The Bankers' Blacklist

The Bankers' Blacklist
Author :
Publisher : Cornell University Press
Total Pages : 258
Release :
ISBN-10 : 9781501761522
ISBN-13 : 1501761528
Rating : 4/5 (528 Downloads)

Book Synopsis The Bankers' Blacklist by : Julia C. Morse

Download or read book The Bankers' Blacklist written by Julia C. Morse and published by Cornell University Press. This book was released on 2022-01-15 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: In The Banker's Blacklist, Julia C. Morse demonstrates how the Financial Action Task Force (FATF) has enlisted global banks in the effort to keep "bad money" out of the financial system, in the process drastically altering the domestic policy landscape and transforming banking worldwide. Trillions of dollars flow across borders through the banking system every day. While bank-to-bank transfers facilitate trade and investment, they also provide opportunities for criminals and terrorists to move money around the globe. To address this vulnerability, large economies work together through an international standard-setting body, the FATF, to shift laws and regulations on combating illicit financial flows. Morse examines how this international organization has achieved such impact, arguing that it relies on the power of unofficial market enforcement—a process whereby market actors punish countries that fail to meet international standards. The FATF produces a public noncomplier list, which banks around the world use to shift resources and services away from listed countries. As banks restrict cross-border lending, the domestic banking sector in listed countries advocates strongly for new laws and regulations, ultimately leading to deep and significant compliance improvements. The Bankers' Blacklist offers lessons about the peril and power of globalized finance, revealing new insights into how some of today's most pressing international cooperation challenges might be addressed.

The Bankers' Blacklist Related Books

The Bankers' Blacklist
Language: en
Pages: 258
Authors: Julia C. Morse
Categories: Political Science
Type: BOOK - Published: 2022-01-15 - Publisher: Cornell University Press

GET EBOOK

In The Banker's Blacklist, Julia C. Morse demonstrates how the Financial Action Task Force (FATF) has enlisted global banks in the effort to keep "bad money" ou
The Bankers' Blacklist
Language: en
Pages: 345
Authors: Julia C. Morse
Categories: Political Science
Type: BOOK - Published: 2022-01-15 - Publisher: Cornell University Press

GET EBOOK

In The Banker's Blacklist, Julia C. Morse demonstrates how the Financial Action Task Force (FATF) has enlisted global banks in the effort to keep "bad money" ou
Priests of Prosperity
Language: en
Pages: 311
Authors: Juliet Johnson
Categories: Political Science
Type: BOOK - Published: 2016-02-25 - Publisher: Cornell University Press

GET EBOOK

Priests of Prosperity explores the unsung revolutionary campaign to transform postcommunist central banks from command-economy cash cows into Western-style mone
Banking on Growth Models
Language: en
Pages: 306
Authors: Stephen Bell
Categories: Political Science
Type: BOOK - Published: 2022-05-15 - Publisher: Cornell University Press

GET EBOOK

Banking on Growth Models contends that China's rapid economic rise from the late 1970s to today has been built on and shaped by a highly politicized and ineffic
Who Elected the Bankers?
Language: en
Pages: 200
Authors: Louis W. Pauly
Categories: Political Science
Type: BOOK - Published: 2018-09-05 - Publisher: Cornell University Press

GET EBOOK

A former banker and staff member of the International Monetary Fund, Louis W. Pauly explains why people are deeply concerned about the emergence of a global eco