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Global Finance at Risk: The Case for International Regulation
Global Finance at Risk: The Case for International

 
Our Price: $23.00
By John Eatwell (au); Lance Taylor (au)
Year: 2000
Pages: 258
Binding Hardcover
ISBN 1565845633

Product Code: 1437951724

Description
 
A much-needed solution to the financial crises that threaten us all: a World Fin’l. Authority with powers to establish worldwide best-practice financial reg’n. and risk mgmt. Expansion of finance in industrialized economies was accompanied by the same kind of turbulence now afflicting Asia, Russia, and Latin Amer. Then, the solution was to establish national banking and securities regulators, deposit insur., and lenders of last resort. But now, a savings account opened at a bank can be based on bad debt from anywhere in the world, incl. places outside the jurisdiction of those national agencies. And when banks fail, it is not only their account-holders who suffer, but all of us. “Effective regulation of internat. finance is crucial to the economic health of all nations.”

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