Financial regulation in the global economy:
Gespeichert in:
| Beteiligte Personen: | , |
|---|---|
| Format: | Buch |
| Sprache: | Englisch |
| Veröffentlicht: |
Washington, D.C.
Brookings Inst.
1995
|
| Schriftenreihe: | Integrating national economies
|
| Schlagwörter: | |
| Links: | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006921422&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| Abstract: | This book, part of the Integrating National Economies series, examines the case for international harmonization of financial regulation and supervision. Richard J. Herring and Robert E. Litan analyze three basic questions that arise as financial institutions seek to broaden their global reach: What should be the rights of access to markets in different countries? Whose rules should apply? And, which regulatory bodies should enforce these rules? The authors provide a framework for understanding the measures to regulate international financial institutions that countries have agreed on so far. They project potential changes in the international marketplace and the implications of those changes for regulatory policy. They discuss how policymakers should respond and, given the relevant policy constraints, how they are likely to respond. The book concludes with proposals designed to emphasize discipline of financial institutions by the market rather than by regulators. |
| Umfang: | XXX, 187 S. graph. Darst. |
| ISBN: | 0815752849 0815752830 |
Internformat
MARC
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| 245 | 1 | 0 | |a Financial regulation in the global economy |c Richard J. Herring and Robert E. Litan |
| 264 | 1 | |a Washington, D.C. |b Brookings Inst. |c 1995 | |
| 300 | |a XXX, 187 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 0 | |a Integrating national economies | |
| 520 | 3 | |a This book, part of the Integrating National Economies series, examines the case for international harmonization of financial regulation and supervision. Richard J. Herring and Robert E. Litan analyze three basic questions that arise as financial institutions seek to broaden their global reach: What should be the rights of access to markets in different countries? Whose rules should apply? And, which regulatory bodies should enforce these rules? The authors provide a framework for understanding the measures to regulate international financial institutions that countries have agreed on so far. They project potential changes in the international marketplace and the implications of those changes for regulatory policy. They discuss how policymakers should respond and, given the relevant policy constraints, how they are likely to respond. The book concludes with proposals designed to emphasize discipline of financial institutions by the market rather than by regulators. | |
| 650 | 7 | |a Bancos e operacoes bancarias |2 larpcal | |
| 650 | 7 | |a Financas internacionais |2 larpcal | |
| 650 | 7 | |a Financiële instellingen |2 gtt | |
| 650 | 7 | |a Internationale financiën |2 gtt | |
| 650 | 7 | |a Toezicht |2 gtt | |
| 650 | 4 | |a Bank | |
| 650 | 4 | |a Banks and banking |x State supervision | |
| 650 | 4 | |a Financial services industry |x State supervision | |
| 650 | 4 | |a Financial services industry |x State supervision |x International cooperation | |
| 650 | 4 | |a International finance | |
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| 650 | 0 | 7 | |a Internationale Bank |0 (DE-588)4140009-4 |2 gnd |9 rswk-swf |
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Datensatz im Suchindex
| _version_ | 1819377812736311296 |
|---|---|
| adam_text | Contents
Preface
xvii
1.
Introduction
and Overview
1
The Internationalization of Finance: Implications
for Regulation
4
Harmonization of Financial Rules: Opportunities
and Limits
7
Recommendations
9
2.
International Financial Integration:
The Continuing Process
13
Effect on Users of Financial Services
14
Effect on Financial Service Institutions
18
Effect on Regulators
19
Expanding International Flows of Capital
23
Increasing International Asset Price Integration
29
Covered Interest Rate Parity in the Eurocurrency Market
29
Conclusion: The Extent of International
Financial Integration
44
3.
Financial Regulation in Domestic and
International Environments
49
Rationales for Financial Regulation in a Domestic Setting
49
Financial Regulation in an International Environment
64
The Appropriate Size of the Supervisory and
Regulatory Domain
79
xiii
xiv Contents
4. International
Efforts
in Financial Regulation
to Date
86
Rights of
Access 88
Systemic Risk and Solvency
95
Common Bank Capital Standards: The Basel Accord
107
Consumer Protection
113
Other Objectives
115
5.
Prospects for International Cooperation in the
Regulation and Supervision of Financial Services
120
The Willingness to
C ooperate
121
Emergency Liquidity Assistance for Internationally
Active Banks
126
Refinements and Extensions of the Basel Concordat
and Accord
132
Rules for Securities Firms
137
Dealing with Financial Conglomerates
142
Market Alternatives to Regulatory Harmonization
147
Competitive Equity
151
Comments
153
Yasuhiro Maehara
153
Richard Webb
163
Appendix: Permissible Activities for Banking
Organizations in Various Financial Centers
167
References
171
Index
179
Tables
2-І.
