"In the late 1960s, France attempted a complete overhaul of its financial regulations without being forced to do so by a stock market crash or the collapse of its banking system. Out of pure political expediency, Gaullist reformers seized the opportunity offered by a minor insider trading case to establish the "Commission des Opérations de Bourse (COB), an independent commission in charge of regulating the securities market. Even more surprisingly, these staunch defenders of national sovereignty drew their inspiration from an American model, the Securities and Exchange Commission. Rather than a comparative study of securities regulation in France and the United States, the book is an investigation of the dynamics of policy transfer in the field of securities regulation. Along the way, it reveals a great deal about French and American perceptions of morality and capitalism, but also, more generally, about the exercise of political power in modern democracies, the interaction between business and government, and the mechanisms of institutional innovation"-- Provided by publisher.
Bibliography, etc. Note
Includes bibliographical references and index.
Formatted Contents Note
A Minister on a Mission "Thieves!" The Paris Bourse in the 1960s: A Basket Case? France Looks at America Drafting the Ordonnance Take-off The Red Flag over the "Temple of Gold" In Search of Legitimacy Mr. Chatenet Goes to Washington Mission Accomplished?
KJV2495.8 .P47 2018
Baltimore, Maryland : Johns Hopkins University Press,