December 3, 2020

Download Ebook Free Handbook Of Safeguarding Global Financial Stability

Handbook of Safeguarding Global Financial Stability

Handbook of Safeguarding Global Financial Stability
Author : Gerard Caprio
Publisher : Academic Press
Release Date : 2012-09-01
Category : Business & Economics
Total pages :754
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Political and social forces exert pressure on our globalized economy in many forms, from formal and informal policies to financial theories and technical models. Our efforts to shape and direct these forces to preserve financial stability reveal much about the ways we perceive the financial economy. The Handbook of Safeguarding Global Financial Stability examines our political economy, particularly the ways in which these forces inhabit our institutions, strategies, and tactics. As economies expand and contract, these forces also determine the ways we supervise and regulate. This high-level examination of the global political economy includes articles about specific countries, crises, and international systems as well as broad articles about major concepts and trends.. Substantial articles by top scholars sets this volume apart from other information sources Diverse international perspectives result in new opportunities for analysis and research Rapidly developing subjects will interest readers well into the future

The Evidence and Impact of Financial Globalization

The Evidence and Impact of Financial Globalization
Author : Gerard Caprio
Publisher : Academic Press
Release Date : 2012
Category : Business & Economics
Total pages :781
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The sharp realities of financial globalization become clear during crises, when winners and losers emerge. Crises usher in short- and long-term changes to the status quo, and everyone agrees that learning from crises is a top priority. The Evidence and Impact of Financial Globalization devotes separate articles to specific crises, the conditions that cause them, and the longstanding arrangements devised to address them. While other books and journal articles treat these subjects in isolation, this volume presents a wide-ranging, consistent, yet varied specificity. Substantial, authoritative, and useful, these articles provide material unavailable elsewhere. Substantial articles by top scholars sets this volume apart from other information sources Rapidly developing subjects will interest readers well into the future Reader demand and lack of competitors underline the high value of these reference works

Understanding Financial Stability

Understanding Financial Stability
Author : Indranarain Ramlall
Publisher : Emerald Group Publishing
Release Date : 2018-12-14
Category : Business & Economics
Total pages :168
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Understanding Financial Stability undertakes an in-depth analysis of all the issues related to financial stability. It establishes a general framework for a holistic assessment of financial stability, provides a comprehensive analysis pertaining to the genesis of financial crises and offers key terms embodied in financial stability.

Banking Regulation in Israel

Banking Regulation in Israel
Author : Ruth Plato-Shinar
Publisher : Kluwer Law International B.V.
Release Date : 2016-09-15
Category : Law
Total pages :330
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In the aftermath of the 2008 global financial crisis, many governments are seeking ways to improve their banking regulation systems in the interests of both economic health and consumer protection. Among the globally competitive countries that withstood the crisis with no significant disruption, Israel stands out, suggesting that other countries might benefit from an in-depth analysis of its banking system. This is the first book in English to provide such an analysis, emphasizing the crucial balance between prudential regulation and conduct of business regulation, which in Israel are both regulated by the same agency, unlike the ‘Twin Peaks’ model that prevails in other market-based economies. With recommendations that are highly applicable to many countries, the book examines a broad range of issues that are of current concern to the banking community worldwide. Among these issues are the following: – the architecture of financial regulation; – nationalization and privatization of banks; – conflicts of interest in the banking system resulting from universal banking; – problems of concentration and lack of competitiveness in the banking system; – the growing power of institutional investors and their entry into traditional banking activities; – mechanisms for recovery and resolution in the event of a bank failure; – new models of banking regulation, such as self-regulation and contractual regulation; and – bank consumer protection, complaint handling and redress. Even though the book focuses on Israeli banking regulation, its detailed attention to the development of a suitable supervisory model is of immeasurable international value for regulators, lawyers, bankers, academics, and business people who are in any way connected to the banking world; particularly following the 2008 crisis and its devastating effects. It is sure to be of service as many jurisdictions continue to search for optimal tools designed to prevent another such crisis.

