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This work offers a legal overview of various aspects of the reform debate concerning the institutional framework for economic co-operation, analyzing the proposed parameters of the new financial architecture, the legal infrastructure in emerging economies, and 21st century challenges.
List of contents
Preface. The Future of Global Financial Regulation and Supervision; W.P. Cooke. Foreword. The Interconnection of Trade and Monetary Organizations; J.H. Jackson. Part I: Introduction. 1. Pondering the Parameters of the `New International Financial Architecture': A Legal Perspective; J.J. Norton. 2. The Legal Architecture of Emerging Markets; J.W. Salacuse. 3. The Bretton Woods Institutions in the 21st Century; R.M. Lastra. Part II: The International Institutional Framework. 4. The Reform of the International Monetary Fund: Conditionality and Surveillance; F. Gianviti. 5. An International Financial Regulator?; H. Evans. 6. A New International Architecture and the Financial Stability Forum; G. Walker. 7. Regulatory Aspects: Globalisation, Harmonisation, Legal Transplants and Law Reform; L.A. Mistelis. 8. Stock Markets and the Globalization of Retirement Savings: Implications of Privatization of Government Pensions for Securities Regulators; R.S. Karmel. Part III: Liquidity Crises: Public and Private Sector Involvement. 9. Liquidity Crises; T.C. Baxter, J.H. Sommer. 10. A Lawyer's Perspective on the New Financial Architecture; L.C. Buchheit. 11. Promoting Stability in International Finance: Legislative and Regulatory Reform of Payment and Settlement Systems; B. Geva. 12. Ten Years of Economic Reforms in Russia: Windows in a Wall; C. Lang, S. Weber. Part IV: Regional Responses. 13. European Financial Regulation; P. Clarotti. 14. The ESCB and its Role in Banking Supervision; A. Sainz de Vicuna. 15. Implementation of International Standards: The EBRD's Approach to Strengthening Good Corporate Governance; N. Seiler. Index.