Zum Hauptinhalt springen Zur Suche springen Zur Hauptnavigation springen
Beschreibung
The recent financial crisis proved that pre-existing arrangements for the governance of global markets were flawed. With reform underway in the USA, the EU and elsewhere, Emilios Avgouleas explores some of the questions associated with building an effective governance system and analyses the evolution of existing structures. By critiquing the soft law structures dominating international financial regulation and examining the roles of financial innovation and the neo-liberal policies in the expansion of global financial markets, he offers a new epistemological reading of the causes of the global financial crisis. Requisite reforms leave serious gaps in cross-border supervision, in the resolution of global financial institutions and in the monitoring of risk originating in the shadow banking sector. To close these gaps and safeguard the stability of the international financial system, an evolutionary governance system is proposed that will also enhance the welfare role of global financial markets.
The recent financial crisis proved that pre-existing arrangements for the governance of global markets were flawed. With reform underway in the USA, the EU and elsewhere, Emilios Avgouleas explores some of the questions associated with building an effective governance system and analyses the evolution of existing structures. By critiquing the soft law structures dominating international financial regulation and examining the roles of financial innovation and the neo-liberal policies in the expansion of global financial markets, he offers a new epistemological reading of the causes of the global financial crisis. Requisite reforms leave serious gaps in cross-border supervision, in the resolution of global financial institutions and in the monitoring of risk originating in the shadow banking sector. To close these gaps and safeguard the stability of the international financial system, an evolutionary governance system is proposed that will also enhance the welfare role of global financial markets.
Über den Autor
Emilios Avgouleas holds the chair in International Banking Law and Finance at the University of Edinburgh. He was previously Professor of International Financial Markets and Financial Law at the University of Manchester. He has published extensively in the wider field of international and European finance law and economics.
Inhaltsverzeichnis
1. Introduction; Part I. Financial Markets and Financial Crises: 2. Financial markets and financial crises; 3. The causes of the global financial crisis; Part II. The Evolution of Global Governance Structures: 4. The evolution of global financial governance and development of international financial regulation; 5. The 'softness' of soft law and global financial governance; Part III. Regulatory Reform and a New Governance Model for Global Financial Markets: 6. Regulatory and supervisory reform: US, EU, Basel Committee; 7. Global reform of the 'too-big-to-fail-institution' and the new resolution regimes in the US and the EU; 8. An evolutionary model for global financial governance.
Details
Erscheinungsjahr: 2012
Fachbereich: Handels- und Wirtschaftsrecht, Arbeitsrecht
Genre: Importe, Recht
Produktart: Nachschlagewerke
Rubrik: Recht & Wirtschaft
Medium: Buch
ISBN-13: 9780521762663
ISBN-10: 0521762669
Sprache: Englisch
Einband: Gebunden
Autor: Avgouleas, Emilios
Hersteller: Cambridge University Press
Verantwortliche Person für die EU: Libri GmbH, Europaallee 1, D-36244 Bad Hersfeld, gpsr@libri.de
Maße: 235 x 157 x 31 mm
Von/Mit: Emilios Avgouleas
Erscheinungsdatum: 11.04.2012
Gewicht: 0,868 kg
Artikel-ID: 106675876

Ähnliche Produkte