Global Governance of Financial Systems: The International Regulation of Systemic Risk

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Oxford University Press, Sep 8, 2005 - Business & Economics - 328 pages
The book sets forth the economic rationale for international financial regulation and what role, if any, international regulation can play in effectively managing systemic risk while providing accountability to all affected nations. The book suggests that a particular type of global governance structure is necessary to have more efficient regulation of the international financial system.
 

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Contents

Introduction
3
The Rationale for International Financial Regulation
14
2 Global Governance and International Standard Setting
34
3 The International Legal Framework for International Financial Regulation
79
4 International Soft Law and the Formation of Binding International Financial Regulation
134
5 Strengthening the Global Financial System through Institutional and Legal Reform
155
Alternative Approaches to International Financial Regulation
174
7 The Economics of Systemic Risk in International Settlements
184
A Test of Capital Adequacy Standards
201
Making Markets Work for the Regulator
227
The Role of International Standards
239
The New International Financial ArchitecturePromise or Threat?
251
Notes
273
References
293
Index
313
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