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Full-Text Articles in Law

Federal Reserve: History, Purposes And Functions - An Analysis, Mukunda Lakshamanarao Jan 1997

Federal Reserve: History, Purposes And Functions - An Analysis, Mukunda Lakshamanarao

LLM Theses and Essays

On December 23, 1913, President Woodrow Wilson signed into law the Federal Reserve Act. With this law, Congress established a central banking system which would enable the world’s most powerful industrial nation to manage its money and credit more effectively than ever before. The political and legislative struggle to create the Federal Reserve System was long and often bitter, and this final product in 1913 was the result of a carefully crafted and somewhat tenuous political compromise between national and regional powers. Since its founding, the Federal Reserve System has evolved to meet the needs of a changing financial system …


Central Banks As Regulators And Supervisors Of The Financial System; Parallel Between The American Federal Reserve System And The Colombian Bank Of The Republic, Ricardo Mauricio Rosillo Jan 1997

Central Banks As Regulators And Supervisors Of The Financial System; Parallel Between The American Federal Reserve System And The Colombian Bank Of The Republic, Ricardo Mauricio Rosillo

LLM Theses and Essays

The first part of this thesis will focus on the origin and legal nature of the American Federal Reserve System established by the Federal Reserve Act of 1913 and Colombia's Bank of the Republic. Next, I will offer a deep study of the structure of the Federal Reserve System, concentrating on institutions like the Board of Governors, the Federal Reserve Bank, the Federal Open Market Committee, and member banks. The author also describes and analyzes Colombia's Bank of the Republic, placing emphasis on the reforms introduced by the new Constitution. In Chapter IV the main faculties, functions, and operations undertaken …


Securities Market And Securities Regulations In China, Fengxia Dai Jan 1997

Securities Market And Securities Regulations In China, Fengxia Dai

LLM Theses and Essays

China is a large developing country with a socialist ideology that is currently undergoing a period of reform and transformation. In December 1990, China opened its first national securities market - the Shanghai Securities Exchange. This was soon followed in November 1991 by the first special shares denominated in foreign currencies and sold only to overseas investors. These important steps in the development of China’s securities industry indicate commitment by Chinese authorities to the two key components of the nation’s economic reform program - economic systemic reform, and opening to the outside world. China’s securities market and securities regulations contain …


Debtors' Good Faith In Us Bankruptcy Proceedings, Chen Yang Jan 1997

Debtors' Good Faith In Us Bankruptcy Proceedings, Chen Yang

LLM Theses and Essays

Bankruptcy is a judicial process purporting to regulate and adjust the financial relationships between debtors and creditors which come into a deadlock. In the modern United States, bankruptcy has become a concept pervading each corner of the social and economic lives. It touches mass tort victims, large corporations, small family business, government institutions, and even normal individuals. The appearance of the modern bankruptcy law of the United States is signaled by the enactment of the Bankruptcy Reform Act in 1978 which, together with later amendments, constitute the current Bankruptcy Code of the United States; but also help them strategically restructure …