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.
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Produktdetaljer
ISBN
9781501702297
Publisert
2017
Utgiver
Vendor
Cornell University Press
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter