Toward a New International Financial Architecture

Toward a New International Financial Architecture
Author: Barry J. Eichengreen
Publisher: Peterson Institute for International Economics
Total Pages: 224
Release: 1999
Genre: Business & Economics
ISBN:

Recoge: 1. Introduction-2. Summary of recommendations-3. Standars for crisis prevention-4. Banks and capital flows-5. Bailing in the private sector-6. What won't work-7. What the IMF should do (and what we should do about the IMF).

The International Financial Architecture

The International Financial Architecture
Author: Peter B. Kenen
Publisher: Peterson Institute
Total Pages: 212
Release: 2001
Genre: Business & Economics
ISBN: 9780881322972

Kenen (economics and international finance, Princeton University) reviews the reform efforts that followed the 1994-95 Mexican crisis, and evaluates their results in the time since then. He compares the existing efforts with the more radical recommendations of the Meltzer Report, and considers the implications of his analysis for the role of the IMF. He then offers his own recommendations for further reform. c. Book News Inc.

International Investment Law and the Global Financial Architecture

International Investment Law and the Global Financial Architecture
Author: Christian J. Tams
Publisher: Edward Elgar Publishing
Total Pages: 377
Release: 2017-02-24
Genre: Law
ISBN: 1785368885

This book explores whether investment law should protect against such regulatory measures, including where these have the support of multilateral institutions. It considers where the line should be drawn between legitimate regulation and undue interference with investor rights and, equally importantly, who draws it.

National Finance

National Finance
Author: Yunxian Chen
Publisher: Springer Nature
Total Pages: 330
Release: 2021-04-23
Genre: Business & Economics
ISBN: 9813360925

“National finance” is a new concept launched by the author in his book National Finance ─ A Chinese Perspective, a unique monograph that differs from other financial publications dealing with general topics in public finance. The monograph intends to provide a full, well-developed and macro-level exposition of all major aspects of finance from the perspective of the central government, with focus laid on the most essential, immediate and intricate issues in national financial development, which are the "hard nuts" that have to be cracked on both central and regional levels and on the fronts of both offshore and onshore finance. It attempts to cope with a series of formidable challenges that a country, particularly its top government officials, must take in developing finance: how national finance should develop and overtake in the face of rising financial industries, how it should respond to the influx of AI+blockchain technologies, how a country guards against and copes with systematic or regional financial risks with security, fluidity and profitability serving as its cornerstones, how it can build up and promote the new international financial system and governance amid international financial powers around the world, and so on.

Reforming the International Financial System for Development

Reforming the International Financial System for Development
Author: Jomo Kwame Sundaram
Publisher: Columbia University Press
Total Pages: 390
Release: 2010
Genre: Business & Economics
ISBN: 0231157649

Jomo Kwame Sundaram is assistant secretary general for economic development at the United Nations and research coordinator for the G24 Intergovernmental Group on International Monetary Affairs and Development. In 2007 he was awarded the Wassily Leontief Prize for Advancing the Frontiers of Economic Thought. --Book Jacket.

Crisis Resolution

Crisis Resolution
Author: Kenneth Kletzer
Publisher: International Monetary Fund
Total Pages: 61
Release: 2003-10-01
Genre: Business & Economics
ISBN: 1451905343

At the April 2003 meeting of the International Monetary and Financial Committees, it was decided to further encourage the contractual approach to smoothing the process of sovereign debt restructuring by encouraging the more widespread use of collective action clauses (CACs) in international bonds. This decision was shaped partly by Mexico''s successful launch of a bond subject to New York law but featuring CACs, and by subsequent issues with similar provisions from other emerging market countries. This paper reviews the developments leading up to that event, its implications, and prospects for the future. It asks whether we can expect to see additional issuance by emerging markets of bonds featuring CACs, whether such a trend would in fact help to make the world a safer financial place, and what additional steps might be taken to further enhance modalities for crisis resolution.

New Global Economic Architecture

New Global Economic Architecture
Author: Masahiro Kawai
Publisher: Edward Elgar Publishing
Total Pages: 275
Release: 2014-11-28
Genre: Business & Economics
ISBN: 1783472200

Policymakers, academics, think tanks and practitioners will benefit from the international perspective of the book, particularly those interested in the influential Asian architecture. This book is also a useful reference tool for students of macroecon

Regulating Capital

Regulating Capital
Author: David Andrew Singer
Publisher: Cornell University Press
Total Pages: 241
Release: 2015-11-15
Genre: Political Science
ISBN: 1501702297

Financial instability threatens the global economy. The volatility of capital movements across national borders has led many observers to argue for a reformed "global financial architecture," a body of consistent rules and institutions to prevent financial crises. Yet regulators have a decidedly mixed record in their attempts to create global standards for the financial system. David Andrew Singer seeks to explain the varying pressures on regulatory agencies to negotiate internationally acceptable rules and suggests that the variation is largely traceable to the different domestic political pressures faced by regulators. In Regulating Capital, Singer provides both a theory of the effects of domestic pressures on international regulation and a detailed analysis of regulators' attempts at international rulemaking in banking, securities, and insurance. Singer addresses the complexities of global finance in an accessible style, and he does not turn away from the more dramatic aspects of globalization; he makes clear the international implications of bank failures and stock-market crashes, the rise of derivatives, and the catastrophic financial losses caused by Hurricane Katrina and the events of September 11.

Soft Law and the Global Financial System

Soft Law and the Global Financial System
Author: Chris Brummer
Publisher: Cambridge University Press
Total Pages:
Release: 2011-12-26
Genre: Law
ISBN: 113950472X

The global financial crisis of 2008 has given way to a proliferation of international agreements aimed at strengthening the prudential oversight and supervision of financial market participants. Yet how these rules operate is not well understood. Because international financial rules are expressed through informal, non-binding accords, scholars tend to view them as either weak treaty substitutes or by-products of national power. Rarely, if ever, are they cast as independent variables that can inform the behavior of regulators and market participants alike. This book explains how international financial law 'works' - and presents an alternative theory for understanding its purpose, operation and limitations. Drawing on a close institutional analysis of the post-crisis financial architecture, it argues that international financial law is often bolstered by a range of reputational, market and institutional mechanisms that make it more coercive than classical theories of international law predict.

Global Shocks and the New Global and Regional Financial Architecture

Global Shocks and the New Global and Regional Financial Architecture
Author: Naoyuki Yoshino
Publisher:
Total Pages: 0
Release: 2018
Genre: Business & Economics
ISBN: 9784899740698

Asian economies continue to be subject to new shocks: US monetary policy tightening, the adoption of negative-interest-rate policies by central banks all over the world, the slowdown of the People's Republic of China, and the sharp drop in oil and other commodity prices. All these highlight the vulnerability of the region to volatile trade and capital flows even as the global and Asian regional financial architecture evolves. This volume analyzes the vulnerabilities of Asian economies to external economic and financial shocks and assesses the performance of Asian regional institutions in financial surveillance and cooperation. It also evaluates ongoing reforms of the global financial architecture, including the International Monetary Fund (IMF), the Financial Stability Board, and reviews the experience of the "Troika" (European Commission, European Central Bank, and the IMF) in managing the European sovereign debt and banking crisis. Based on these, the book develops valuable recommendations to strengthen the Asian regional financial architecture and improve cooperation with global multilateral institutions.