Exemption of SME loans from required reserves eyed.
Byline: BERNIE CAHILES-MAGKILAT The Department of Trade and Industry is working closely with the Department of Finance and the Monetary Board to possibly exempt banks from the reserve requirement for the loans they extend to small and medium enterprises (SMEs). DTI Secretary Cesar V. Purisima...

Preventing banking crises in the future: lessons from past mistakes.
Almost every country -- large or small, developed or developing, free market or planned, free enterprise or socialistic, democratic or authoritarian, western or eastern, northern or southern -- has experienced serious banking (depository institution) problems in recent years.(1) Few countries have escaped unscathed. The cost of resolving these problems...

Can states tax national banks to educate consumers about predatory lending practices?
INTRODUCTION I. NATIONALIZATION OF BANKING MARKETS AND FEDERAL PREEMPTION OF STATE LAWS A. State Usury Statutes B. Preemption Rulings of the Comptroller of the Currency C. The Dilemma for States and the Appeal of Consumer Education D. A Model Act II. THE TAXING POWER OF STATES A. History of...

Encyclopedia of the Global Economy: A Guide for Students and Researchers, vols. 1-2.
03133358420 Encyclopedia of the global economy; a guide for students and researchers; 2v. O'Connor, David E. Greenwood Pr. 2006 814 pages $250.00 Hardcover HF1359 In volume one, O'Connor (economics, Edwin O....

Toward a basal Tenth Amendment: a riposte to national bank preemption of state consumer protection laws.
Recent regulations promulgated by the Office of the Comptroller of the Currency assert a sweeping authority to preempt a broad array of state laws, including consumer protection laws, applicable not only to national banks but also to their state-chartered operating subsidiaries. The regulations threaten both to disrupt state efforts...

Gold standards and the real bills doctrine in U.S. monetary policy.
[The English gold standard after Waterloo] was a perfectly "free" or "automatic" gold standard that allowed for no kind of management other than is implied in the regulatory power of any central bank that is a "lender of last resort." ... [Despite much opposition] the gold-standard policy was never...

Main Street or Bay Street: the only choices?
Sweeping changes in the financial world have brought the Canadian financial services industry to a fork in the road. Down one path -- we might call it Bay Street -- is an internationally competitive banking system consisting of a few large banks. For some financial services, however, Bay Street...

No small change: the awkward economics and politics of North American monetary integration. (The Border Papers).
In this issue ... Hopes that adopting a monetary system based on the US dollar would improve Canada's economic performance and elicit US accommodation of Canada's monetary needs are probably misplaced, making the country's current monetary regime--a floating exchange rate, inflation targets, and domestic accountability of policymakers--the...

Rethinking Bank Regulation: Till Angels Govern.
Rethinking Bank Regulation: Till Angels Govern James R. Barth, Gerard Caprio Jr., and Ross Levine Cambridge: Cambridge University Press, 2006, 428 pp. When experts recommend economic policies for developing countries, they often fail to take into account the inability of weak governments to implement those policies. An...

Peso gains as local shares surge 7.3%.
The peso gained against the US dollar while local share prices rallied by 7.3 percent yesterday buoyed by the worldwide recovery in equities as investors welcomed the coordinated moves taken by the major powers to shore up their banking systems and end the financial turmoil afflicting global markets. ...