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Financial Stability, Economic Growth, and the Role of Law.
Financial crises have become an all too common occurrence over the past twenty years, largely as a result of changes in finance brought about by increasing internationalization and integration. As domestic financial systems and economies have become more interlinked, weaknesses can significantly imp...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Cambridge :
Cambridge University Press,
2007.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Cover; Half-title; Title; Copyright; Dedication; Contents; Introduction; Financial markets and the international financial architecture; Foundations of financial sector development; Financial regulation and supervision; Looking forward; Part I: Finance and the International Financial Architecture; 1 Law, Finance and Development; 1.1 Law, Institutions and Economic Development; 1.1.1 Geography and Endowments; 1.1.2 Policies; 1.1.3 Institutions; 1.1.4 Recent Empirical Evidence; 1.1.5 The Role of Law; 1.1.6 The Way Forward; 1.2 Financial crises in the 1990s; 1.2.1 Prelude: 1990-95.
- 1.2.2 The Mexican Financial Crisis: 1994-951.2.3 The East Asian Financial Crisis: 1997-98; 1.2.4 International Contagion: 1995 and 1998-99; 1.3 The role of the financial sector; 1.3.1 Lessons from Financial Crises; 1.3.2 The Financial System and Economic Growth; 1.3.3 The Role of the Financial Sector; 1.3.4 Financial Sector Development; 1.4 Law, the financial sector and economic growth; 1.5 Conclusion; 2 Law, Financial Stability and the International Financial Architecture; 2.1 The Bretton Woods System and Globalization of Financial Markets; 2.1.1 Bretton Woods as Designed.
- 2.1.2 Bretton Woods in Practice: 1944-942.1.3 Responses to the Mexican Financial Crisis; 2.2 Discussions of the New International Financial Architecture; 2.2.1 The Changing Nature of Finance: Globalization; 2.2.2 Crisis Prevention and Financial Stability: Structure and Process; 2.2.3 Crisis Resolution: An On-Going Debate; 2.3 International Financial Standards and Standard-setting Organizations; 2.3.1 Coordination; 2.3.2 Key Standards for Sound Financial Systems; 2.3.3 Standard-setting and Standard-setting Organizations; 2.3.4 Compendium of Standards; 2.4 Implementation and Monitoring.
- 2.4.1 Implementation: A Domestic Process2.4.2 International Financial Institutions: The Standards and Codes Initiative; 2.4.3 Other Initiatives; 2.5 conclusion; Part II: Foundations of Finance; 3 Preconditions for and Institutional Underpinnings of Finance; 3.1 Preconditions for Financial Sector Development and Economic Growth; 3.1.1 Governance; 3.1.2 Property Rights; 3.1.3 Enforcement of Contracts, Protection of Property Rights and Resolution of Commercial Disputes; 3.1.4 Human Capital Development; 3.2 Institutional Underpinnings of Finance; 3.2.1 Use of Property Rights; 3.2.2 Company Law.
- 3.2.3 Sustainable Fiscal and Taxation System3.2.4 Rule of Law; 3.3 Conclusion; 4 Central Banking and Financial Policy; 4.1 Central Banking; 4.2 Monetary Stability; 4.2.1 Monetary and Financial Policy Transparency Code; 4.2.2 Transparency of Macroeconomic Data; 4.3 Financial Stability; 4.3.1 Design of the Financial Safety Net; 4.3.2 Contingency Planning; 4.3.3 Lender of Last Resort; 4.3.4 Financial intermediary Resolution and Insolvency; 4.4 Payment and Settlement; 4.4.1 International Efforts; 4.4.2 International Standards; 4.4.3 Developing Payment and Settlement Systems.