Download or read book Toward a New International Financial Architecture written by Barry J. Eichengreen and published by Peterson Institute for International Economics. This book was released on 1999 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recoge: 1. Introduction-2. Summary of recommendations-3. Standars for crisis prevention-4. Banks and capital flows-5. Bailing in the private sector-6. What won't work-7. What the IMF should do (and what we should do about the IMF).

Download or read book Global Shocks and the New Global and Regional Financial Architecture written by Naoyuki Yoshino and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Asian economies continue to be subject to new shocks: US monetary policy tightening, the adoption of negative-interest-rate policies by central banks all over the world, the slowdown of the People's Republic of China, and the sharp drop in oil and other commodity prices. All these highlight the vulnerability of the region to volatile trade and capital flows even as the global and Asian regional financial architecture evolves. This volume analyzes the vulnerabilities of Asian economies to external economic and financial shocks and assesses the performance of Asian regional institutions in financial surveillance and cooperation. It also evaluates ongoing reforms of the global financial architecture, including the International Monetary Fund (IMF), the Financial Stability Board, and reviews the experience of the "Troika" (European Commission, European Central Bank, and the IMF) in managing the European sovereign debt and banking crisis. Based on these, the book develops valuable recommendations to strengthen the Asian regional financial architecture and improve cooperation with global multilateral institutions.

Download or read book Regulating Wall Street written by New York University Stern School of Business and published by John Wiley & Sons. This book was released on 2010-10-28 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt: Experts from NYU Stern School of Business analyze new financial regulations and what they mean for the economy The NYU Stern School of Business is one of the top business schools in the world thanks to the leading academics, researchers, and provocative thinkers who call it home. In Regulating Wall Street: The New Architecture of Global Finance, an impressive group of the Stern school’s top authorities on finance combine their expertise in capital markets, risk management, banking, and derivatives to assess the strengths and weaknesses of new regulations in response to the recent global financial crisis. Summarizes key issues that regulatory reform should address Evaluates the key components of regulatory reform Provides analysis of how the reforms will affect financial firms and markets, as well as the real economy The U.S. Congress is on track to complete the most significant changes in financial regulation since the 1930s. Regulating Wall Street: The New Architecture of Global Finance discusses the impact these news laws will have on the U.S. and global financial architecture.

Download or read book New Global Economic Architecture written by Masahiro Kawai and published by Edward Elgar Publishing. This book was released on 2014-11-28 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policymakers, academics, think tanks and practitioners will benefit from the international perspective of the book, particularly those interested in the influential Asian architecture. This book is also a useful reference tool for students of macroecon

Download or read book The Redesign of the Global Financial Architecture written by Stuart P. M. Mackintosh and published by Routledge. This book was released on 2020-10-29 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than ten years on from the most intense phase of the global financial crisis, and the collective international response in the G20 summit in London, a ‘new normal’ has emerged with systems in place to mitigate against further banking crises. This updated new edition analyzes this post-crisis international and national regulatory framework and asks whether the current paradigm is fit for purpose as new dangers gestate and develop. This new edition includes a discussion of the impact of the aggressively deregulatory and anti-globalist policies of the Trump administration and its pursuit of an ‘America First’ policy and explores its implications for the regulatory landscape constructed and tended by previous leaders. The author addresses new and future systemic risks, many outside the regulated banking sector, which have grown in importance since 2015. He develops possible future scenarios for the international regulatory architecture, both negative and positive, asking, ‘Are we better prepared for future banking crises?’ New risks, including the COVID-19 pandemic and economic crash, are testing the global system; and the G20, without US leadership, may be failing in this latest most severe crisis of our lifetimes. This book provides a unique narrative explanation drawn from leading actors of key events and policy changes as they unfolded immediately post-crisis. The author builds upon the first edition to capture key developments that have occurred during the past five years, while raising key questions and vulnerabilities, and looking at future risks and challenges that may emerge. This text will be of great interest to students, teachers and researchers of financial frameworks, globalisation and political economy.

Download or read book The New Financial Architecture written by Benton E. Gup and published by Bloomsbury Publishing USA. This book was released on 2000-09-30 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bank failures, crises, global banking, megamergers, changes in technology—the effect of these world events is to weaken existing methods of regulating bank safety and soundness, and even to make some methods ineffective. Federal regulators are evaluating new ways to solve them. Dr. Gup and his panel of academics and regulatory professionals explore these problems and the difficulties in implementing solutions. They point out that global banking, megamergers, and changes in technology are drastically altering the way financial services are delivered. They also argue that existing methods of bank regulation, formulated in the United States and elsewhere as early as the 19th century, are not able to cope with these changes. The search now underway for new methods that are global in scope. Inevitably, they will involve cross-border supervision and international cooperation. Covering a wide range of topics, from the rationale of banking regulation to optimal banking regulation in the new world environments, this book examines the innovative tools needed to cope with these problems. Greater reliance on market discipline; the use of internal controls based on statistical models, such as Value-at-Risk; and subordinated debt are discussed. This timely, probing analysis of one of the hottest topics in bank regulation today, is an important resource for professionals and their academic colleagues in the fields of banking, finance, investment, and world trade.

