1.1 Materialist Capture; 6.1.2 Non-Materialist Capture; 6.2 The Normalization of Capture; 6.2.1 Institutionalization. 000807323 506__ $$aAccess limited to authorized users. 000807323 520__ $$aFinancial regulation has dramatically evolved and strengthened since the crisis on both sides of the Atlantic, with enhanced international coordination through the G-20 and the Financial Stability Board and, at the regional level, a definite contribution from the European Union. However the new regulatory environment has its critics, with many divergent voices arguing that over-regulation has become a root cause of our current economic stagnation. This book provides a bigger picture view of the impact and future of financial regulation in the EU, exploring the relationship between microeconomic incentives and macroeconomic growth, regulation and financial integration, and the changes required in economic policy to further European integration. Bringing together contributions from law, economics and management science, it offers readers an accessible but rigorous understanding of the current state of play of the regulatory environment, and on the future challenges. Coverage will include: • a review of the recent regulatory changes from a legal and economic perspective • analysis of how the economic model of financial institutions and entities is impacted by the new frameworks • how to improve securitization and new instruments under MIFID II • issues in the enhanced supervision under delegated acts for AIFMD, CRR-CRD IV and Solvency II • how long term funding can be supplied in lieu of the non-conventional monetary policies • a new architecture for a safer and more efficient European financial system Financial Regulation in the EU provides much needed clarity on the impact of new financial regulation and the future of the economy, and will prove a must have reference for all those working in, researching and affected by these changes. 000807323 588__ $$aOnline resource; title from PDF title page (viewed September 12, 2017). 000807323 650_0 $$aFinancial services industry$$xState supervision$$zEuropean Union countries. 000807323 650_0 $$aFinancial institutions$$xLaw and legislation$$zEuropean Union countries. 000807323 650_0 $$aBanks and banking$$xState supervision$$zEuropean Union countries. 000807323 650_0 $$aMonetary policy$$zEuropean Union countries. 000807323 7001_ $$aDouady, Raphaël,$$eeditor. 000807323 7001_ $$aGoulet, Clément,$$eeditor. 000807323 7001_ $$aPradier, Pierre-Charles,$$eeditor. 000807323 77608 $$iPrint version:$$z9783319442860 000807323 852__ $$bebk 000807323 85640 $$3SpringerLink$$uhttps://univsouthin.idm.oclc.org/login?url=http://link.springer.com/10.1007/978-3-319-44287-7$$zOnline Access$$91397441.1 000807323 909CO $$ooai:library.usi.edu:807323$$pGLOBAL_SET 000807323 980__ $$aEBOOK 000807323 980__ $$aBIB 000807323 982__ $$aEbook 000807323 983__ $$aOnline 000807323 994__ $$a92$$bISE