Regulating the Financial Sector in the Era of Globalization : Perspectives From Political Economy and Management

The world's financial landscape is transforming as economies become increasingly interdependent. In Regulating the Financial Sector in the Era of Globalization , Zuhayr Mikdashi examines the role of public authorities and of business executives in the prevention, moderation, containment and resolution of financial problems. The book features a foreword by William C. Hunter, Senior Vice President and Director of Research at the Federal Reserve Bank of Chicago. The world's financial landscape is transforming as economies become increasingly interdependent. In Regulating the Financial Sector in the Era of Globalization, Zuhayr Mikdashi examines the role of public authorities and of business executives in the prevention, moderation, containment and resolution of financial problems. The book features a foreword by William C. Hunter, Senior Vice President and Director of Research at the Federal Reserve Bank of Chicago. The analysis is non-mathematical, with a focus on the identification and evaluation of major economic, socio-political and managerial factors of critical importance to an optimal regulation of financial intermediation. Including significant empirical evidence and key research studies, the author highlights key challenges facing financial regulation and calls for new developments aimed at strengthening the resilience of financial intermediation for the public good Front Matter....Pages i-xxvi Introduction: Risks and Protagonists....Pages 1-10 Challenges of Corporate Governance....Pages 11-27 Prudential Regulatory Norms....Pages 28-59 Effective Supervision and Enforcement....Pages 60-90 Financial Safety Nets....Pages 91-140 In Search of Financial Stability....Pages 141-177 Overview and Conclusion: Regulatory Progress....Pages 178-197 Back Matter....Pages 198-249 Free trade-albeit conducted within different institutional frameworks of varying degrees of openness - have existed over various stretches of human civilization, and have spanned more or less extensive realms. In this title, Zuhayr Mikdashi examines the role of public authorities and of business executives in the prevention, moderation, containment and resolution of financial problems