Download or read book Reforming the Governance of the Financial Sector written by David G. Mayes and published by Routledge. This book was released on 2013 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume argues that good governance is crucial to the success of any regulatory regime, and explores how better governance of the financial sector can be achieved.
Download or read book Reforming the International Financial System for Development written by Jomo Kwame Sundaram and published by Columbia University Press. This book was released on 2011-01-17 with total page 561 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1944 Bretton Woods conference created new institutions for international economic governance. Though flawed, the system led to a golden age in postwar reconstruction, sustained economic growth, job creation, and postcolonial development. Yet financial liberalization since the 1970s has involved deregulation and globalization, which have exacerbated instability, rather than sustained growth. In addition, the failure of Bretton Woods to provide a reserve currency enabled the dollar to fill the void, which has contributed to periodic, massive U.S. trade deficits. Our latest global financial crisis, in which all these weaknesses played a part, underscores how urgently we must reform the international financial system. Prepared for the G24 research program, a consortium of developing countries focused on financial issues, this volume argues that such reforms must be developmental. Chapters review historical trends in global liquidity, financial flows to emerging markets, and the food crisis, identifying the systemic flaws that contributed to the recent downturn. They challenge the effectiveness of recent policy and suggest criteria for regulatory reform, keeping in mind the different circumstances, capacities, and capabilities of various economies. Essays follow ongoing revisions in international banking standards, the improved management of international capital flows, the critical role of the World Trade Organization in liberalizing and globalizing financial services, and the need for international tax cooperation. They also propose new global banking and reserve currency arrangements.
Download or read book Reforming the Global Financial Architecture written by Yilmaz Akyuz and published by Zed Books. This book was released on 2002-04 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: Instability has become global and systemic. Strengthening international institutions and arrangements would reduce the threat of crises and allow those that do occur to be better managed. These proposals take the developing world into account.
Download or read book The Financial System and Public Enterprise Reform written by Asl? Demirgüç-Kunt and published by World Bank Publications. This book was released on 1994 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public enterprise reform is more successful in countries whose financial systems are relatively well developed. Countries seeking to implement broad public enterprise reforms achieve greater success if they also implement substantial and well- designed financial reforms.
Download or read book Reforming the Governance of the IMF and the World Bank written by Ariel Buira and published by Anthem Press. This book was released on 2005-11-01 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: The papers included in this book cover different aspects of the governance of the Bretton Woods institutions. They explore different options for reform and show that enhancing the participation of developing and emerging market countries in resolving the major monetary and financial problems confronting the world economy, would improve global economic performance and contribute to the elimination of world poverty.
Download or read book Building a More Resilient Financial Sector written by Aditya Narain and published by International Monetary Fund. This book was released on 2012-04-19 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF, with the Bank for International Settlements and the Financial Stability Board, has been at the forefront of discussions on reform of the global financial system to reduce the possibility of future crises, as well as to limit the consequences if they do occur. The policy choices are both urgent and challenging, and are complicated by the relationship between sovereign debt and risks to the banking sector. Building a More Resilient Financial Sector describes the key elements of the reform agenda, including tighter regulation and more effective supervision; greater transparency to strengthen market discipline and limit incentives for risk taking; coherent mechanisms for resolution of failed institutions; and effective safety nets to limit the impact on the financial system of institutions viewed as "too big to fail." Finally, the book takes a look ahead at how the financial system is likely to be shaped by the efforts of policymakers and the private sector response.
Download or read book Banks Capital Markets and Corporate Governance written by Gerhard Pohl and published by World Bank Publications. This book was released on 1994 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Sequencing Financial Sector Reforms written by R. B. Johnston and published by International Monetary Fund. This book was released on 1999-04-22 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial sector liberalization can spur economic growth and development, but reforms to liberalize the financial sector can also entail risks if they are not properly designed and implemented. One of the central questions for countries reforming their financial systems is how to sequence the reforms so as to maximize the benefits of liberalization and contain its risks. Edited by R. Barry Johnston and V. Sundararajan of the IMF's Monetary and Exchange Affairs Department, this book attempts to answer this and related questions by drawing lessons from financial sector reforms in selected countries. In particular, the book surveys financial sector reforms in Indonesia, Thailand, and Korea between the mid-1980s and mid-1990s.
Download or read book Reforming financial markets written by Great Britain: H.M. Treasury and published by Stationery Office. This book was released on 2009-07-08 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world economy has been hit by a severe financial crisis, resulting in the worst global economic downturn for over 60 years. First and foremost, the crisis has been caused by the failure across the world of many in the banking sector to understand the true risks created by the innovation and rapid growth of interconnected, globalised markets for financial services in recent years. This document sets out the Government's analysis of the causes of the financial crisis, the action already taken to restore financial stability and the regulatory reforms necessary to strengthen the financial system for the future, so that consumers, businesses of all sectors and the economy as a whole continue to have access to the stable credit that is so essential. The Government is proposing further reforms to banking regulation that will lead to: more effective prudential regulation and supervision of firms; greater emphasis on monitoring and managing system-wide risks; greater confidence that the authorities are ready and able to deal with problems when they do arise; and greater protection for the taxpayer when an institution needs to be resolved. The Government will give increased powers to the Bank of England and Financial Services Authority. The Government's aim is for enhanced supervision of banks, better international standards, and a more responsible and efficient global financial services sector. The strategy is designed to strengthen regulation and supervision, and support better corporate governance so that, in future, financial crises will be less likely and less damaging.
