Description
Book SynopsisA novel historical perspective on how stock markets influence each other internationally. A nation usually overhauls its financial regulations after a stock market crash or the collapse of its banking system. In 1967, France did something rare. Out of pure political expediency, Gaullist leaders and senior civil servants seized the opportunity offered by an insider-trading case and established an independent commission to regulate the securities market: the Commission des Opérations de Bourse, or COB. Despite their staunch defense of national sovereignty, these reformers drew their inspiration from an American model, the Securities and Exchange Commission. Highlighting the international sources for national reform, Yves-Marie Péréon's Moralizing the Market explores the dynamics of policy transfer in securities regulationa subject that has rarely been considered from a historical perspective. That regulation has been used to attract investors and foster market development challenges
Table of ContentsAcknowledgments
Introduction
1. A Minister on a Mission
2. "Thieves!"
3. The Paris Bourse in the 1960s: A Basket Case?
4. France Looks at America
5. Drafting the Ordonnance
6. Takeoff
7. The Red Flag over the "Temple of Gold"
8. In Search of Legitimacy
9. Mr. Chatenet Goes to Washington
10. Mission Accomplished?
Conclusion
Notes
Bibliography
Index
