The Group of Seven Industrialized Countries, G7 developed a new doctrine of international supervision and regulation of financial markets. The G7 instructed international financial institution such as the IMF, the Bank for International Settlements, the World Bank and the Multilateral Development Banks to tighten their supervision and regulation of international finance. This volume examines this doctrine sometimes known as the 'New Architecture of the International Financial System' or IFA. Strengthening of the international financial system never ends and there have been recurring vulnerabilities in international financial architecture. The book examines current practices and its consequences and how the IFA has evolved and its alternatives. The book draws upon academic knowledge, practitioner techniques in financial risk management and official doctrine to analyze how investors, creditors and debts function within the new architecture.

'This careful volume is an exhaustive analytical survey of great relevance and usefulness to all who need to follow these affairs.' - Antonio Delfim Netto, Federal Representative, Congress of Brazil

'...the reader will find a complete summary of the reform process that International Financial Institutions have undergone.' - José Francisco Gil-Díaz, Treasury Secretary of Mexico

'Without doubt, this volume contributes to a better understanding of how investors, creditors and debtors interact within the new global financial scaffolding.' - Federico Rubli Kaiser, Director of External Affairs, Bank of Mexico

Autorentext
CARLOS M. PELÁEZ is Managing Director of CMP Associates having received the Ph.D. and B.S., Phi Beta Kappa from Columbia University, USA. He has published books, essays and articles worldwide. He was Director of Banco Chase and of the Rio de Janeiro Association of Banks and Vice President of Chase Manhattan Bank.

CARLOS A. PELÁEZ is Managing Director of CMP Associates having received the A.B. in statistics from the University of Chicago, USA. He has published a book on globalization and an essay on the global electric industry.

Inhalt
Preface: Changes in International Financial System; A.Delfim Netto Foreword: International Official Institutions, Private Creditors and Investors; J.F.Gill Díaz Introductory Note; F.Rubli Kaiser Foreword Essay: Looking Forward: Some Vulnerable Points in the Global Economy; R.T.McCormack Risks of International Financial System G-7 and the New International Financial Architecture Surveillance by Official International Financial Community Private Sector Involvement in Crisis Resolution Choice of Exchange Rate Regime in New Architecture of International Financial System Basel Capital Accord, Core Principles of Banking Supervision, Standards and Codes Conclusion