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Author: Geoffrey R. D. Underhill
Publisher:
ISBN: 9780511054464
Category : Electronic books
Languages : en
Pages : 395
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Book Description
The Asian and Argentinian financial crises have focused attention on the most appropriate shape and role for international and national financial institutions. This volume offers a wide-ranging overview of the problems and possible policy responses. Although the approach is multi-disciplinary, most of the contributors write from a political economy perspective.
Author: Geoffrey R. D. Underhill
Publisher:
ISBN: 9780511054464
Category : Electronic books
Languages : en
Pages : 395
Get Book Here
Book Description
The Asian and Argentinian financial crises have focused attention on the most appropriate shape and role for international and national financial institutions. This volume offers a wide-ranging overview of the problems and possible policy responses. Although the approach is multi-disciplinary, most of the contributors write from a political economy perspective.
Author: Geoffrey R. D. Underhill
Publisher: Cambridge University Press
ISBN: 9780521036375
Category : Business & Economics
Languages : en
Pages : 412
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Book Description
Intensifying global financial liberalization and integration has been accompanied by increased financial volatility over the past two decades. This has been revealed most dramatically by the Asian financial crisis and the more recent crisis in Argentina. These and lesser-known crises in emerging economies have focused attention on determining the most appropriate role for international and national financial institutions to play. This volume offers a wide-ranging overview of the problems and possible policy responses involved in resolving the issues discussed.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 36
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Book Description
Author: Geoffrey R. D. Underhill
Publisher: Cambridge University Press
ISBN: 1139434845
Category : Business & Economics
Languages : en
Pages : 411
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Book Description
Persistent episodes of global financial crises have placed the existing system of international monetary and financial governance under stress. The resulting economic turmoil provides a focal point for rethinking the norms and institutions of global financial architecture and the policy options of public and private authorities at national, regional and transnational levels. This volume moves beyond analysis of the causes and consequences of recent financial crises and concentrates on issues of policy. Written by distinguished scholars, it focuses on the tension between global market structures and national policy imperatives. Accessible to both specialists and general readers, the analysis is coherent across a broad range of theoretical and empirical cases. Offering a series of reasoned policy responses to financial integration and crises, the volume grapples directly with the institutional and often-neglected normative dimensions of international financial architecture. The volume thus constitutes required reading for scholars and policy-makers.
Author: Mr.Tobias Adrian
Publisher: International Monetary Fund
ISBN: 1513520741
Category : Business & Economics
Languages : en
Pages : 73
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Book Description
This paper explains specifics of stress testing at the IMF. After a brief section on the evolution of stress tests at the IMF, the paper presents the key steps of an IMF staff stress test. They are followed by a discussion on how IMF staff uses stress tests results for policy advice. The paper concludes by identifying remaining challenges to make stress tests more useful for the monitoring of financial stability and an overview of IMF staff work program in that direction. Stress tests help assess the resilience of financial systems in IMF member countries and underpin policy advice to preserve or restore financial stability. This assessment and advice are mainly provided through the Financial Sector Assessment Program (FSAP). IMF staff also provide technical assistance in stress testing to many its member countries. An IMF macroprudential stress test is a methodology to assess financial vulnerabilities that can trigger systemic risk and the need of systemwide mitigating measures. The definition of systemic risk as used by the IMF is relevant to understanding the role of its stress tests as tools for financial surveillance and the IMF’s current work program. IMF stress tests primarily apply to depository intermediaries, and, systemically important banks.
Author: Ursula Van Beek
Publisher: AFRICAN SUN MeDIA
ISBN: 1920338705
Category : Political Science
Languages : en
Pages : 216
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Book Description
DEMOCRACY UNDER STRESS focuses on the global financial crisis of 2008-2009 and its implications for democracy. Why and how did the crisis come about? Are there any instructive lessons to be drawn from comparisons with the Great Depression of the 1930s? What are the democratic response mechanisms to cope with serious crises? Do they work? Is China a new trend setter? Do values matter? Are global democratic rules a possibility? These are some of the key questions addressed in the volume.
Author: Xiaoke Zhang
Publisher: Routledge
ISBN: 113442647X
Category : Political Science
Languages : en
Pages : 327
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Book Description
This is the first systematic attempt to explore the causal relationship between financial market reform and financial crisis in an interdisciplinary and comparative perspective. It examines the political underpinnings of financial policy-change and provides an in-depth analysis of market liberalisation processes and their impact on the economic turmoil of 1997-98 in Korea and Thailand. The common crisis stemmed from divergent reform patterns and originated from dissimilar institutional deficiencies and political constraints. The book will be essential reading for both policy-makers and academics concerned with national governance in an era of globalisation.
Author: David Held
Publisher: Polity
ISBN: 0745665241
Category : Law
Languages : en
Pages : 228
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Book Description
Since 2007 the world has lurched from one crisis to another. The collapse of our global financial system, growing global economic imbalances, the crisis of the Eurozone, the proliferation of nuclear weapons and the mounting signs of climate change have led to a build up of risks that could well provoke a more general crisis in our system of governance if it cannot be made fairer, more effective and accountable. In this book, nine leading academics explore the mounting economic and political fault lines that are producing multiple sources of pressure on global institutions. They examine the ways in which these institutions are currently attempting to manage these pressures, and their shortcomings and failures. The authors offer a fresh look at one of the most important issues confronting the world today and suggest strategies for adapting current institutions to better manage our mutual interdependence in the future. Contributors include Ha–Joon Chang, Benjamin Cohen, Michael Cox, David Held, George Magnus, Charles Roger, Robert Skidelsky, Robert Wade, Martin Wolf and Kevin Young.
Author: Donald F. Kettl
Publisher: SAGE
ISBN: 1452239908
Category : Political Science
Languages : en
Pages : 217
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Book Description
In System under Stress, The Challenge to 21st Century Democracy, Third Edition, Donald F. Kettl looks at the latest stress to hit the system—the financial crisis of 2008. In his brief, gripping narrative, Kettl assesses how well the U.S. political system responds under extraordinary pressure—from 9/11, to Hurricane Katrina, to the Great Recession— and asks if the government is ready to face that next challenge. A well-known scholar, commentator, and writer in the areas of federalism and governance, Kettl asks the hard questions, makes a credible and persuasive argument, and crafts a readable case study that is fascinating and thought-provoking.
Author: Andrew Walter
Publisher: Cornell University Press
ISBN: 0801458153
Category : Business & Economics
Languages : en
Pages : 255
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Book Description
The international financial community blamed the Asian crisis of 1997–1998 on deep failures of domestic financial governance. To avoid similar crises in the future, this community adopted and promoted a set of international "best practice" standards of financial governance. The G7 asked specialized public and private sector bodies to set international standards, and tasked the International Monetary Fund and the World Bank with their global dissemination. Non-Western countries were thereby encouraged to emulate Western practices in banking and securities supervision, corporate governance, financial disclosure, and policy transparency. In Governing Finance, Andrew Walter explains why Indonesia, Malaysia, South Korea, and Thailand—key targets and test cases of this international standards project—were placed under intense pressure to transform their domestic financial governance. Walter finds that the depth of the economic crisis, and more enduring aspects of Asian capitalism, such as family ownership of firms, made substantive compliance with international standards very costly for the private sector and politically difficult for governments to achieve. In spite of international compliance pressure, the result was varying degrees of cosmetic or "mock" compliance. In a book containing lessons for any agency or country attempting to implement lasting change in financial governance, Walter emphasizes the limits of global regulatory convergence in the absence of support from domestic politicians, institutions, and firms.
