Global governance of financial systems: the international regulation of systemic risk

Global Governance of Financial Systems analyzes the current international legal and regulatory framework for controlling systemic risk in global financial markets. It suggests that current efforts at international regulation are inefficient, fragmented, and lack political legitimacy. The current structure of international financial regulation fails to manage systemic risk in an efficient manner that promotes adequate economic growth and political accountability among nations. This book sets forth the economic rationale for international financial regulation and what role, if any, international regulation can play in more effectively managing systemic risk and providing more accountability for states subject to such regulation.

L'auteur :

Kern Alexander, Isaac Newton Trust Senior Research Fellow in International Financial Regulation, The Judge Institute, University of Cambridge, Rahul Dhumale, The Policy and Analysis Function, Federal Reserve Bank of New York, and John Eatwell, President, Queens College, Cambridge.