Reforming the international financial architecture: What globalization critics demand and what policymakers have (not) achieved
Various financial crises have eroded confidence in the wellfunctioning of international capital markets. Against this backdrop, this article discusses the demand of globalization critics to radically remodel the international financial architecture and assesses recent changes in the regulatory framework. We conclude that some radical proposals have been rejected for good economic reasons. However, market failure in global financial intermediation requires regulatory reforms going beyond what policymakers have agreed upon so far. In important respects, the reform process appears to be stalled, mainly because of conflicting interests of major political players.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 9 (2003)
Issue (Month): ()
|Contact details of provider:|| Postal: |
Phone: +1 212 284 8600
Web page: http://www.capco.com/
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- John Williamson, 2000. "The Role of the IMF: A Guide to the Reports," Policy Briefs PB00-5, Peterson Institute for International Economics.
- Stanley Fischer, 2001. "Exchange Rate Regimes: Is the Bipolar View Correct?," Journal of Economic Perspectives, American Economic Association, vol. 15(2), pages 3-24, Spring.
- Nunnenkamp, Peter, 2002. "IWF und Weltbank: trotz aller Mängel weiterhin gebraucht?," Kiel Discussion Papers 388, Kiel Institute for the World Economy (IfW).
- Peter Nunnenkamp, 2001. "Umbaupläne und Reparaturarbeiten an der internationalen Finanzarchitektur: Eine Zwischenbilanz aus deutscher Perspektive," Kiel Working Papers 1078, Kiel Institute for the World Economy.
- Stephany Griffith-Jones & Miguel Angel Segoviano & Stephen Spratt, 2003. "Basel II and developing countries: diversification and portfolio effects," LSE Research Online Documents on Economics 24824, London School of Economics and Political Science, LSE Library.
- Raffer, Kunibert, 1998. "The tobin tax: Reviving a discussion," World Development, Elsevier, vol. 26(3), pages 529-538, March.
- Stephany Griffith-Jones & Stephen Spratt, 2003. "Basel II and Developing Countries: Diversification and Portfolio Effects," FMG Discussion Papers dp437, Financial Markets Group.
When requesting a correction, please mention this item's handle: RePEc:ris:jofitr:1329. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peter Springett)
If references are entirely missing, you can add them using this form.