Handbook of Key Global Financial Markets, Institutions, and Infrastructure

Handbook of Key Global Financial Markets, Institutions, and Infrastructure
Author : Anonim
Publisher : Academic Press
Release Date : 2012-12-17
Category : Business & Economics
Total pages :634
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Understanding twenty-first century global financial integration requires a two-part background. The Handbook of Key Global Financial Markets, Institutions, and Infrastructure begins its description of how we created a financially-intergrated world by first examining the history of financial globalization, from Roman practices and Ottoman finance to Chinese standards, the beginnings of corporate practices, and the advent of efforts to safeguard financial stability. It then describes the architecture itself by analyzing its parts, such as markets, institutions, and infrastructure. The contributions of sovereign funds, auditing regulation, loan markets, property rights, compensation practices, Islamic finance, and others to the global architecture are closely examined. For those seeking substantial, authoritative descriptions and summaries, this volume will replace books, journals, and other information sources with a single, easy-to-use reference work. Substantial articles by top scholars sets this volume apart from other information sources Diverse international perspectives result in new opportunities for analysis and research Rapidly developing subjects will interest readers well into the future

The G-20 Summit at Five

The G-20 Summit at Five
Author : Kemal Dervis,Peter Drysdale
Publisher : Brookings Institution Press
Release Date : 2014-07-18
Category : Business & Economics
Total pages :302
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Can the G-20 become a steering committee for the world's economy? Launched at a moment of panic triggered by the financial crisis in late 2008, the leaders' level G-20 is trying to evolve from crisis committee for the world economy to a real steering group facilitating international economic cooperation. What can and should such a "steering committee" focus on? How important could the concrete gains from cooperation be? How much faster could world growth be? Is there sufficient legitimacy in the G-20 process? How does the G-20 relate to the IMF and the World Bank? How can Australia in 2015, and then Turkey in 2016, chair the process so as to encourage strategic leadership? The East Asian Bureau of Economic Research in the Crawford School of Public Policy at the Australian National University and the Global Economy and Development program at the Brookings Institution joined forces in putting together this volume and asked opinion leaders and policymakers from G-20 countries to provide their independent perspectives. Contributors include Colin Bradford (Brookings), Peter Drysdale (Australian National University), Kemal Dervis (Brookings), Andrew Elek (Australian National University), Ross Garnaut (University of Melbourne), Huang Yiping (China Center for Economic Research), Bruce Jones (Brookings), Muneesh Kapur (IMF), Homi Kharas (Brookings), Wonhyuk Lim (Korea Development Institute), Rakesh Mohan (IMF), David Nellor (consultant, Indonesia), Yoshio Okubo (Japan Securities Dealers Association), Mari Pangestu (Republic of Indonesia), Changyong Rhee (former Asian Development Bank), Alok Sheel (Government of India), Mahendra Siregar (Republic of Indonesia), Paola Subacchi (Chatham House, London), Carlos Vegh (Brookings), Guillermo Vuletin (Brookings), and Maria Monica Wihardja (World Bank).

Public Policy in International Economic Law

Public Policy in International Economic Law
Author : Diane Desierto
Publisher : OUP Oxford
Release Date : 2015-02-19
Category : Law
Total pages :432
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States reject inequality when they choose to ratify the International Covenant on Economic, Social and Cultural Rights (ICESCR), but to date the ICESCR has not yet figured prominently in the policy calculus behind States' international economic decisions. This book responds to the modern challenge of operationalizing the ICESCR, particularly in the context of States' decisions within international trade, finance, and investment. Differentiating between public policy mechanisms and institutional functional mandates in the international trade, finance, and investment systems, this book shows legal and policy gateways for States to feasibly translate their fundamental duties to respect, protect, and fulfil economic, social and cultural rights into their trade, finance, and investment commitments, agreements, and contracts. It approaches the problem of harmonizing social protection objectives under the ICESCR with a State's international economic treaty obligations, from the designing and interpreting international treaty texts, up to the institutional monitoring and empirical analysis of ICESCR compliance. In examining public policy options, the book takes into account around five decades of States' implementation of social protection commitments under the ICESCR; its normative evolution through the UN Committee on Economic, Social and Cultural Rights, and the Committee's expanded fact-finding and adjudicative competences under the Optional Protocol to the ICESCR; as well as the critical, dialectical, and deliberative roles of diverse functional interpretive communities within international trade, finance, and investment law. Ultimately, the book shoes how States' ICESCR commitments operate as the normative foundation of their trade, finance, and investment decisions.

