Global Finance in Crisis

This highly accessible book brings together leading scholars to provide the first systematic analysis of the international regulatory response to the current global financial crisis. The volume examines the current changes in international financial regulation from the vantage point of the key powers in global finance including the US, the EU, Japan, and China. The authors also assess whether the flurry of ambitious initiatives to improve and strengthen international financial regulation signals an important turning point in the regulation of global finance.

ISBN 0415564387   Pages 216 ISBN13 9780415564380 (What's this?)   Weight (grammes) 340 Publisher Taylor & Francis Ltd   Published in London Imprint Routledge   Series title Routledge/Warwick Studies in Globalisation Format Paperback   Height (mm) 234 Publication date 27 Nov 2009   Width (mm) 156 DEWEY 332.042   Spine width (mm) 15 DEWEY edition DC22   Academic level Postgraduate

1		Introduction - Global Finance in Crisis: The Politics of International Regulatory Change by Eric Helleiner and Stefano Pagliari
Pt. 1		Issues and Structures
2		Regulatory Reactions to the Global Credit Crisis: Analysing a Policy Community under Stress by Eleni Tsingou
3		The Politics of Accounting Regulation: Responses to the Subprime Crisis by Andreas Nolke
4		Risk Models and Transnational Governance in the Global Financial Crisis: The Cases of Basel II and Credit Rating Agencies by Tony Porter
5		The End of Self-Regulation? Hedge Funds and Derivatives in Global Financial Governance by Eric Helleiner and Stefano Pagliari
Pt. 2		Countries and Regions
6		Uncertain Leadership: The U.S. Regulatory Response to the Global Financial Crisis by David Andrew Singer
7		Is a European Approach to Financial Regulation Emerging from the Crisis? by Elliot Posner
8		Varieties of Global Financial Governance? British and German Approaches to Financial Market Regulation by Hubert Zimmermann
9		Mission Accomplished, or a Sisyphean Task? Japan's Regulatory Responses to the Global Financial Crisis by Saori N. Katada
10		Chinese attitudes towards global financial regulatory cooperation: Revisionist or status quo? by Andrew Walter
11		Whither International Financial Regulation? by Hubert Zimmermann
		Bibliography
		Index

'How did we get to here? How did finance become so globalized, while those who regulate it became so fragmented? This excellent set of essays offers both an overview and a challenge to those interested in understanding the different institutions which regulate global finance. The contributors present the different corners of the world of financial regulation, including transnational networks, private sector arrangements, struggles of national interest, regional institutions and inter-governmental forums. The contributors sharply differ in how global finance will be transformed by the current crisis. Their differences give us a fascinating map to use in tracking current shifts in global financial regulation.' - Ngaire Woods, Professor of International Political Economy and Director of the Global Economic Governance Programme, University College, University of Oxford 'One of the lessons of the world financial crisis of 2007-9 is that the politics of international finance and its regulation was an oft-neglected subject. Yet the structure of contemporary financial regulation and its inevitable failure cannot be seen separately from the politics of finance. This superb volume amply makes up for previous neglect. It is cutting-edge, comprehensive and raises the critical questions. It is a must read for policy makers and students of international finance.' - Avinash Persaud, economic advisor, Chairman, Warwick Commission; Member of the UN Commission of Experts and the Pew Congressional Task Force

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