Download or read book Financial Sector Reform in China written by Yasheng Huang and published by BRILL. This book was released on 2020-10-26 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: An edited volume consisting of an introduction by the editors and eleven additional papers on China's financial system and financial sector reform. The papers originated at a conference on financial reform in China held at the John F. Kennedy School of Government, Harvard University, in 2001. They were then thoroughly revised and updated for publication.
Download or read book IEG Review of World Bank Assistance for Financial Sector Reform written by Laurie Effron and published by World Bank Publications. This book was released on 2006-01-01 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: This evaluation presents an independent assessment of the Bank's support for financial sector reforms over the period FY93-03. It assesses the extent to which the objectives of Bank assistance were achieved, including reducing government ownership of financial intermediaries, decreased market concentration, increased competition and efficiency, healthier and more stable financial intermediaries, and deeper, more developed financial systems. It also examines Bank support for financial sector reforms in countries under crisis.
Download or read book Banking conduct and culture a call for sustained and comprehensive reform written by and published by . This book was released on 2015 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reforming Public Institutions and Strengthening Governance written by and published by World Bank Publications. This book was released on 2000-01-01 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: The critical importance of well-performing public institutions and good governance for development and poverty reduction has come to the forefront in the 1990s. Reforming public institutions is a complex and difficult task. This publication is primarily intended as a guide for World Bank staff but it is also intended to serve the broader development community. It outlines a strategy which envisions significant changes in the focus of the Bank's work in this area. Some of these changes such as an enhanced focus on governance, capacity building and anticorruption, are already underway. The agenda for the next three years is to continue to foster these changes through a the advancement of analytical tools, new approaches t the design of lending operations, expanded emphasis on partnership with clients and other donors and progressive shifts in staffing, incentives and evaluation techniques. Included as an annex is an inventory of the Bank's governance and institutional reform programs which are in place.
Download or read book Corporate Governance and Development written by Thankom Arun and published by Edward Elgar Publishing. This book was released on 2009-01-01 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses the complex relationship between corporate governance and economic development by focusing on the reform of corporate governance, the role of the legal system, and the interconnections with the financial system. Corporate governance has a central role to play in helping to increase the flow and lower the cost of the financial capital that firms need to finance their investment activity. The importance of this role has grown considerably in recent years, and the findings of this book emphasize that the standard of corporate governance matters significantly for developing countries. The editors rediscover that improved corporate governance can contribute to sustained productivity growth and stability of institutions. This timely and insightful book offers a one-stop reference guide for practitioners, academics, researchers, donor agencies and those who are interested in understanding the multi-dimensional and interdisciplinary aspects of corporate governance.
Download or read book Corporate Governance and Financial Sector Reform in Nepal written by Tilak Rawal and published by . This book was released on 2003 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: On Nepal Rastra Bank and its role in augmenting financial sector reforms through corporate governance to affect economic development in Nepal.
Download or read book Public Law and Private Power written by John Cioffi and published by Cornell University Press. This book was released on 2018-07-05 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Public Law and Private Power, John W. Cioffi argues that the highly politicized reform of corporate governance law has reshaped power relations within the public corporation in favor of financial interests, contributed to the profound crises of contemporary capitalism, and eroded its political foundations. Analyzing the origins of pro-shareholder and pro-financial market reforms in the United States and Germany during the past two decades, Cioffi unravels a double paradox: the expansion of law and the regulatory state at the core of the financially driven neoliberal economic model and the surprising role of Center Left parties in championing the interests of shareholders and the financial sector. Since the early 1990s, changes in law to alter the structure of the corporation and financial markets—two institutional pillars of modern capitalism—highlight the contentious regulatory politics that reshaped the legal architecture of national corporate governance regimes and thus the distribution of power and wealth among managers, investors, and labor. Center Left parties embraced reforms that strengthened shareholder rights as part of a strategy to cultivate the support of the financial sector, promote market-driven firm-level economic adjustment, and appeal to popular outrage over recurrent corporate financial scandals. The reforms played a role in fostering an increasingly unstable financially driven economic order; their implication in the global financial crisis in turn poses a threat to center-left parties and the legitimacy of contemporary finance capitalism.
Download or read book Financial Reform in Developing Countries written by José María Fanelli and published by Springer. This book was released on 1998-11-12 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: For the large number of developing countries undergoing significant structural transformations, one of the most important and controversial adjustment areas is that of the financial markets. Focusing on the role of the institutional and enabling environment within which financial reform occurs and on the integration of principles of finance with more macroeconomic approaches to the subject, the book contains case studies of reform experiences in Argentina, India, Nigeria, Turkey and Uruguay. Themes studied include the 'go slow' versus 'big bang' approach and the particular problem of bank-firm inter-linkages in Eastern Europe.
