Varieties of Liberalism: Anglo-Saxon Capitalism in Crisis? Sue Konzelmann, Marc Fovargue-Davies, Gerhard Schnyder & John Wright LCCGE Seminar Friday, 22.

Slides:

Advertisements

Similar presentations

The EU in a flat world Philip Whyte Centre for European Reform Paris, 23 November 2007.

Advertisements

European Banking Sector in a period of Global Financial and Economic Crisis Viktorija Proskurovska Adviser, Economic and Monetary Affairs and Relations.

Financial evolution, regulatory reform and co-operation in Asia: Issues emerging from the discussion Seoul National University May 2013 Jayati Ghosh.

High liquidity and reduced credits: An important cause of Economic Recessions in Dev eloping countries Paper prepared for the Conference Re-regulating.

Financial convergence in Asia C.P. Chandrasekhar.

Governance, Regulation & Financial Market Instability: The Implications for Policy Sue Konzelmann & Marc Fovargue-Davies (Frank Wilkinson & Duncan Sankey)

Governance, Regulation & Financial Market Instability: The Implications for Policy Sue Konzelmann & Marc Fovargue-Davies (Frank Wilkinson & Duncan Sankey)

Varieties of Liberalism: Anglo-Saxon Capitalism in Crisis? Sue Konzelmann & Marc Fovargue-Davies (Gerhard Schnyder) REFGOV / DEMOGOV Brussels May.

Not so global afterall? Varieties of liberalism & the 2008 financial crisis Sue Konzelmann, Director LCCGE International Research Network on VoL Birkbeck.

Varieties of liberalism: Anglo-Saxon capitalism in crisis? Sue Konzelmann, Marc Fovargue-Davies & Gerhard Schnyder SASE ANNUAL MEETINGS Madrid, 27 June.

Neoliberalism and Japan. Neoliberalism Liberalism – Classical theory Adam Smith, market –self-regulating Milton Friedman, Chicago School – hyper- market.

Historical Perspective on British Columbias Credit Rating Presentation to Financial Management Institute June 18, 2008.

10-1 Financial Innovation and Banking Industry Structure Responses to Changes in Risk 1.Adjustable-rate mortgages 2.Financial Derivatives Responses to.

International Business 9e

The Politics of International Economic Relations: Session 7 5 December 2006.

Global Governance or World Order

1 Financial Markets and Institutions Leng Ling Department of Economics & Finance Georgia College & State University.

Economic Analysis of Financial Regulation

Copyright © 2012 Pearson Addison-Wesley. All rights reserved. Chapter 13 Balance of Payments, Debt, Financial Crises, and Stabilization Policies.

March 2009 Future developments in Global Finance and the implications for the industry Paola Subacchi, Research Director, Chatham House.

BANKING SYSTEM OF UKRAINE IN THE CONDITIONS OF FINANCIAL CRISES Presented by: Nnaemeka Ezenwa Presented by: Nnaemeka Ezenwa.

In Pursuit of Knowledge Lecture Series University of Victoria, Continuing Studies February 6, 2014 By Michael J. Prince.

Global governance in a neoliberal context: the case of the Basel Capital Accord Dr. Aaron Major Department of sociology University at Albany - SUNY Albany,

6.2. Managing the Global Economy: From Theory to Practice Learning Objectives: –Familiar with the objectives of global economic management –Understand.

The Savings and Loan Crisis of the 1980’s “The Largest Theft in History” - And a precedent for things to come.

1 Chinese Banks: The Path to Reform Dan Fineman International Supervision and Analysis Federal Reserve Bank of San Francisco March 2007.

Leonard Seabrooke Theories and Issues in International Political Economy.

Ireland’s Financial Crisis The Celtic Tiger Boom & Bust By: Griselda Hernandez, Jennie Duong, Driss Elouartallani.

U.S. Financial Regulations

Finance THE BANKING SYSTEM. Finance Lecture outline  The types and functions of banking  Central banking  Commercial and investment.

Chapter 10 Economic Analysis of Financial Regulation.

International Monetary Fund (IMF) Should the values of the United States be reflected in the conduct of the International Monetary Fund?

+ Key Concept – Development and Expansion of Financial Institutions c – 1900 CE.

What is Globalization? The stretching of economic, political and cultural activities and their integration at increasingly broader scales Economic Political.

Macroeconomic shocks and the Nordic banking crises.

American Banking  Bank  An institution for receiving, keeping, and lending money-near your home.

Recent Developments and Future Plans for the Actuarial Profession in Thailand Amornthip Chansrichawla, FSA August 1 st, 2006.

Enhancing the Growth Potential during the Fiscal Consolidation Ingrid Brocková Permanent Representative of the SR to the OECD Economics University in Bratislava.

Japan Financial Crisis By: Sander Chau Winslow Han.

Multinational Policymaking The International Financial Architecture.

