International Capital Markets: Systems in Transition

PART 1: INTRODUCTION; 1. Introduction; PART 2: GLOBAL QUESTIONS; 2. A World Financial Authority; 3. Recasting the International Financial Agenda; 4. Financial Regulation in a Liberalized Global Environment; 5. Capital Controls and the World Financial Authority: What Can We Learn from the Indian Experience?; 6. International Capital Mobility, Macroeconomic Imbalances, and the Risk of Global Contraction; 7. The Politics of Global Financial Regulation: Lessons from the Fight Against Money Laundering; PART 3: ISSUES IN INDUSTRIALIZED ECONOMIES; 8. Financial Market Liberalization and the Changing Character of Corporate Governance; 9. The Influence of the Financial Media over International Economic Policy; PART 4: DEVELOPING AND TRANSITION ECONOMIES; 10. Capital Market Liberalization and Economic Performance in Latin America; 11. FX Short Positions, Balance Sheets, and Financial Turbulence; 12. The Three Routes to Financial Crises: The Need for Capital Controls; 13. "Asian Capitalism" and the Financial Crisis; 14. The Triumph of the Rentiers? The 1997 Korean Crisis in Historical Perspective; 15. 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 Imperfections; 17. The role of Derivatives in the East Asian Financial Crisis; 18. Procyclicality of Regulatory Ratios?

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