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Regulation of International Financial Markets: Perspectives for Reform » (New Edition)

Authors: Thilo Marauhn
ISBN-13: 9780521831444, ISBN-10: 052183144X
Format: Hardcover
Publisher: Cambridge University Press
Date Published: February 2006
Edition: New Edition

Senior Research Fellow, Max-Planck-Institut für ausländisches öffentliches Recht und Völkerrecht, Germany.

Professor of Public Law, International Law and European Law, Justus-Liebig-Universität Giessen, Germany.

Provides a framework for analysing options for the regulation of international financial markets, from the perspective of public international law.

	Introduction : the regulatory dilemma in international financial relations	1
1	Monetary governance and capital mobility in historical perspective	27
2	The liberalisation of financial markets : the regulatory response in the United Kingdom	57
3	The liberalisation of financial markets : the regulatory response in Germany	75
4	Perspectives on US financial regulation	95
5	The regulation of financial services in the European Union	115
6	The free movement of capital in the European Union	141
7	International regulation of finance : is regionalism a preferred option to multilateralism for East Asia?	151
8	WTO rules on trade in financial services : a victory of greed over reason?	176
9	The European Central Bank as regulator and as institutional actor	209
10	The Basle committee on banking supervision - a secretive club of giants?	224
11	Strengthening the international financial architecture : contribution by the IMF and World Bank	237
12	Liberalisation and regulation of international capital flows : where the opposites meet	259
13	Do we need a new international financial architecture? : many questions and some preliminary policy advice	277
14	Proposing built-in stabilisers for the international financial system	296
	Conclusions and agenda for further research	316