POLITICAL ECONOMY OF GLOBAL BANKING CRISES MUSTAFA AKAYDIN HALİL BÜLBÜL.

1 It’s a better life …the benefits and challenges of the EU’s single market John Wyles. Partner, GPlus Europe Senior Adviser, European Policy Centre.

What is wrong with the International Financial Architecture and some elements for its reform Alfredo Calcagno UNCTAD 3 October 2011.

Global Business Environment The Global business environment & its components.

Principles of Finance Part 1. An Overview of Finance Requests for permission to make copies of any part of the work should be mailed to: Thomson/South-Western.

“The Regulatory Challenge” By Dr. Bassel Hindawi Director General of The Insurance Commission of Jordan at The 42 nd Annual Seminar of the International.

INT 200: Global Capitalism and its Discontents The Global Economic Order.

The Australian Experience Financial Market Convergence – Implications for Regulators and Regulatory Structures Regulatory and Supervisory Issues in Private.

5 October 2015 by Sigrid Brevik Wangsness.  The largest economy in the world with a major impact on the global economy  Until October 2008 an economic.

Chapter 1 Why Study Money, Banking, and Financial Markets?

Strategies for Banking Sector Modernization: Lessons from Canadian Experience Financial Modernization Seminar Bank of Thailand January 22, 2002 Fred Gorbet.

The Good, The Bad, and The Ugly The Global Financial Crisis The Good, The Bad, and The Ugly The Global Financial Crisis.

INT 200: Global Capitalism and its Discontents The Global Economic Order.

International Finance – Main Topics Dr. Antony Mueller.

Personal Financial Planning Developing Personal Financial Goals Lesson 1.1 Part 2.

NAMIBIA INTERNATIONAL INVESTMENT CONFERENCE DEVELOPING THE NON-BANKING SECTOR IN NAMIBIA: ”NAMFISA’S ROLE”. Presenter: Mr. R. Ritter 31 October 2007 Safari.

Global imbalances Martin Wolf, Associate Editor & Chief Economics Commentator, Financial Times Mont Pelerin Society New York March 2009.

Markets and Government: Striking a balance in Singapore Singapore Economic Policy Forum 22 October 2010 Ministry of Trade & Industry.

Scott H. Jacobs Jacobs and Associates,

17 October 2016 by Sigrid Brevik Wangsness

Chapter 10 Financial deregulation

The Federal Reserve System: History and Structure

ECONOMIC GLOBALIZATION

نام درس: اقتصادتوسعه استادمربوطه: جناب آقای دکترفطرس تهیه کنندگان:زهرا بیات،زهرا کلهری،مریم مردانی ارائه دهنده: زهرابیات پاییز1395.

Globalization and Economy

Corporate Governance 5. MODELS.

James Watson, Director Economics

THE POST-CRISIS GLOBAL ECONOMY

THE INTERNATIONAL POLITICAL ECONOMY OF MONEY

Finance, Financialisation and the Crisis

Presentation transcript:

Varieties of Liberalism: Anglo-Saxon Capitalism in Crisis? Sue Konzelmann, Marc Fovargue-Davies, Gerhard Schnyder & John Wright LCCGE Seminar Friday, 22 October 2010

Market capitalization & Cost of bank bail-outs Change ($bn) Bank bail-out package as a % GDP (March 2009) Canada % Australia % UK % USA % Source: Financial Times, 23 March 2009, p values are as of 31 May 1999; 2009 values are as of 17 March 2009; Stewart 2009.

Overview (1) Varieties of Economic Liberalism & the State –Neo-classical liberalism –Ordoliberalism Contemporary Economic Liberalization in the Anglo-Saxon World –Influenced by political & economic climate of 1970s & 80s –1971: US discontinues gold backing of the American dollar, leading to the collapse of Bretton Woods; UK introduces policy of Competition & Credit Control and makes a Dash for Growth

Overview (2) Deregulation & Financial Market Supervision –The regulator & the regulated –US & UK: Balancing the requirements of a global financial centre with those of a stable marketplace –Canada & Australia: Regulating financial institutions Early Effects and Responses to Crises during the 1980s & 1990s –Australias corporate cowboys –The American Savings & Loan crisis –Canadian & British bank, insurance trust & investment house failures –Looking into the abyss …

The Structuring Role of Theory & Policy, Tempered by Context Getting it Right & Getting it Wrong? Philosophy of Liberalization & Relationships –Relations between financial institutions & the state –Balance of power (in Canada & Australia)? Banks are bastards … bigger banks are bigger bastards We are the regulator; our job is to tell you what to Conclusions (1)

Smart Regulation –Recognition of a community of shared fate? The Regulator & the Regulated National Context The Direction of Reform –No such thing as a perfect regulatory system –Aim of legislation: to avoid future crises & achieve a dynamic balance between markets & the state –Understanding the true nature of economic liberalism … Conclusions (2)