The New World Order in International Finance

The author provides a clear portrait of the dramatic transformation of the global financial system in the late 20th century. Drawing on work by a prestigious and interdisciplinary set of specialists, this volume looks at the political economy of individual sectors of the financial services industry, at regional market patterns such as the EU and NAFTA, and at individual countries from the Asian NICs to Europe and the United States. The book captures the complexity and dynamics of a sector with vital implications for the future of global economic development.

Inhalt

List of Acronyms and Abbreviations - List of Tables and Figures - List of Contributors - Introduction; G.R.D.Underhill - PART 1: SECTORS, REGIONS, AND INTERNATIONAL CO-OPERATION - Private Markets and Public Responsibility in a Global System: Conflict and Co-operation in Transnational Banking and Securities Regulation; G.R.D.Underhill - Market Regulation and Particularistic Interests: the Dynamics of Insider Trading Regulation in the US and Europe; J.McCahery - Financial Deregulation and the Transformation of International Risks Insurance; V.Haufler - The Making of the European Financial Area: Global Market Integration and the EU Single Market for Financial Services; G.R.D.Underhill - The Politics of the EU Single Market for Investment Services: Negotiating the Investment Services and Capital Adequacy Directives; P.Brown - Domestic Politics, Economic Transitions, and Central Europe's Integration into Global Financial Markets; G.Rodkey - NAFTA, North American Financial Integration, and Regulatory Co-operation in Banking and Securities; T.Porter - PART 2: NATIONAL CASES - The Dynamics of Financial Market Reform in Japan 1975-1995; J.Holt-Dwyer - Globalisation, the State, and Financial Reform in the East Asian NICs: the Cases of Korea and Taiwan; M.Bernard - Globalisation, the European Union, and German Financial Reform: the Political Economy of Finanzplatz Deutschland; J.Story - The French State, Dirigisme, and the Changing Global Financial Environment; W.D.Coleman - Financial Reform, the United States and the New World Order in International Finance; H.Garten - Conclusion: Global Markets, Macroeconomic Instability, and Exchange Rate Crises: the Political Economy of the New World Order in International Finance; G .R.D.Underhill - Index