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.

1. Introduction: Financial Regulators and International Relations2. Capital Regulation: A Brief Primer3. Regulators, Legislatures, and Domestic Balancing4. Banking: The Road to the Basel Accord5. Securities: Financial Instability and Regulatory Divergence6. Insurance: Domestic Fragmentation and Regulatory Divergence7. Conclusion: The Future of International Regulatory HarmonizationNotes Reference Index

David Andrew Singer focuses on the financial regulatory process in major industrial countries; the tensions between regulatory prudence and international competitiveness; the constant possibility of a legislative intervention, especially after financial crises; and the efforts by national regulators to preserve their autonomy through, paradoxically, the international negotiation of common norms. He discusses well the attempts of major countries over the past two decades to frame common positions, which were partially successful in the case of banking, less so for the securities and insurance industries.

Regulating Capital explores efforts—both successful and failed—to govern global financial markets. David Andrew Singer focuses our attention on domestic financial regulators, whose constraints and opportunities at home drive their actions abroad. Singer very ably brings to light often-neglected areas of political economy, including banking, insurance, and securities regulation. Singer makes a convincing case that these realms of the economy are central to international economic growth and stability, as well as to the study of global governance.

Money is ubiquitous in human affairs. The uses to which money are put are not only economic but also political, social and cultural. Cornell Studies in Money features books that explore the diversity of money, past, present and future, as well as those that examine money and finance and their management both as an economic phenomenon and as a political, geographical, social and cultural fact. Topics of interest include (but are not limited to): •International financial institutions such as the IMF, World Bank and BIS •Monetary phenomena as sources of historical, political and social change •International political implications of the Euro and of currency competition more broadly •The role of money and monetary policy in economic reform, development and transitions •Macroeconomic diplomacy and exchange rate coordination •Financial crises and their management •Political and social consequences of capital mobility and financial globalization Please send inquiries to: Eric Helleiner (ehellein@uwaterloo.ca) and Jonathan Kirshner (jonathan.kirshner@bc.edu). Series Editors Eric Helleiner is CIGI Chair in International Governance and Professor of Political Science at the University of Waterloo. Jonathan Kirshner is Professor of Political Science and International Studiesat Boston College.