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Investor protection and the costs of public policy failure
Bibliography: leaves 82-88.
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| Main Author: | |
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| Other Authors: | |
| Format: | Thesis |
| Language: | English |
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School of Economics
2015
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| _version_ | 1867613164231720960 |
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| access_status_str | Open Access |
| author | Steward, Chris |
| author2 | Hugh, H S |
| author_browse | Hugh, H S Steward, Chris |
| author_facet | Hugh, H S Steward, Chris |
| author_sort | Steward, Chris |
| collection | Thesis |
| description | Bibliography: leaves 82-88. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/13843 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:31:47.142Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2015 |
| publishDateRange | 2015 |
| publishDateSort | 2015 |
| publisher | School of Economics |
| publisherStr | School of Economics |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/13843 Investor protection and the costs of public policy failure Steward, Chris Hugh, H S Economics Bibliography: leaves 82-88. Competitive markets respond automatically to change. Corrective forces are delivered by the pricing mechanism, where price changes indicate new allocations in the consumption of economic resources. Those market participants that are unable to respond adequately to change fail, resulting in a restructuring of the marketplace. Such failures are necessary in order to prevent a misallocation of scarce resources. Public policies, by attempting to suppress or eliminate the dynamic corrective processes of competitive markets, may lead to significant distortions in the marketplace. Using the collapse of the American Savings and Loan Industry as a case study, this paper analyses the distortions that may arise in the provision of financial services as a consequence of misguided public policy. While it is recognised that there may be scope for some public sector involvement in the financial sector of an economy, the overriding theme is that the goal of financial stability would best be served by actively promoting the corrective forces of private, competitive markets. 2015-09-14T07:07:09Z 2015-09-14T07:07:09Z 1993 Master Thesis Masters MCom http://hdl.handle.net/11427/13843 eng application/pdf School of Economics Faculty of Commerce University of Cape Town |
| spellingShingle | Economics Steward, Chris Investor protection and the costs of public policy failure |
| thesis_degree_str | Master's |
| title | Investor protection and the costs of public policy failure |
| title_full | Investor protection and the costs of public policy failure |
| title_fullStr | Investor protection and the costs of public policy failure |
| title_full_unstemmed | Investor protection and the costs of public policy failure |
| title_short | Investor protection and the costs of public policy failure |
| title_sort | investor protection and the costs of public policy failure |
| topic | Economics |
| url | http://hdl.handle.net/11427/13843 |
| work_keys_str_mv | AT stewardchris investorprotectionandthecostsofpublicpolicyfailure |