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Global Finance at Risk

The Case for International Regulation

John Eatwell, Lance Taylor
Livre broché | Anglais
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Description

In Global Finance at Risk, two economists whom John Kenneth Galbraith has hailed as "accomplished scholars of the first rank" propose a bold solution to the financial crises that threaten us all: a World Financial Authority with powers to establish worldwide best-practice financial regulation and risk management. Expansion of finance in industrialized economies, including that of the nineteenth-century United States, was accompanied by the same kind of turbulence now afflicting Asia, Russia, and Latin America. Then, the solution was to establish national banking and securities regulators, create deposit insurance, and empower lenders of last resort. But in our increasingly globalized times, an account opened at a local bank can be based on bad debt from anywhere in the world, including places outside the jurisdiction of those national agencies. And when banks fail, it is not only their account holders who suffer, but all of us. This is why, argue John Eatwell and Lance Taylor in this timely and urgent book, effective regulation of international finance is crucial to the economic health of all nations. Global Finance at Risk casts a welcome light on the deepening intricacies of world financial systems.

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Contenu

Nombre de pages :
272
Langue:
Anglais

Caractéristiques

EAN:
9781565846388
Date de parution :
01-02-01
Format:
Livre broché
Format numérique:
Trade paperback (VS)
Dimensions :
133 mm x 203 mm
Poids :
317 g

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