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Financial Regulatory Harmonization and the Globalization of Finance Book PDF Summary

In the globalizing economy, national policymakers are often forced to accept the challenge of financial integration. Faced with the potentially destabilizing effects of international financial markets, they have to strengthen financial regulation, importing international best practices and aligning domestic with foreign regulation, to avoid destabilizing phenomena of regulatory arbitrage. Jordan and Majnoni explore the main features of the ongoing process of worldwide financial regulatory convergence and the role played by the global dissemination of financial standards and codes. They analyze the reasons behind the generalized acceptance of international best practices and the limits of the standards and codes approach to financial regulatory harmonization.This paper - a joint product of the Financial Sector Operations and Policy Department and the Cofinancing and Project Finance Group, Legal Vice Presidency - is part of a larger effort in the Bank to study the impact of financial regulation on economic development.

Detail Book of Financial Regulatory Harmonization and the Globalization of Finance PDF

Financial Regulatory Harmonization and the Globalization of Finance
  • Author : Cally Jordan
  • Release : 01 October 2024
  • Publisher : Unknown
  • ISBN : OCLC:1290704524
  • Genre : Uncategoriezed
  • Total Page : 27 pages
  • Language : English
  • PDF File Size : 13,9 Mb

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