Goodhart, Charles. A. E., The regulatory response to the financial crisis.
Cheltenham, UK ; Northampton, MA : Edward Elgar Pub, c2009. Call number: HB3722 .G66x 2009
Publisher's Description:
There are already many papers and books on the causes and course of the current financial crisis, but this is the first and, for the moment, only such book to focus on the regulatory response to it. There are two main attributes that a bank needs to remain in business during a period of turmoil, liquidity to enable it to pay its debts when due, and capital, to absorb losses. Both have been insufficient. Goodhart describes what went wrong and what needs to be done, alongside discussions of deposit insurance, credit rating agencies, prompt corrective action, etc.
Charles Goodhart is the senior British economist specializing in financial stability issues. As the turmoil began, continued and exploded into crisis, he has kept up a series of commentaries, all since September 2007. These have been brought together, plus some new and additional material, to provide the reader with an overview of what went wrong in the regulatory framework for the financial system, and what now needs to be done to put that right. This will be required reading for financial regulators, practitioners in banking and finance, academics and students of finance, and those just wanting to know what went wrong and what to do now.
Gerangelos, Peter A.., The separation of powers and legislative interference in judicial process : constitutional principles and limitations.
Oxford ; Portland, Or. : Hart, 2009. Call number: K3367 .G47x 2009
Publisher's Description:
This book examines the constitutional principles governing the relationship between legislatures and courts at that critical crossroads of their power where legislatures may seek to intervene in the judicial process, or to interfere with judicial functions, to secure outcomes consistent with their policy objectives or interests. Cases of high political moment are usually involved, where the temptation, indeed political imperative, for legislatures to intervene can be overwhelming. Although the methods of intervention are various, ranging from the direct and egregious to the subtle and imperceptible, unbridled legislative power in this regard has been a continuing concern in all common law jurisdictions. Prominent examples include direct legislative interference in pending cases, usurpation of judicial powers by legislatures, limitations on the jurisdiction of courts, strategic amendments to law applicable to cases pending appeal, and attempts directly to overturn court decisions in particular cases.
Because the doctrine of the separation of powers, as entrenched constitutional rule, is a major source of principle, the book will examine in detail the jurisprudence of the United States and Australia in particular. These jurisdictions have identical constitutional provisions entrenching that doctrine as well as the most developed jurisprudence on this point. The legal position in the United Kingdom, which does not have an entrenched separation of powers doctrine, will be examined as a counterpoint. Other relevant jurisdictions (such as Canada, Ireland and India) are also examined in the context of particular principles, particularly when their respective jurisprudence is rather more developed on discrete points. The book will examine how the relevant constitutional principles strive to maintain the primacy of the law-making role of the legislature in a representative democracy and yet afford the decisional independence of the judiciary that degree of protection essential to protect it from the legislature's 'impetuous vortex', to borrow the words of Madison from the Federalist (No 48).
