In this paper Bryan Carsberg shares his thoughts on the industry based on his practical experience as Director General of Telecommunications. The paper focuses on the promotion of competition, the regulation of monopoly business and privatisation as they are being applied - or have been applied - to the telecommunications industry.

HOP 6. The Regulation of the Telecommunication Industry

Bryan Carsberg

In this paper Bryan Carsberg shares his thoughts on the industry based on his practical experience as Director General of Telecommunications. The paper focuses on the promotion of competition, the regulation of monopoly business and privatisation as they are being applied - or have been applied - to the telecommunications industry.

BRYAN CARSBERG was appointed as the first Director General of the Office of Telecommunications in 1984, on leave from his position as Arthur Andersen Professor of Accounting at the London School of Economics and Political Science, University of London. He has held senior academic, research and business posts in the USA and the UK, specialising in the study of the financial performance of companies in both the private and public sector.

Download

David Hume Institute 23/09/1987 David Hume Institute 23/09/1987

Economic Issues in Merger Policy

HOP 5. E Victor Morgan

This brief paper is concerned with policy towards mergers and, in particular, with the policy of confining merger references to the Monopolies and Mergers Commission (MMC) largely to cases which seem likely to cause a significant reduction of competition.

HOP 5. Economic Issues in Merger Policy

E Victor Morgan

This brief paper is concerned with policy towards mergers and, in particular, with the policy of confining merger references to the Monopolies and Mergers Commission (MMC) largely to cases which seem likely to cause a significant reduction of competition.

E. VICTOR MORGAN recently retired as Professor of Economics at the University of Reading, having previously held Chairs in Economics at the University College of Swansea (1945-66) and the University of Manchester ( 1966-74). He is a well-known expert on the economics of domestic and international finance and has long consultancy experience in the field of competition policy. He took a major part in the recent debate on the future of the pensions system. His Choice in Pensions (1984) was published by the Institute of Economic Affairs, on whose Advisory Council he has served for many years.

Download

David Hume Institute 23/09/1986 David Hume Institute 23/09/1986

How Safe is the Banking System?

HOP 4. Richard Dale

Professor Dale discusses potential sources of structural or systemic weakness in the banking system at three levels: Firstly, the possibility of major shocks to the system; secondly, the problem of contagion—that is the propensity for banking problems in one area to spread to other areas; and finally, the availability of lender of last resort facilities in the event that a major financial disturbance should occur.

HOP 4. How Safe is the Banking System?

Richard Dale

Professor Dale discusses potential sources of structural or systemic weakness in the banking system at three levels. First there is the possibility of major shocks to the system: here the focus is on Third World debt, the pace of financial innovation and the expansion of banks into non-bank, particularly securities, activities. Second, there is the problem of contagion—that is the propensity for banking problems in one area to spread to other areas; and finally Professor Dale discusses the availability of lender of last resort facilities in the event that a major financial disturbance should occur.

Richard Dale is Professor of International Banking and Financial Studies at Heriot-Watt University, Edinburgh, and Editor of the Financial Times Regulation Report. He was previously a full-time consultant to N. M. Rothschild and Sons Ltd and in 1981-1983 held a Rockefeller Foundation International Relations Fellowship at the Brookings Institution, Washington DC. He is a member of the Advisory Council of The David Hume Institute.

DOWNLOAD