The New World Order in International Finance (International Political Economy Series)

The author provides a clear portrait of the dramatic transformation of the global financial system in the late 20th century. Drawing on work by a prestigious and interdisciplinary set of specialists, this volume looks at the political economy of individual sectors of the financial services industry, at regional market patterns such as the EU and NAFTA, and at individual countries from the Asian NICs to Europe and the United States. The book captures the complexity and dynamics of a sector with vital implications for the future of global economic development. Front Matter....Pages i-xvii Introduction....Pages 1-13 Front Matter....Pages 15-15 Private Markets and Public Responsibility in a Global System: Conflict and Co-operation in Transnational Banking and Securities Regulation....Pages 17-49 Market Regulation and Particularistic Interests: The Dynamics of Insider Trading Regulation in the US and Europe....Pages 50-75 Financial Deregulation and the Transformation of International Risks Insurance....Pages 76-100 The Making of the European Financial Area: Global Market Integration and the EU Single Market for Financial Services....Pages 101-123 The Politics of the EU Single Market for Investment Services: Negotiating the Investment Services and Capital Adequacy Directives....Pages 124-143 Domestic Politics, Economic Transitions and Central Europe’s Integration into Global Financial Markets....Pages 144-173 NAFTA, North American Financial Integration and Regulatory Cooperation in Banking and Securities....Pages 174-192 Front Matter....Pages 193-193 The Dynamics of Financial Market Reform in Japan, 1975–95....Pages 195-221 Globalisation, the State and Financial Reform in the East Asian NICs: The Cases of Korea and Taiwan....Pages 222-244 Globalisation, the European Union and German Financial Reform: The Political Economy of ‘Finanzplatz Deutschland’....Pages 245-273 The French State, Dirigisme, and the Changing Global Financial Environment....Pages 274-293 Financial Reform, the United States and the New World Order in International Finance....Pages 294-312 Conclusion: Global Markets, Macroeconomic Instability and Exchange Rate Crises: The Political Economy of the New World Order in International Finance....Pages 313-318 Back Matter....Pages 319-331

few Sectors Of The Global Economy Arouse As Much Awe And Fascination As The Global Financial Markets, And Few Have Such A Dramatic Impact On The Nature Of The World We Live In. Governments, The Private Sector, And The General Public Alike Are Scrambling To Adapt To The Dynamic And Growing Power Of International Finance. This Book Provides A Clear Portrait Of The Dramatic Transformation Of The Global Financial System In The Late Twentieth Century. Drawing On Work By A Prestigious And Interdisciplinary Group Of Specialists, This Volume Looks At The Political Economy Of Individual Sectors Of The Financial Services Industry, At Regional Market Patterns - Such As The European Union - And At Individual Countries From The Asian Newly-industrialised Countries To Europe And The United States. The Book Captures The Complexity And Dynamics Of A Sector With Vital Implications For The Future Of Global Economic Development.

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first Addresses Issues Of Important To The Larger Global Financial Order And Processes Of International Cooperation Along Sectoral Lines Such As Banking And Securities, Or Regional Lines Such As Nafta And The European Union. Then Examines National Cases Of Financial Reform And Their Relationship To Those Global Developments And Issues. The 12 Papers Are From A Conference On International Relations Held In Heidelberg, Germany, In September 1992. Annotation C. By Book News, Inc., Portland, Or.

"Few sectors of the global economy arouse as much awe and fascination as the global financial markets, and few have such a dramatic impact on the nature of the world we live in. Governments, the private sector, and the general public alike are scrambling to adapt to the dynamic and growing power of international finance. This book provides a clear portrait of the dramatic transformation of the global financial system in the late twentieth century. Drawing on work by a prestigious and interdisciplinary group of specialists, this volume looks at the political economy of individual sectors of the financial services industry, at regional market patterns - such as the European Union - and at individual countries from the Asian newly-industrialised countries to Europe and the United States. The book captures the complexity and dynamics of a sector with vital implications for the future of global economic development."--BOOK JACKET Providing a portrait of the transformation of the global financial system in the late 20th century, this work covers areas such as the political economy of individual sectors of the financial services industry, regional market patterns such as the EU and NAFTA, and individual countries.