The papers provide a
cutting-edge overview of general issues regarding world capital markets, experience in
developing countries and capital market regulation, which many economists believe could
turn into the number one topic in international business and economics.
Readership: Scholars and students of economics and finance
Table of Contents
Part 1: Introduction
1 John Eatwell and Lance
Taylor: Introduction
Part 2: Global Questions
2 John Eatwell and: A World
Financial Authority Lance Taylor
3 Jose: Recasting the
International Financial Agenda Antonio Ocampo
4 Financial Regulation in a
Liberalized Global EnvironmentJane D'Arista:
5 Capital Controls and the
World Financial Authority: What Can We Learn from the Indian Experience?Deepak:
Nayyar
6 International Capital
Mobility, Macroeconomic Imbalances, and the Risk of Global ContractionRobert:
Blecker
7 The Politics of Global
Financial Regulation: Lessons from the Fight Against Money LaunderingEric Helleiner:
Part 3: Issues in
Industrialized Economies
8 Financial Market
Liberalization and the Changing Character of Corporate GovernanceThorsten H. Block:
9 The Influence of the
Financial Media over International Economic PolicyJeff Madik:
Part 4: Developing and
Transition Economies
10 Capital Market
Liberalization and Economic Performance in Latin AmericaRoberto Frenkel:
11 FX Short Positions,
Balance Sheets, and Financial TurbulenceSalib N. Neftci:
12 The Three Routes to
Financial Crises: The Need for Capital ControlsGabriel Palma:
13 Ajit: "Asian
Capitalism" and the Financial Crisis Singh
14 The Triumph of the
Rentiers? The 1997 Korean Crisis in Historical PerspectiveHa-Joon Chang and
Cbul-Gyue Yoo:
15 Gabriel Palma: The
Magical Realism of Brazillian Economics: How to Create a Financial Crisis by Trying to
Avoid One
Part 5: Regulatory Questions
16 Synthetic Assets, Risk
Management, and ImperfectionsSalib N. Neftci:
17 The role of Derivatives
in the East Asian Financial CrisisRandall Dodd:
18 Philip: Procyclicality of
Regulatory Ratios?
Turner
482 pages