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Experts from NYU Stern School of Business analyze new financial
regulations and what they mean for the economy
The NYU Stern School of Business is one of the top business schools in the
world thanks to the leading academics, researchers, and provocative thinkers who call it
home. In Regulating Wall Street: The New Architecture of Global Finance, an impressive
group of the Stern school’s top authorities on finance combine their expertise in
capital markets, risk management, banking, and derivatives to assess the strengths and
weaknesses of new regulations in response to the recent global financial crisis.
- Summarizes key issues that regulatory reform should address
- Evaluates the key components of regulatory reform
- Provides analysis of how the reforms will affect financial firms and
markets, as well as the real economy
The U.S. Congress is on track to complete the most significant changes in
financial regulation since the 1930s. Regulating Wall Street: The New Architecture of
Global Finance discusses the impact these news laws will have on the U.S. and global
financial architecture.
Table of Contents
Foreword.
Preface.
PROLOGUE: A BIRD'S-EYE VIEW.
The Dodd-Frank Wall Street Reform and Consumer Protection Act (Viral
V. Acharya, Thomas Cooley, Matthew Richardson, Richard Sylla, and Ingo Walter).
PART ONE: Financial Architecture.
CHAPTER 1: The Architecture of Financial Regulation (Thomas Cooley and
Ingo Walter).
CHAPTER 2: The Power of Central Banks and the Future of the Federal Reserve
System (Thomas Cooley, Kermit Schoenholtz, George David Smith, Richard Sylla, and
Paul Wachtel).
CHAPTER 3: Consumer Finance Protection (Thomas Cooley, Xavier Gabaix,
Samuel Lee, Thomas Mertens, Vicki Morwitz, Shelle Santana, Anjolein Schmeits, Stijn Van
Nieuwerburgh, and Robert Whitelaw).
PART TWO: Systemic Risk.
CHAPTER 4: Measuring Systemic Risk (Viral V. Acharya, Christian
Brownlees, Robert Engle, Farhang Farazmand, and Matthew Richardson).
CHAPTER 5: Taxing Systemic Risk (Viral V. Acharya, Lasse Pedersen,
Thomas Philippon, and Matthew Richardson).
CHAPTER 6: Capital, Contingent Capital, and Liquidity Requirements
(Viral V. Acharya, Nirupama Kulkarni, and Matthew Richardson).
CHAPTER 7: Large Banks and the Volcker Rule (Matthew Richardson, Roy
C. Smith, and Ingo Walter).
CHAPTER 8: Resolution Authority (Viral V. Acharya, Barry Adler,
Matthew Richardson, and Nouriel Roubini).
CHAPTER 9: Systemic Risk and the Regulation of Insurance Companies (Viral
V. Acharya, John Biggs, Hanh Le, Matthew Richardson, and Stephen Ryan).
PART THREE: Shadow Banking.
CHAPTER 10: Money Market Funds: How to Avoid Breaking the Buck (Marcin
Kacperczyk and Philipp Schnabl).
CHAPTER 11: The Repurchase Agreement (Repo) Market (Viral V. Acharya
and T. Sabri Oncu).
CHAPTER 12: Hedge Funds, Mutual Funds, and ETFs (Stephen Brown,
Anthony Lynch, and Antti Petajisto).
CHAPTER 13: Regulating OTC Derivatives (Viral V. Acharya, Or Shachar,
and Marti Subrahmanyam0.
PART FOUR: Credit Markets.
CHAPTER 14: The Government-Sponsored Enterprises (Viral V. Acharya, T.
Sabri Oncu, Matthew Richardson, Stijn Van Nieuwerburgh, and Lawrence J. White).
CHAPTER 15: Regulation of Rating Agencies (Edward I. Altman, T. Sabri
Oncu, Matthew Richardson, Anjolein Schmeits, and Lawrence J. White).
CHAPTER 16: Securitization Reform (Matthew Richardson, Joshua Ronen,
and Marti Subrahmanyam).
PART FIVE: Corporate Control.
CHAPTER 17: Reforming Compensation and Corporate Governance (Jennifer
Carpenter, Thomas Cooley, and Ingo Walter).
CHAPTER 18: Accounting and Financial Reform (Joshua Ronen and Stephen
Ryan).
Epilogue.
About the Authors.
About the Blog.
Index.
573 pages, Hardcover