International Harmonization of Financial Regulation?

International Harmonization of Financial Regulation?
Author :
Publisher : Routledge
Total Pages : 228
Release :
ISBN-10 : 9781134500871
ISBN-13 : 1134500874
Rating : 4/5 (874 Downloads)

Book Synopsis International Harmonization of Financial Regulation? by : Hyoung-kyu Chey

Download or read book International Harmonization of Financial Regulation? written by Hyoung-kyu Chey and published by Routledge. This book was released on 2014-01-02 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is often argued that international financial regulation has been substantially strengthened over the past decades through the international harmonization of financial regulation. There are, however, still frequent outbreaks of painful financial crises, including the recent 2008 global financial crisis. This raises doubts about the conventional claims of the strengthening of international financial regulation. This book provides an in-depth political economy study of the adoptions in Japan, Korea and Taiwan of the 1988 Basel Capital Accord, the now so-called Basel I, which has been at the center of international banking regulation over the past three decades, highlighting the domestic politics surrounding it. The book illustrates that, despite banks’ formal compliance with the Accord in these countries, their compliance was often cosmetic due to extensive regulatory forbearance that allowed their real capital soundness to weaken. Domestic politics thus ultimately determined national implementations of the Accord. This book provides its novel innovative study of the Accord through scores of interviews with bank regulators and analysis of various primary documents. It suggests that the actual effectiveness of international financial regulation relies ultimately on the domestic politics surrounding it. It implies as well that the past trend of international harmonization of financial regulation may be illusory, to at least some extent, in terms of its actual effectiveness. This book may interest not only political economists but also scholars working on the intersection of law, economics and institutions.

International Harmonization of Financial Regulation? Related Books

International Harmonization of Financial Regulation?
Language: en
Pages: 228
Authors: Hyoung-kyu Chey
Categories: Business & Economics
Type: BOOK - Published: 2014-01-02 - Publisher: Routledge

GET EBOOK

It is often argued that international financial regulation has been substantially strengthened over the past decades through the international harmonization of
Banking On Basel
Language: en
Pages: 327
Authors: Daniel Tarullo
Categories: Business & Economics
Type: BOOK - Published: 2008-11-30 - Publisher: Columbia University Press

GET EBOOK

The turmoil in financial markets that resulted from the 2007 subprime mortgage crisis in the United States indicates the need to dramatically transform regulati
International Harmonization of Economic Regulation
Language: en
Pages: 409
Authors: Junji Nakagawa
Categories: Business & Economics
Type: BOOK - Published: 2011 - Publisher:

GET EBOOK

With the advancing globalization of the world economy, domestic economic regulations are becoming more and more subject to efforts at international harmonizatio
International Cooperation, Convergence and Harmonization of Pharmaceutical Regulations
Language: en
Pages: 377
Authors: Pierre-Louis Lezotre
Categories: Medical
Type: BOOK - Published: 2013-12-05 - Publisher: Academic Press

GET EBOOK

International Cooperation, Convergence and Harmonization of Pharmaceutical Regulations: A Global Perspective provides the current status of the complex and broa
The Politics of Accounting Regulation
Language: en
Pages: 233
Authors: Sebastian Botzem
Categories: Law
Type: BOOK - Published: 2012-01-01 - Publisher: Edward Elgar Publishing

GET EBOOK

'How and why do transnational regulatory bodies emerge? How do they acquire the authority and confidence to be actors in their own right? These questions preocc