Structural changes in China's agricultural organization

Author: Shi Lei et al. Translated
Publisher:
Publish Date: 2002-06-01
Features: Banking Regulation is a highly influential work worldwide. This book uses the tools of information economics and contract theory, particularly the ideas of corporate theory and capital structure theory, to analyze the issue of prudent banking regulation. The authors first view banks as ordinary enterprises and derive the characteristics of their governance structure from the perspective of capital structure, proposing the "representative hypothesis" to answer the question "Why regulate banks?" Based on this idea, the authors delve deeply into the logic of contract theory, exploring optimal investor incentive schemes, bank manager performance evaluation methods, and how to choose a regulatory framework. They also examine the political economy of banking regulation and evaluate the Basel Accord and regulatory systems in other countries. The book also discusses the regulation of other non-bank financial institutions (such as securities companies, insurance companies, funds, etc.). This book is highly valuable for scholars, graduate students, senior undergraduates, bankers, and regulatory authorities who are interested in financial regulation, microbanking theory, and corporate theory. It can be read as a monograph or used as a textbook.