Home / Social Sciences / Politics / The Globalized Governance of Finance

The Globalized Governance of Finance

AUTHOR
Price
€37.80
€42.00 -10%
Upon request
Dispatched within 15 - 25 days.

Add to wishlist

Big banks are capable of wreaking havoc on the global economy, and governments have often felt powerless to stop them. Regulators have responded by developing coordinated programs to handle banks, insurers, broker dealers, shadow banks and other businesses that can blow up in a crisis. This program began informally and undemocratically, and has developed into something much more organized, formalized and predictable, even though it has never been legally enforceable. David Zaring examines the realities of the current international financial system and concludes that in fact this is a well-ordered and functioning regulatory environment: the international financial system enjoys a substantial degree of compliance, and operates predictably and harmoniously. As a result, perhaps this could serve as a paradigm for future global governance. Zaring explores three aspects of international financial regulation that can inform global governance: harmonization through rules, cooperation on enforcement and agreement on fundamental principles.

Makes sense of a complicated, and important, area of law, one designed to prevent financial crises

Identifies a successful example of international cooperation that could be copied in other areas

Useful for readers in the financial regulatory space

Author: Zaring David
Publisher: CAMBRIDGE UNIVERSITY PRESS
Pages: 178
ISBN: 9781108468596
Cover: Paperback
Edition Number: 1
Release Year: 2019

1. A transformative Forty Years

2. The structure and rules of the globalized governance of finance

3. Banking, global oversight's ne plus ultra

4. Securities regulation: cooperation instead of harmonization

5. Cooperation in insurance: a slow start, but a fast present

6. The other networks of financial regulation

7. International financial regulation and international law

8. International financial regulation and China

9. The next financial crisis and postscript.

David Zaring is Associate Professor in the Department of Legal Studies and Business Ethics at the Wharton School of the University of Pennsylvania.

You may also like

Newsletter

Subscribe to the newsletter to be the first to receive our new releases and offers
Your account Your wishlist

This website uses cookies

We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.