Responsibility of Central Banks for Stability in Financial Markets

Responsibility of Central Banks for Stability in Financial Markets
Author : Garry J. Schinasi
Publisher : International Monetary Fund
Release Date : 2003-06
Category : Banks and banking, Central
Total pages :17
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What is the role of central banks in ensuring financial stability? This paper addresses this controversial subject, in part by drawing on the experiences in Europe, Japan, and the United States, and by examining four questions. What is meant by financial stability? Do central banks have a natural role in ensuring financial stability? What does a central bank need to execute this role effectively? How far have central banks actually gone in safeguarding financial stability? The experience drawn on in the paper suggest that central banks: have a natural role to play; at times may require supervisory information to execute this natural role; and have incurred risks to their balance sheets to ensure financial stability.

Cross-border Banking in Europe

Cross-border Banking in Europe
Author : Franklin Allen
Publisher : CEPR
Release Date : 2011
Category : Banks and banking
Total pages :119
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This report argues that policy reforms in micro- and macro-prudential regulation and macroeconomic policies are needed for Europe to reap the important diversification and efficiency benefits from cross-border banking, while reducing the risks stemming from large cross-border banks.Available online as pdf at: http: //www.cepr.org/pubs/books/CEPR/cross-border_banking.pd

Growth at Risk: Concept and Application in IMF Country Surveillance

Growth at Risk: Concept and Application in IMF Country Surveillance
Author : Mr.Ananthakrishnan Prasad,Selim Elekdag,Mr.Phakawa Jeasakul,Romain Lafarguette,Mr.Adrian Alter,Alan Xiaochen Feng,Changchun Wang
Publisher : International Monetary Fund
Release Date : 2019-02-21
Category : Business & Economics
Total pages :39
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The growth-at-risk (GaR) framework links current macrofinancial conditions to the distribution of future growth. Its main strength is its ability to assess the entire distribution of future GDP growth (in contrast to point forecasts), quantify macrofinancial risks in terms of growth, and monitor the evolution of risks to economic activity over time. By using GaR analysis, policymakers can quantify the likelihood of risk scenarios, which would serve as a basis for preemptive action. This paper offers practical guidance on how to conduct GaR analysis and draws lessons from country case studies. It also discusses an Excel-based GaR tool developed to support the IMF’s bilateral surveillance efforts.

Resolution of Banking Crises

Resolution of Banking Crises
Author : Mr. Luc Laeven,Fabian Valencia
Publisher : International Monetary Fund
Release Date : 2010-06-01
Category : Business & Economics
Total pages :35
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This paper presents a new database of systemic banking crises for the period 1970-2009. While there are many commonalities between recent and past crises, both in terms of underlying causes and policy responses, there are some important differences in terms of the scale and scope of interventions. Direct fiscal costs to support the financial sector were smaller this time as a consequence of swift policy action and significant indirect support from expansionary monetary and fiscal policy, the widespread use of guarantees on liabilities, and direct purchases of assets. While these policies have reduced the real impact of the current crisis, they have increased the burden of public debt and the size of government contingent liabilities, raising concerns about fiscal sustainability in some countries.

