ECONOMIC ISSUES IN THE REGULATION OF MUTUAL FINANCIAL FIRMS: THE CASE OF U.K. BUILDING SOCIETIES
1994; Wiley; Volume: 62; Issue: 3 Linguagem: Inglês
10.1111/j.1467-9957.1994.tb00249.x
ISSN1467-9957
Autores Tópico(s)Housing Market and Economics
ResumoThe Manchester SchoolVolume 62, Issue 3 p. 227-250 ECONOMIC ISSUES IN THE REGULATION OF MUTUAL FINANCIAL FIRMS: THE CASE OF U.K. BUILDING SOCIETIES DAVID K. MILES, DAVID K. MILES Merrill Lynch Limited and Birkbeck College, University of London I would like to thank Mark Boleat, Ben Lockwood, seminar participants at the University of Newcastle and at the Bank of England and, especially, two anonymous referees for many helpful comments on earlier drafts.Search for more papers by this author DAVID K. MILES, DAVID K. MILES Merrill Lynch Limited and Birkbeck College, University of London I would like to thank Mark Boleat, Ben Lockwood, seminar participants at the University of Newcastle and at the Bank of England and, especially, two anonymous referees for many helpful comments on earlier drafts.Search for more papers by this author First published: September 1994 https://doi.org/10.1111/j.1467-9957.1994.tb00249.xCitations: 6 AboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onEmailFacebookTwitterLinkedInRedditWechat References Akerlof, G. (1970). “The Market for Lemons: Qualitative Uncertainty and the Market Mechanism”, Quarterly Journal of Economics, Vol. 84, No. 3 pp. 488–500. 10.2307/1879431 Web of Science®Google Scholar Alexander, Laing and Cruikshank (1988). Clearing Bank Fact Book, London. Google Scholar Bank for International Settlements (1986). Recent Innovations in International Banking, Basle , B.I.S. Google Scholar Berle, A. and Means, G. (1932). The Modern Corporation and Private Property, New York , Macmillan. Web of Science®Google Scholar Chant, J. (1987). “ Regulation of Financial Institutions — A Functional Analysis”, Bank of Canada Technical Report No. 45. . Google Scholar Copeland, T. and Weston, I. (1988). Financial Theory and Corporate Policy ( 3rd Edition), New York , Addison-Wesley. Google Scholar Diamond, D. (1984). “Financial Intermediation and Delegated Monitoring”, Review of Economic Studies, Vol. 51, No. 3 pp. 393–413. 10.2307/2297430 Web of Science®Google Scholar Diamond, D. and Dybvig, P. (1983). “Bank Runs, Deposit Insurance and Liquidity”, Journal of Political Economy, Vol. 91, No. 3 pp. 401–418. 10.1086/261155 Web of Science®Google Scholar Fama, E. (1980). “Agency Problems and the Theory of the Firm”, Journal of Political Economy, Vol. 28, No. 21 pp. 288–307. 10.1086/260866 Web of Science®Google Scholar Goodhart, C. A. E. (1986). “Financial Innovation and Monetary Control”, Oxford Review of Economic Policy, Vol. 2, No. 4 pp. 79–99. 10.1093/oxrep/2.4.79 Google Scholar Goodhart, C. A. E. (1987). “Why Do We Need a Central Bank?”, Oxford Economic Papers, Vol. 49, No. 1 pp. 75–89. Google Scholar Goodhart, C. A. E. (1988). The Evolution of Central Banks, Cambridge , Mass. , The MIT Press. Google Scholar Hay, D. and Morris, D. (1979). Industrial Economics: Theory and Evidence, Oxford , Oxford University Press. Google Scholar Jensen, M. and Fama, E. (1983a). “Separation of Ownership and Control”, Journal of Law and Economics, Vol. 26, No. 2 pp. 301–326. Google Scholar Jensen, M. and Fama, E. (1983b). “Agency Problems and Residual Claims”, Journal of Law and Economics, Vol. 26, No. 2 pp. 327–350. 10.1086/467038 Google Scholar Llewellyn, D. and Holmes, M. (1990). “ In Defence of Mutuality”, paper presented to CIRIEC Conference, Liege, Belgium , September. Google Scholar Merton, R. (1978). “On the Cost of Deposit Insurance when there are Surveillance Costs”, Journal of Business, Vol. 51, No. 3 pp. 439–452. 10.1086/296007 Web of Science®Google Scholar Miles, D. (1992). “Housing Markets, Consumption and Financial Liberalisation in the Major Economies”, European Economic Review, Vol. 36, No. 5 pp. 1–35. 10.1016/0014-2921(92)90048-2 PubMedWeb of Science®Google Scholar Nicols, A. (1967). “Property Rights and Behavior: Stock Versus Mutual Savings and Loan Associations: Some Evidence of Differences in Behavior”, American Economic Review, Vol. 57, No. 3 pp. 337–346. Google Scholar O'Hara, M. (1981). “Property Rights and the Financial Firm”, Journal of Law and Economics, Vol. 24, No. 2 pp. 313–333. 10.1086/466986 Web of Science®Google Scholar Prima Europe. (1988). Building Societies–A Case for Mutuality, report prepared for the Woolwich Building Society, November. Google Scholar Singh, A. (1971). Takeovers: Their Relevance to the Stock Market and the Theory of the Firm, Cambridge , Cambridge University Press. Google Scholar Singh, A. (1975). “Takeovers, Economic Natural Selection and the Theory of the Firm: Evidence from the Post-War UK Experience”, Economic Journal, Vol. 85, No. 3 pp. 497–515. 10.2307/2230895 Web of Science®Google Scholar Taggart, R. and Greenbaum, S. (1978). “Bank Capital and Public Regulation”, Journal of Money, Credit, and Banking, Vol. 10, No. 2 pp. 158–178. 10.2307/1991868 Web of Science®Google Scholar UBS Phillips and Drew. (1991). Banks and Building Societies–Bloodbath in the High Street, London , UBS Phillips and Drew. Google Scholar Citing Literature Volume62, Issue3September 1994Pages 227-250 ReferencesRelatedInformation
Referência(s)