Mechanism Design and International Risk Regulation Institutions: Theories and Models for Financial Markets

Financial crises have exposed weaknesses in financial markets and risk management institutions. Mike Nwogugu's book Mechanism Design and International Risk Regulation Institutions suggests that international risk regulation should transcend the current emphasis on organizations and assets/liabilities and introduce new mechanisms for banking, external auditing, securitization, franchising, the corporate entity, and credit ratings. It also discusses the symbolic and functional importance of Constitutional Political Economy in legislation and risk management.

\n Format: Hardback
\n Length: 200 pages
\n Publication date: 01 January 2021
\n Publisher: Taylor & Francis Ltd
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Financial crises, including those related to sub-prime loans/mortgages, have exposed weaknesses in financial markets and risk management institutions worldwide. In Mechanism Design and International Risk Regulation Institutions, Mike Nwogugu explains that Risk Management Institutions in this context refers not just to organizations, but also to methods, assets/liabilities, mathematical computations, government interventions, and regulations that pertain to global risk management. The author suggests that in order to foster economic growth, international risk regulation should transcend the current emphasis on organizations and assets/liabilities because despite international coordination and new laws enacted in various countries during 2007-2012, risk regulation remains highly ineffective in many countries. The author also critiques mechanism design theory (a branch of mathematics) and explains how implementation and divisibility are major elements of, and limitations to mechanisms. The author introduces new mechanisms that pertain to banking, external auditing (auditor selection), securitization, franchising, the corporate entity, and credit ratings (all of which in their current form are distinct failed mechanisms). In this book, the author introduces new risk management models; and new methods for the risk-based interpretation of national Constitutions; and explains the symbolic and functional importance of Constitutional Political Economy in legislation and risk management. The Author illustrates the effects of risk regulation on economic growth. The book elucidates mechanism design theories as they relate to risk, and analyses antitrust prediction and franchising models within the context of systemic risk. The Author develops new theories of the firm and mathematical.

Financial crises, including those related to sub-prime loans/mortgages, have exposed weaknesses in financial markets and risk management institutions worldwide. In Mechanism Design and International Risk Regulation Institutions, Mike Nwogugu explains that Risk Management Institutions in this context refers not just to organizations, but also to methods, assets/liabilities, mathematical computations, government interventions, and regulations that pertain to global risk management. The author suggests that in order to foster economic growth, international risk regulation should transcend the current emphasis on organizations and assets/liabilities because despite international coordination and new laws enacted in various countries during 2007-2012, risk regulation remains highly ineffective in many countries. The author also critiques mechanism design theory (a branch of mathematics) and explains how implementation and divisibility are major elements of, and limitations to mechanisms. The author introduces new mechanisms that pertain to banking, external auditing (auditor selection), securitization, franchising, the corporate entity, and credit ratings (all of which in their current form are distinct failed mechanisms). In this book, the author introduces new risk management models; and new methods for the risk-based interpretation of national Constitutions; and explains the symbolic and functional importance of Constitutional Political Economy in legislation and risk management. The Author illustrates the effects of risk regulation on economic growth. The book elucidates mechanism design theories as they relate to risk, and analyses antitrust prediction and franchising models within the context of systemic risk. The Author develops new theories of the firm and mathematical.

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Dimension: 246 x 174 (mm)\n
ISBN-13: 9781409456988\n \n