| 书目名称 | Who Governs? | | 副标题 | Legislatures, Bureau | | 编辑 | John H. Wood | | 视频video | | | 概述 | Contributes to the literature on the behavior of bureaucracies, the effectiveness of financial regulation, and Federal Reserve conduct.Uses William McChesney Martin, Jr.‘s conduct as president of the | | 丛书名称 | Palgrave Studies in American Economic History | | 图书封面 |  | | 描述 | .When we start to perceive that there is a problem in the market (such as monopoly, fraud or speculation), the legislature passes a law to correct it, a bureaucracy is created to interpret and enforce the new law, firms and other market participants comply, and the problem is solved. But is it? Are politicians’ promises and textbooks’ stories to be believed? . .This book examines US economic history to demonstrate how the applications of laws are uncertain, affected by changing political and economic conditions as well as by legislators’ perceptions and the ability or willingness of bureaucracies to enforce laws. The two cases developed in this book revolve around William McChesney Martin, Jr., who helped apply (i) the 1930s Securities Acts as president of the New York Stock Exchange and (ii) the Federal Reserve Act in the Keynesian era unforeseen by that Act. As chairman of the New York Stock Exchange, Martin served as private regulator of firms listed on the Exchange—itself a publicly regulated entity. As chairman of the Federal Reserve, he then served as a public regulator. This book thus offers an innovative approach to understanding and examining the various issues and incent | | 出版日期 | Book 2020 | | 关键词 | William McChesney Martin, Jr; ; Federal Reserve; The Securities Act of 1933; New York Stock Exchange; Sec | | 版次 | 1 | | doi | https://doi.org/10.1007/978-3-030-33083-5 | | isbn_softcover | 978-3-030-33085-9 | | isbn_ebook | 978-3-030-33083-5Series ISSN 2662-3900 Series E-ISSN 2662-3919 | | issn_series | 2662-3900 | | copyright | The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerl |
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发表于 2025-3-21 18:10:50
