Global Finance at Risk: The Case for International Regulation
| Author | : | |
| Rating | : | 4.64 (948 Votes) |
| Asin | : | 1565845633 |
| Format Type | : | paperback |
| Number of Pages | : | 258 Pages |
| Publish Date | : | 0000-00-00 |
| Language | : | English |
DESCRIPTION:
S. Akhtar Ehtisham MD International cooperation in financial management is currently fragmented into Bank for International Settlements in Basel, International Organization of Securities Commissions, International Association of Insurance. Eatwell proposes a World Financial Authority to regulate liberal markets as he believes they can function well only if efficiently regulated.H. A Customer said Where Global Currency is Headed; Excellent Book.. This is an excellent review of what has happened to, may happen to--and will happen to--the situation of Global Finance. Eatwell makes strong points about both currency in global markets, and its pejorative effects in local or regional areas. He brushes on many of the key issues concerned in golbal economic concerns, including Bretton Woods, IMF, the EC, the. The Best Option (but least likely to succeed) "The institutional framework of the WFA and the role it would perform in the international economy derive both from the analysis of this book and historical experience. History's experience has confirmed the need for regulation and a lender of last resort in domestic markets. The same sorts of measures are now required internationally if a broadly liberal wo
The problem with the current network of regulatory authorities, write the authors (Eatwell is president of Queens' College at Cambridge University and a member of Britain's House of Lords, and Taylor is a professor of economics at the New School in New York), is they offer too little, too late and just don't manage the threat of systemic risk. dollar, euro, and yen. Since the collapse of the Bretton Woods system in 1971 and subsequent free-float of currencies, the capital markets have been deregulated. The book does not discuss the Basel Committee's newly proposed capital adequacy framework or the structural changes altering the markets as a result of electronic trading. But the benefits of international liberalization, according to John Eatwell and Lance Taylor in their boldly argued Global Finance at Risk, "have been tarnished by considerable costs"--namely, more volatile foreign e
But in our increasingly globalized world, the savings or checking account you open at your local bank can be based on bad debt from anywhere in the world--including places outside the jurisdiction of those national agencies. Expansion of finance in industrialized economies, including nineteenth-century America, saw exactly the same kind of turbulence now afflicting Asia, Russia, and Latin America. It will be the subject of serious debate here and in Europe.. In Global Finance at Risk, two acclaimed economists propose a bold and necessary solution to the financial crises that threaten us all: a World Financial Authority with powers to establish best-practice financial regulation and risk management everywhere. An urgent argument for a