Costs of Air Transportation and Telephone Calls,
Selected Years,
1930-90 14
2-2.
Five Levels of International Financial Integration
30
3-1.
Objectives and Tools of Financial Regulation
50
3-2.
Illustrative List of Bank Deposit Insurance Schemes
54
3-3.
Permissible Activities for Banking Organizations in
Various Financial Centers
58
4-1.
International Financial Regulatory Initiatives
87
Contents xv
Figures
2-1.
Direct Issues of Securities in International Flows of Credit,
1981-92 15
2-2.
Life Insurance, Pension, and Mutual Fund Assets as a
Percentage of Household Assets, Selected Countries,
1980,1985,1990 17
2-3.
Indexed Value of World Exports and World GDP,
1963-90 23
2-4.
Indexed Value of World Exports and CHIPS Payments,
1970-92 24
2-5.
Daily Turnover in Foreign Exchange, Selected Countries,
1986,1989, 1992 25
2-6.
International Bank Lending,
1973-92 26
2-7.
International Issues of Bonds,
1981-92 27
2-8.
Gross Cross-Border Equity Flows,
1979-90 27
2-9.
Swap Market Growth,
1987-92:
Outstanding Notional
Principal of Interest Rate and Currency Swaps
28
2-Ю.
External and Internal Money Markets in the
Deutsche Mark, January 1973-August
1974 33
2-11.
External and Internal Money Markets in the French Franc,
1982-91 35
2-12.
Uncovered Interest Differentials, Four Countries,
1973-92 38
2-13.
Real Interest Rate Differentials, United States and
Four Other Countries,
1977-92 41
4-1.
The Corporate Structure of Banco
Ambrosiano
102
|
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| id | DE-604.BV010393949 |
| illustrated | Illustrated |
| indexdate | 2024-12-20T09:53:18Z |
| institution | BVB |
| isbn | 0815752849 0815752830 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-006921422 |
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| physical | XXX, 187 S. graph. Darst. |
| publishDate | 1995 |
| publishDateSearch | 1995 |
| publishDateSort | 1995 |
| publisher | Brookings Inst. |
| record_format | marc |
| series2 | Integrating national economies |
| spellingShingle | Herring, Richard J. Litan, Robert E. Financial regulation in the global economy Bancos e operacoes bancarias larpcal Financas internacionais larpcal Financiële instellingen gtt Internationale financiën gtt Toezicht gtt Bank Banks and banking State supervision Financial services industry State supervision Financial services industry State supervision International cooperation International finance Regulierung (DE-588)4201190-5 gnd Bankenaufsicht (DE-588)4004450-6 gnd Internationale Kapitalbewegung (DE-588)4162044-6 gnd Internationale Bank (DE-588)4140009-4 gnd |
| subject_GND | (DE-588)4201190-5 (DE-588)4004450-6 (DE-588)4162044-6 (DE-588)4140009-4 |
| title | Financial regulation in the global economy |
| title_auth | Financial regulation in the global economy |
| title_exact_search | Financial regulation in the global economy |
| title_full | Financial regulation in the global economy Richard J. Herring and Robert E. Litan |
| title_fullStr | Financial regulation in the global economy Richard J. Herring and Robert E. Litan |
| title_full_unstemmed | Financial regulation in the global economy Richard J. Herring and Robert E. Litan |
| title_short | Financial regulation in the global economy |
| title_sort | financial regulation in the global economy |
| topic | Bancos e operacoes bancarias larpcal Financas internacionais larpcal Financiële instellingen gtt Internationale financiën gtt Toezicht gtt Bank Banks and banking State supervision Financial services industry State supervision Financial services industry State supervision International cooperation International finance Regulierung (DE-588)4201190-5 gnd Bankenaufsicht (DE-588)4004450-6 gnd Internationale Kapitalbewegung (DE-588)4162044-6 gnd Internationale Bank (DE-588)4140009-4 gnd |
| topic_facet | Bancos e operacoes bancarias Financas internacionais Financiële instellingen Internationale financiën Toezicht Bank Banks and banking State supervision Financial services industry State supervision Financial services industry State supervision International cooperation International finance Regulierung Bankenaufsicht Internationale Kapitalbewegung Internationale Bank |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006921422&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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