Financial Innovation, Regulation and Crises in History - Piet Clement-Harold James-Herman Wee - 2014

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Index conveyance rule, VOC shares, 20–1 Coöperatieve Centrale Boerenleenbank (CCB), 40–54 Coöperatieve Centrale Christelijke Boerenleenbank (CCCB), 40, 43 Coöperatieve Centrale Raiffeisen-Bank (CCRB), 40–54 corporate governance, 2, 3 Cotinho, Samuel, 26–7 Court of Holland, 16–17, 19, 23, 28 cases summaries, 34–5t2.1–2.3 litigation procedure, 19–20 sentences, 18 credit access, and financial innovation, 6 contracts, disruption potential, 129–31 co-operative banks, 41, 44–5, 49–51 cycle, 1 default swaps (CDS), 5 derivatives market, 132 extension volatility, and asset prices issue, 134 markets, volatility effects, 130 potentially destabilizing effects, 130 pricing/ supply booms/ busts, impact, 128–9 credit securities marketable, 131–2 pooling/ tranching, 132 credit-driven asset cycles, 130 Credito Italiano (Credit), 72, 73 Cripps Warburg, 100–1 Cripps, Milo, 100 Cripps, Stafford, Warburg and, 105 crises, co-operative banks performance during, 9, 37, 39–54 crisis 2007, drivers, 127–38 Crockett, Andrew, and credit controls relaxation, 95 Crown Agents, rescue, 98 da Cunha, Sebastiaen, 26, 28–9, 31–2 dairy co-operatives, 38 de Groot, Hugo (Grotius), law compilation, 18 de Meijere, Maerten, 22–3 De Nederlandsche Bank (DNB), 39, 43–4, 51, 52

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de Vries, Johan, on DNB, 39 de-leveraging, 5 debt contracts specificity of nominal value, effects, 129 specificity of tenor, effects, 129 debt default/ bankruptcy rigidity, effects, 129–30 debt deflation, effects, 129 deflation, economic harm capacity, 129 deposit insurance, 105 deposits use, US/ Italy comparison, 79–80 derivatives, associated risks control, 140 Discount Office Principal, 87 disposals attempts, SR, 63–4 Doha negotiations, 120 dollar assets vs. gold, 62–3 Duarte, Manuel Levy, short sales, 17 Dutch see Netherlands Dutch East India Company (VOC), 8–9, 13–35 conveyance rule, 20–1 share prices, declines, 28, 31–2 share transfers, 13–18, 14f2.1, 15f2.2 easy money policies, 1, 2 Economist, on Warburg, 89 economy, real, financial system relation to, 135–7 Eichengreen, Barry, on financial history, 12 Escher, Alfred, 57 Euro–Dollar Market, 117 Eurobond market, Warburg and, 90, 92 European Economic Community (EEC) Common Market and financial services industry, 115–20 and prudential regulation, 117–18 and tariffs, 115 trade policy initiatives, 108, 115–20 transition to single market, 115–20 First Banking Directive, 117–18 liberalization directives and banking industry, 116–20 and insurance trade, 116 Second Banking Directive, 118–20 Treaty of Rome, 117 UK and, 104 see also European Union European Monetary Agreement (EMA), 110


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