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Economics/Finances Global Governance of Financial Systems: The International Regulation of Systemic Risk

Posted on 2010-03-15




Name:Economics/Finances Global Governance of Financial Systems: The International Regulation of Systemic Risk
ASIN/ISBN:0195166981
Language:English
File size:2.8 Mb
Publish Date: August 12, 2005
ISBN: 0195166981
Pages: 328 pages
File Type: PDF
File Size: 2,8 MB
Other Info: Oxford University Press, USA
   Economics/Finances Global Governance of Financial Systems: The International Regulation of Systemic Risk

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Global Governance of Financial Systems

This book finds serious deficiencies with the by now extensive system of committees, organizations, rules, and guidelines that have emerged to govern and manage the international financial system. Concretely, it suggests that the existing framework, based on the supervision of individual financial institutions (especially banks), fails to take adequate account of the negative macroeconomic consequences that may flow from the financial failures of particular institutions... In making its central argument, the book offers informative coverage of the International Monetary Fund, the Basel committees on banking, the Asian financial crises, bankruptcy, the legal aspects of the system for settlement of payments, and many other relevant topics.

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