The regulation of international financial markets : perspectives for reform

International financial relations have become increasingly important for the development of global and national economies. At present these relations are primarily governed by market forces, with little regulatory interference at the international level. In the light of numerous financial crises, this abstinence must be seriously questioned. Starting with an analysis of the regulatory problems at the international level, with only minimal powers entrusted to international organisations, this book develops various possibilities for reform. On the basis of an historical analysis, the book first adopts a comparative approach to national attempts to regulate international financial markets, then outlines the potential of relevant institutions (such as the European Central Bank, Basel Committee, IMF and World Bank) and finally develops a policy perspective. It seeks to provide a framework for analysing options for the regulation of international financial markets, from a public international law and comparative law perspective At Present Primarily Governed By Market Forces With Little Regulatory Interference, International Financial Relations Have Become Increasingly Important For Global As Well As National Economies. Contributors To This Volume Consider Whether This Absence Of Regulation Is Wise, In The Light Of Recent Financial Crises. This Book Accordingly Presents A Framework For An Analysis Of The Options In Regulating International Financial Markets From The Perspective Of Public International Law. The Volume Will Be Of Interest To Scholars And Practitioners Involved With Comparative Public Law, Constitutional Economics And Financial Regulation.http://www.loc.gov/catdir/enhancements/fy0664/2006279080-d.html. Monetary Governance And Capital Mobility In Historical Perspective / Benjamin J. Cohen -- The Liberalisation Of Financial Markets : The Regulatory Response In The Uk / Eilis Ferran -- The Liberalisation Of Financial Markets : The Regulatory Response In Germany / Rainer Grote -- Perspectives On Us Financial Regulation / John K.m. Ohnesorge -- The Regulation Of Financial Services In The European Union / Volker Röben -- The Free Movement Of Capital In The European Union / Till Hafner -- International Regulation Of Finance : Is Regionalism A Preferred Option To Multilateralism For East Asia? / Qingijang Kong -- Wto Rules On Trade In Financial Services : A Victory Of Greed Over Reason? / Michael J. Hahn -- The European Central Bank As Regulator And As Institutional Actor / Thilo Marauhn And Michael Weiss -- The Basel Committee On Banking Supervision - A Secretive Club Of Giants? / Susan Emmenegger -- Strengthening The International Financial Architecture : The Contribution By Imf And World Bank / Axel Peuker -- Liberalisation And Regulation Of International Capital Flows : Where The Opposites Meet / Peter Nunnenkamp -- Do We Need A New International Financial Architecture? Many Questions And Some Preliminary Policy Advice / Stefan Voigt -- Proposing Built-in Stabilisers For The International Financial System / Kunibert Raffer. Edited By Rainer Grote And Thilo Marauhn. Includes Index.

At present primarily governed by market forces with little regulatory interference, international financial relations have become increasingly important for global as well as national economies. Contributors to this volume consider whether this absence of regulation is wise, in the light of recent financial crises. This book accordingly presents a framework for an analysis of the options in regulating international financial markets from the perspective of public international law. The volume will be of interest to scholars and practitioners involved with comparative public law, constitutional economics and financial regulation.

At present, international financial relations are primarily governed by market forces, with little regulatory interference at the international level. This book seeks to provide a framework for analysing options for the regulation of international financial markets, from the perspective of public international law and comparative law Of all the challenges facing economic policymakers at the dawn of the new millennium, few are as daunting as the problem of governance of international financial markets and the free movement of capital. Provides a framework for analysing options for the regulation of international financial markets, from the perspective of public international law