The Everyday Life of Global Finance

The Everyday Life of Global Finance
Author : Paul Langley
Publisher : Oxford University Press
Release Date : 2008-05-08
Category : Business & Economics
Total pages :298
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In the US and UK, saving and borrowing routines have changed radically and become closely bound-up with the capital markets of global finance. As mutual funds have increased in popularity and pension provision has been transformed, many more individuals and households have come to invest in stocks and shares. As consumer borrowing has risen dramatically and mortgage finance has been extended to those deemed sub-prime, so the repayments of credit card holders and mortgagors have provided the basis for the issue and trading of bonds and other market instruments. The Everyday Life of Global Finance explores the unprecedented relationships that now bind society and the markets, challenging the dominant tendency to simply position recent developments in Wall Street and the City of London at the centre of contemporary finance. Grounded in literature from the sociology of finance and international political economy, drawing on the social theory of Callon, Foucault, and Latour, andinformed by extensive empirical research, the book shows how global finance has become mundane and ordinary in Anglo-America. Finance is not 'out there somewhere', but is embedded in the calculative technologies and performances of reconfigured saving and borrowing networks, and is embodied through the assembly of everyday financial identities and self-disciplines. Society's new-found relationships with the financial markets are also shown, however, to be marked by stark inequalities, manifestcontradictions, and political dissent. The Everyday Life of Global Finance is thus an ambitious and innovative contribution to our understanding of the contemporary financial world.

Challenges to European Welfare Systems

Challenges to European Welfare Systems
Author : Klaus Schubert,Paloma de Villota,Johanna Kuhlmann
Publisher : Springer
Release Date : 2016-02-08
Category : Political Science
Total pages :863
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This book provides the first comprehensive analyses of the challenges all European welfare systems have been facing since 2007, combining in-depth country-based studies and comparative chapters. It focuses on: 1) the economic and financial crisis, 2) demographic change, and 3) the balance between avoiding risks and opening up opportunities in social policy. The results show that European welfare systems tend to face the same challenges in different ways and that also their responses to those challenges differ considerably. Although the EU also plays a part in shaping national welfare systems, it becomes evident that European welfare systems are by no means converging: in terms of social policy, national diversity within Europe is still a major factor that will shape future developments in European welfare systems.

Safeguarding Financial Stability: Theory and Practice

Safeguarding Financial Stability: Theory and Practice
Author : Garry J. Schinasi,Daniel Schinasi,Medzinárodný menový fond,International Monetary Fund Staff
Publisher : International Monetary Fund
Release Date : 2006
Category : Business & Economics
Total pages :311
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How is finance related to economic processes, and why should it be viewed as a public good requiring policy action? This book provides an answer. The book develops a practical framework for safeguarding financial stability, which encompasses both prevention and resolution of problems. It also examines on-going and future challenges to financial stability posed by globalization, a growing reliance on derivatives and their markets, and the capital market activities of insurers and reinsurers.

Migration and Remittances During the Global Financial Crisis and Beyond

Migration and Remittances During the Global Financial Crisis and Beyond
Author : Ibrahim Sirkeci,Jeffrey H. Cohen,Dilip Ratha
Publisher : World Bank Publications
Release Date : 2012-05-30
Category : Business & Economics
Total pages :437
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The financial crisis of 2008 started with the collapse of the financial sector in the United States and Western Europe, then quickly spread to countries around the globe. At a time when migrants travel from south to north and east to west (as well as south to south), it was critical to ask what the impact of the crisis was and is, not just for developing countries, but for the migrants who hail from them. For many developing countries, migrant remittances were and are central to economic well-being - not just for the nation, but for its citizens as well. Understanding the impact of the crisis on global markets, developing nations, and the practices of their migrant communities drives this study. Migration and Remittances during the Global Financial Crisis and Beyond explores several important topics including how the crisis impacted remittance practices globally and how migrants adjusted to meet the challenge of the resulting recession. The authors show how, in most cases, remittances did not drop as quickly or precipitously as did other economic indicators. Migrants from around the globe faced the challenges of the crisis and strategically responded, rethinking their roles, work, and remittances practices. Most important, the authors document that migrants did not and do not drain resources from struggling national economies. Instead, migrants and their remittances are central to the economic health of the households and countries from which they have come.