The International Politics of Harmonization: The Case of Capital Market Regulation
AbstractThe vast expansion of international nancial activity over the lastdecade has been a central fact of international economic life.Balance-of-payments statistics indicate that cross-border transactionsin bonds and equities among the G-7 countries rose from less than 10percent of gross domestic product (GDP) in 1980 to over 140 percent in1995. International bond and equity markets have reached staggeringproportions: by the end of 1997, portfolio holdings of equity andlong-term debt securities reached nearly $5.2 trillion. Capital owsto developing countries and countries in transition grew from $57billion in 1990 to over $286 billion in 1997 before plummeting to $148billion in 1998. Foreign exchange transactions reached an estimatedaverage daily turnover of nearly $1.5 trillion in 1998 compared with adaily turnover of $590 billion in 1989. The annual turnover inderivatives contracts nancial agreements that derive their value fromthe performance of other assets, interest or currency exchange rates, orindexes was valued at $3.4 trillion in 1990. In 1998, trading andderivatives activities of seventy-one of the world s leading banks andsecurities firms totaled more than $130 trillion.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Cambridge University Press in its journal International Organization.
Volume (Year): 55 (2001)
Issue (Month): 03 (June)
Contact details of provider:
Postal: The Edinburgh Building, Shaftesbury Road, Cambridge CB2 2RU UK
Fax: +44 (0)1223 325150
Web page: http://journals.cambridge.org/jid_INOProvider-Email:email@example.com
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Collier, Benjamin, 2013. "Exclusive finance: How unmanaged systemic risk continues to limit financial services for the poor in a booming sector," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150433, Agricultural and Applied Economics Association.
- Tim Büthe, 2008. "Politics and institutions in the regulation of global capital: A review article," The Review of International Organizations, Springer, vol. 3(2), pages 207-220, June.
- Martini, Jan Thomas & Niemann, Rainer & Simons, Dirk, 2007. "Transfer pricing or formula apportionment? Tax-induced distortions of multinationals' investment and production decisions," arqus Discussion Papers in Quantitative Tax Research 27, arqus - Arbeitskreis Quantitative Steuerlehre.
- Lukas Hakelberg, 2014. "The Power Politics of International Tax Cooperation. Why Luxembourg and Austria accepted automatic exchange of information on foreign account holders’ interest income," EUI-RSCAS Working Papers p0375, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
- Schwarz, Peter, 2011. "Money launderers and tax havens: Two sides of the same coin?," International Review of Law and Economics, Elsevier, vol. 31(1), pages 37-47, March.
- Robert Falkner & Aarti Gupta, 2009. "The limits of regulatory convergence: globalization and GMO politics in the south," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 9(2), pages 113-133, May.
- International Monetary Fund, 2011. "Compliance with the AM+L4776L/CFT International Standard," IMF Working Papers 11/177, International Monetary Fund.
- Leo F. Goodstadt, 2009. "The Global Crisis: Why Regulators Resist Reforms," Working Papers 322009, Hong Kong Institute for Monetary Research.
- Grasl, Maximilian, 2011. "International Financial Reporting Standards and banking regulation: A comeback of the state?," TranState Working Papers 158, University of Bremen, Collaborative Research Center 597: Transformations of the State.
- Pistor Katharina, 2012. "Governing Interdependent Financial Systems: Lessons from the Vienna Initiative," Journal of Globalization and Development, De Gruyter, vol. 2(2), pages 1-25, January.
- Helleiner, Eric & Pagliari, Stefano, 2011. "The End of an Era in International Financial Regulation? A Postcrisis Research Agenda," International Organization, Cambridge University Press, vol. 65(01), pages 169-200, January.
- Lodge, Martin & Stirton, Lindsay, 2002. "Globalisation and Regulatory Autonomy in Small Developing States: The Case of Jamaican Telecommunications Reform," Centre on Regulation and Competition (CRC) Working papers 30669, University of Manchester, Institute for Development Policy and Management (IDPM).
- Jan Thomas Martini & Rainer Niemann & Dirk Simons, 2007. "Transfer Pricing or Formula Apportionment? Tax-Induced Distortions of Multinationals’ Investment and Production Decisions," CESifo Working Paper Series 2020, CESifo Group Munich.
- Barry Eichengreen & Hans-Joachim Voth, 2003. "Symposium on capital controls," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 8(3), pages 185-187.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Keith Waters).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.