|
Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law > Financial law > Banking law
|
Buy Now
International Harmonization of Financial Regulation? - The Politics of Global Diffusion of the Basel Capital Accord (Hardcover, New)
Loot Price: R5,062
Discovery Miles 50 620
|
|
|
International Harmonization of Financial Regulation? - The Politics of Global Diffusion of the Basel Capital Accord (Hardcover, New)
Expected to ship within 10 - 15 working days
|
It is often argued that international financial regulation has been
substantially strengthened over the past decades through the
international harmonization of financial regulation. There are,
however, still frequent outbreaks of painful financial crises,
including the recent 2008 global financial crisis. This raises
doubts about the conventional claims of the strengthening of
international financial regulation. This book provides an in-depth
political economy study of the adoptions in Japan, Korea and Taiwan
of the 1988 Basel Capital Accord, the now so-called Basel I, which
has been at the center of international banking regulation over the
past three decades, highlighting the domestic politics surrounding
it. The book illustrates that, despite banks' formal compliance
with the Accord in these countries, their compliance was often
cosmetic due to extensive regulatory forbearance that allowed their
real capital soundness to weaken. Domestic politics thus ultimately
determined national implementations of the Accord. This book
provides its novel innovative study of the Accord through scores of
interviews with bank regulators and analysis of various primary
documents. It suggests that the actual effectiveness of
international financial regulation relies ultimately on the
domestic politics surrounding it. It implies as well that the past
trend of international harmonization of financial regulation may be
illusory, to at least some extent, in terms of its actual
effectiveness. This book may interest not only political economists
but also scholars working on the intersection of law, economics and
institutions.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
You might also like..
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
