The collapse of Enron and other major corporations has led to great misunderstanding of the markets and products in which Enron was involved, as well as to numerous hasty international calls for greater regulations. Many of these proposed political changes are rash responses to more tightly regulate the markets in which Enron was involved in many cases, markets that functioned properly in which even Enron’s role was legitimate and that played no part in the firm’s downfall. This book attempts to present a cogent analysis of the public policy world after Enron what is likely to happen, as well as what should happen from a normative economic analysis standpoint.
Book Details:
- Author: Christopher L. Culp
- ISBN: 9780470314111
- Year Published: 2003
- Pages: 352
- BISAC: BUS027000, BUSINESS & ECONOMICS/Finance
About the Book and Topic:
The collapse of Enron and other major corporations has led to great misunderstanding of the markets and products in which Enron was involved, as well as to numerous hasty international calls for greater regulations. Many of these proposed political changes are rash responses to more tightly regulate the markets in which Enron was involved in many cases, markets that functioned properly in which even Enron’s role was legitimate and that played no part in the firm’s downfall. This book attempts to present a cogent analysis of the public policy world after Enron what is likely to happen, as well as what should happen from a normative economic analysis standpoint.
A reasoned, informed response to the numerous proposals to restrict derivatives and other activities following Enron’s failure is critical. This book will provide the background on the markets, players, regulations, and institutional environment that will arm people to make such evaluations in an informed way.
* The first book to address public policy issues created by the Enron bankruptcy and other corporate disasters. * All of the contributors to this book are major thinkers in their field of expertise. * Provides a detailed background of the markets, players, regulations, and institutional environment surrounding these corporate debacles.
About the Author
Christopher L. Culp, Ph.D. (Chicago, IL) is Managing Director of C.P. Risk Management LLC, Adjunct Associate Professor of Finance at the Graduate School of Business of The University of Chicago, and Visiting Professor of Risk and Insurance in the Institut für Finanzmanagement at Universität Bern. Culp is the author of two books: The ART of Risk Management: Alternative Risk Transfer, Capital Structure, and Convergences Between Insurance and Capital Markets (Wiley 2002), and The Risk Management Process: Business Strategy and Tactics (Wiley 2001). In addition, he co-edited Corporate Hedging in Theory and Practice (Risk, 1999) with Merton Miller. Dr. Culp holds a Ph.D. in business with a concentration in finance from The University of Chicago’s Graduate School of Business, and a BA in economics from The Johns Hopkins University. William A. Niskanen, Ph.D. (Washington, DC) has been chairman of the Cato Institute since 1985, having previously been acting chairman of President Reagan’s Council of Economic Advisers. One of the most highly regarded microeconomists in the nation, Niskanen has taught economics at the University of California at Berkeley and Los Angeles. He has also served as director of economics at Ford Motor Company and as a defense analyst for the Pentagon, the RAND Corporation, and the Institute for Defense Analyses. He holds a BA from Harvard and a Ph.D. in economics from the University of Chicago.