Bank failures, systemic risk, and bank regulation

Article Abstract:

Many countries impose special prudential regulations on banks, since bank failures are being perceived as systemic risks. But prudential policies are counterproductive, and unintentionally introduce both moral hazard behaviour by banks and principal-agent problems by the regulators. Macroeconomic policies, which achieve stability and avoid price bubbles, can help banks to avoid failures and systemic risk. Introducing a structured early intervention and resolution system, which is incentive compatible and market-oriented, can reduce bank failures and related costs.

Analysis, Evaluation, Industry regulations, Government regulation of business, Trade regulation, Macroeconomics, Bank failures

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From planning to regulation: toward a new dirigisme?

Article Abstract:

An economist who pointed out the folly of planning in India was ignored by a clerisy who claimed access to technocratic thinking and whose opinions prevailed. Their efforts failed. However, an existing group of technocrats in the Indian bureaucracy are proposing similar economic plans in the form of government control of the market that could once again derail India's efforts to economic prosperity. This new, so-called dirigisme of regulation is evaluated.

Economic development, India, Central planning

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How state regulation of the Internet violates the commerce clause

Article Abstract:

The exponential use of the Internet computer network worldwide has led to attempts at government regulation. Several states such as Georgia and California are trying to pass laws related to Internet use. A scrutiny of laws that have been passed or are pending should give one cause for alarm because of their potentially adverse effects on Internet expansion and productivity. How state regulation of Internet use contravenes the commerce clause is discussed.

Computer networks, Laws, regulations and rules, Internet, Electronic commerce, E-commerce, Information networks

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