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 Redesign of the Global Financial Architecture written by Stuart P. M. Mackintosh and published by Routledge. This book was released on 2015-10-16 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2007-2008 the global financial and economic system was in turmoil. This volume focuses on how the global financial architecture was redesigned following the financial crash of 2008. Its central claim is that the reforms constituted a paradigm shift, a move from the dominance of market authority to the re-assertion of state authority over financial markets and actors. The book underscores that the cycle of boom and bust, of crisis response, reform and eventual relapse are not only economic but also conceptual and ideological. Ideas matter in the political and economic calculus of policy making. Economies are underpinned by and linked to ideological narrative, a prevailing policy consensus that places limits on policy actions and options and constitutes a dominant worldview or paradigm. To become real, to be lasting, to impact actual policy choices and market actor decisions, a re-regulatory paradigm shift cannot just be conceptual or ideological. It must also be present in the institutional constructs and policy decisions that flow from the ideological regulatory shift. To gauge the fluctuating strength of the paradigm shift the book addresses the G20 summit process, the creation of the FSB, the policy output of the new forums, for signs of permanency, strength, and possible effectiveness. This work presents important new material on the financial crisis and the regulatory response to it, which will be valuable for researchers, teachers and students alike.

Download or read book Ideas Towards a New International Financial Architecture written by Maria Alejandra Madi and published by . This book was released on 2017-02-01 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the short span of a few essays, this book takes the reader on a trip from the historical roots of the current financial architecture to the imaginable futures one can envision for it, only if there is the political will to change it. If we accept that, as put by the editors, financial markets' marginal imperfections are rather endemic pathologies, the consequences for the financial architecture have Copernican proportions. Every scholar and practitioner interested in the problems posed by the global economy at a critical moment when it has reached what looks like a dead end, will appreciate the refreshing inspiration offered by the authors that a star editing team has put together. Aldo Caliari, Director, Rethinking Bretton Woods Project, Center of Concern. The stagnation that we suffer since 2008 was originated by the global financial crisis of a system that is outside the control of national governments and has a dynamic of its own. In a few chapters, the book offers a historical account and a perspective of what could be a more rational financial system if there were political will to change it. All those interested in this topic will find in the ideas presented by this combination of authors, a deep understanding of the subject and inspiration for future research. Juan Carlos Moreno Brid, UN Economic Commission for Latin America and the Caribbean. He is Professor at the Faculty of Economics, UNAM, Mexico. As the book authors argue, the financial institutional settings were profoundly modified in the 1970s, imposing new instruments, new mechanism, new institutions that revolutionized the world of finance, missing a central characteristic: financial regulations. In this context the book's conclusions are of outmost importance: taxes on financial activity, new ways of financial accounting, sovereign debts regulators as the new central bank supervisions are vital to overcome the present crisis and set the grounds for a new period of economic growth and development. Noemy Levy, Professor at the Faculty of Economics, UNAM, Mexico. Since the last 2008 economic crisis the implementation of a new financial institutionality is taking too much time, showing the current correlation of power. The discussions at multinational level require more action and inputs as those in this book. Congratulations! Katiuska King Mantilla from the Government of Ecuador.

Download or read book The Asian Financial Crisis written by Shalendra Sharma and published by Manchester University Press. This book was released on 2018-07-30 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: This electronic version has been made available under a Creative Commons (BY-NC-ND) open access license. The Asian financial crisis of 1997-98 shook the foundations of the global economy and what began as a localised currency crisis soon engulfed the entire Asian region. What went wrong and how did the Asian economies long considered 'miracles' respond? How did the United States, Japan and other G-7 countries respond to the crisis? What role did the IMF play?. Why did China, which suffers many of the same structural problems responsible for the crisis remain conspicuously insulated from the turmoil raging in its midst?. What explains the remarkable recovery now underway in Asia? In what fundamental ways did the Asian crisis serve as a catalyst to the current thinking about the "new international financial architecture"?. This book provides answers to all the above questions and more, and gives a comprehensive account of how the international economic order operates, examines its strengths and weaknesses, and what needs to be done to fix it.

