The Regulation of International Financial Markets

Perspectives for Reform

Rainer Grote, Thilo Marauhn

336 pages, parution le 29/03/2006

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Résumé

International financial relations have become increasingly important for the development of global and national economies. At present these relations are primarily governed by market forces, with little regulatory interference at the international level. In the light of numerous financial crises, this abstinence must be seriously questioned. Starting with an analysis of the regulatory problems at the international level, with only minimal powers entrusted to international organisations, this book develops various possibilities for reform. On the basis of an historical analysis, the book first adopts a comparative approach to national attempts to regulate international financial markets, then outlines the potential of relevant institutions (such as the European Central Bank, Basel Committee, IMF and World Bank) and finally develops a policy perspective. It seeks to provide a framework for analysing options for the regulation of international financial markets, from a public international law and comparative law perspective.

Presents an interdisciplinary analysis of international financial markets (law, politics and economics)
Develops innovative regulatory strategies
Contains policy proposals and suggestions with regard to the regulation of international financial markets which will be helpful for practitioners in the area

Sommaire

Introduction: The regulatory dilemma in international financial relations Thilo Marauhn
An historical perspective:
- 1. Monetary governance and capital mobility in historical perspective Benjamin J. Cohen
A Comparative Perspective:
- 2. The liberalisation of financial markets: the regulatory response in the UK Eilis Ferran
- 3. The liberalisation of financial markets: the regulatory response in Germany Rainer Grote
- 4. Perspectives on US financial regulation John K. M. Ohnesorge
A Public International Law Perspective:
- 5. The regulation of financial services in the European Union Volker Röben
- 6. The free movement of capital in the European Union Till Hafner
- 7. International regulation of finance: is regionalism a preferred option to multilateralism for East Asia? Qingijang Kong
- 8. WTO rules on trade in financial services: a victory of greed over reason? Michael J. Hahn
An Institutional Perspective:
- 9. The European Central Bank as regulator and as institutional actor Thilo Marauhn and Michael Weiß
- 10. The Basel Committee on Banking Supervision - a secretive club of giants? Susan Emmenegger
- 11. Strengthening the international financial architecture: the contribution by IMF and World Bank Axel Peuker
A Policy Perspective:
- 12. Liberalisation and regulation of international capital flows: where the opposites meet Peter Nunnenkamp
- 13. Do we need a new international financial architecture? Many questions and some preliminary policy advice Stefan Voigt
- 14. Proposing built-in stabilisers for the international financial system Kunibert Raffer
- Conclusions and agenda for further research Rainer Grote and Thilo Marauhn.

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Caractéristiques techniques

	PAPIER
Éditeur(s)	Cambridge University Press
Auteur(s)	Rainer Grote, Thilo Marauhn
Parution	29/03/2006
Nb. de pages	336
Format	15,5 x 23,5
Couverture	Relié
Poids	705g
Intérieur	Noir et Blanc
EAN13	9780521831444
ISBN13	978-0-521-83144-4