Regulating Capital : : Setting Standards for the International Financial System / / David Andrew Singer.

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 dec...

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Superior document:Title is part of eBook package: De Gruyter Cornell University Press Backlist 2000-2013
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Place / Publishing House:Ithaca, NY : : Cornell University Press, , [2011]
©2015
Year of Publication:2011
Language:English
Series:Cornell Studies in Money
Online Access:
Physical Description:1 online resource (176 p.) :; 9 charts/graphs
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Other title:Frontmatter --
Contents --
Preface --
1. Introduction: Financial Regulators and International Relations --
2. Capital Regulation: A Brief Primer --
3. Regulators, Legislatures, and Domestic Balancing --
4. Banking: The Road to the Basel Accord --
5. Securities: Financial Instability and Regulatory Divergence --
6. Insurance: Domestic Fragmentation and Regulatory Divergence --
7. Conclusion: The Future of International Regulatory Harmonization --
Notes --
References --
Index
Summary: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.
Format:Mode of access: Internet via World Wide Web.
ISBN:9780801461842
9783110536157
9783110606744
DOI:10.7591/9780801461842
Access:restricted access
Hierarchical level:Monograph
Statement of Responsibility: David Andrew Singer.