Download or read book The International Financial Architecture written by Peter B. Kenen and published by Peterson Institute. This book was released on 2001 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kenen (economics and international finance, Princeton University) reviews the reform efforts that followed the 1994-95 Mexican crisis, and evaluates their results in the time since then. He compares the existing efforts with the more radical recommendations of the Meltzer Report, and considers the implications of his analysis for the role of the IMF. He then offers his own recommendations for further reform. c. Book News Inc.

Download or read book In Defense of Free Capital Markets written by David F. DeRosa and published by . This book was released on 2001 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: The future economic well-being of both developed and developing nations depends upon an honest look at the irrefutable lessons of these recent financial disasters - before they are repeated."--BOOK JACKET.

Download or read book Crisis Resolution written by Mr.Ashoka Mody and published by International Monetary Fund. This book was released on 2003-10-01 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the April 2003 meeting of the International Monetary and Financial Committees, it was decided to further encourage the contractual approach to smoothing the process of sovereign debt restructuring by encouraging the more widespread use of collective action clauses (CACs) in international bonds. This decision was shaped partly by Mexico's successful launch of a bond subject to New York law but featuring CACs, and by subsequent issues with similar provisions from other emerging market countries. This paper reviews the developments leading up to that event, its implications, and prospects for the future. It asks whether we can expect to see additional issuance by emerging markets of bonds featuring CACs, whether such a trend would in fact help to make the world a safer financial place, and what additional steps might be taken to further enhance modalities for crisis resolution.

Download or read book The New Architecture of the International Monetary System written by Paolo Savona and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two years ago, the Guido Carli Association, in collaboration with the Aspen Institute Italia, charged a group of distinguished economists to examine the problems created by the unsatisfactory functioning of the International Monetary System. The two resulting conferences were sponsored by the Fondazione della Cassa di Risparmio di Firenze (CESIFIN) and the Permanent Advisory Committee on the Euro and the Dollar (PACE&D). Their research had a two-fold aim. The first was an examination of the basic function of the International Monetary System with a special focus on the role the Euro would and should have. The second was the preparation of a list of recommendations on how to resolve the problems, financial problems in particular, affecting the entire world community. Last year, the group focused on efforts taking place in diverse financial institutions and universities to construct what has been called the `New International Financial Architecture'. This group considered the legal problems arising from European and international integration and, more generally, from the new architecture of the International Monetary System. This book, The New Architecture of the International Monetary System, is the final result of their efforts. It will be an invaluable resource for academics, professionals, and students alike.

Download or read book The G 20 Initiative for a new international financial architecture written by Christian Kuhne and published by GRIN Verlag. This book was released on 2012-07-06 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2009 in the subject Economics - Macro-economics, general, grade: 1,7, University of Applied Sciences Berlin, language: English, abstract: This assignment reviews the different initiatives of the G-20 for a new international financial architecture and their implementation by different countries. It provides also some aspects of criticism to the different reforms, actions and initiatives as not all of them appear appropriate to address the root causes of the financial crisis in the best way.

Download or read book The Global Architecture of Multilateral Development Banks written by Adrian Robert Bazbauers and published by Routledge. This book was released on 2021-03-11 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the evolution of the 30 functioning multilateral development banks (MDBs). MDBs have their roots in the growing system of international finance and multilateral cooperation, with the first recognisable MDB being proposed by Latin America in financial cooperation with the US in the late 1930s. That Inter-American Bank did not eventuate but was a precursor to the World Bank being negotiated at Bretton Woods in 1944. Since then, a complex network of regional, sub-regional, and specialised development banks has progressively emerged across the globe, including two significant recent entrants established by China and the BRICS. MDBs arrange loans, credits, and guarantees for investment in member states, generally with the stated aim of fostering economic growth. They operate in both the Global North and South, though there are more MDBs focusing on emerging and developing states. While the World Bank and some of the larger regional banks have been scrutinised, little attention has been paid to the smaller banks or the overall system. This book provides the first study of all 30 MDBs and it evaluates their interrelationships. It analyses the emergence of the MDBs in relation to geopolitics, development paradigms and debt. It includes sections on each of the banks as well as on how MDBs have approached the key sectors of infrastructure, human development, and climate. This book will be of particular interest to researchers of development finance, global governance, and international political economy.

Download or read book The International Financial Architecture written by Stijn Claessens and published by Amsterdam University Press. This book was released on 2003-04 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annotation. This title can be previewed in Google Books - http://books.google.com/books?vid=ISBN9789056292669.