This textbook provides comprehensive coverage of international finance, considering the subject from legal, regulatory, policy, and transactional perspectives. The introductory chapter begins with core legal and economic concepts, followed by an overview of major financial market and policy institutions, and the problem of systemic risk, which has increasingly animated financial regulation. Chapter 2 anchors the remainder of the book in the analysis of two financial and economic crises: the 2007-2009 global financial crisis ...
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This textbook provides comprehensive coverage of international finance, considering the subject from legal, regulatory, policy, and transactional perspectives. The introductory chapter begins with core legal and economic concepts, followed by an overview of major financial market and policy institutions, and the problem of systemic risk, which has increasingly animated financial regulation. Chapter 2 anchors the remainder of the book in the analysis of two financial and economic crises: the 2007-2009 global financial crisis and the COVID-19 pandemic that began in 2020. Many of the regulatory policies and market adaptation episodes discussed in the book responded to the financial crisis, or, more recently, to the post-crisis reforms. The material on the economic and financial fallout from the COVID-19 pandemic and the policy response, updated through early 2022, begins with the U.S. experience, and includes substantial additional coverage of Europe and Asia. Discussion of the pandemic's impact and response highlights major changes in the role of government in the economy and the role of central banks as lenders of last resort. After the first two chapters, the book is organized in five parts. Part One deals with the international aspects of banking and securities markets in major financial centers. It covers sweeping reforms in response to the global financial crisis of 2007-2009 and the Eurozone crisis that followed, the push for regulatory relief in the United States and elsewhere in 2017-2020, and market developments against the background of the pandemic and tightening regulation in 2021-2022. Chapters 5 and 6 analyze the latest developments in the European Union's ambitious institutional redesign program, including the European Banking Union, as well as the United Kingdom's exit from the European Union, and its implications for the United Kingdom, Europe, and the rest of the world. An overview of the Japanese financial system, updated to reflect post-crisis reforms, concludes Part One. Part Two considers the infrastructure of global financial markets, including payment, clearing and settlement systems, foreign exchange regimes, and international coordination of capital and liquidity requirements. Capital and liquidity standards, coordinated under the auspices of the Basel Committee on Banking Supervision, are key to government efforts to control systemic risk. Chapter 8 includes in-depth coverage of tightening capital and liquidity regulations after the 2007-2009 crisis, and their gradual relaxation since 2017-a trend that has continued in response to COVID-19. Chapter 10 on payment systems briefly notes the developments in financial sanctions following Russia's invasion of Ukraine; however, most of the new material on sanctions is in Part Five. In this edition, the discussion of digital payments and crypto currencies is consolidated in a new chapter on financial technology, also in Part Five. Part Three surveys major market instruments, including securitization and derivatives contracts, and the latest developments in the asset management industry and its regulation. Chapter 16 highlights the differences in U.S. and European approaches to derivatives regulation. The asset management material in Chapter 17 builds on our discussion of securities markets in Part One. Among other topics, this edition examines the market and governance implications of the rise of index funds, and money market fund performance during the COVID-19 pandemic. Part Four focuses on the emerging markets, and covers project finance, debt crises, and international financial institutions charged with crisis response and development finance. This edition covers a wide range of recent developments, including debt distress in the wake of the COVID-19 shock, the rise of new creditors from Russia and China, new efforts at multilateral coordination of sovereign debt restructuring, crises and defaults in Venezuela and Ukraine, as well as key lessons from Argen
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Good. Good condition. A copy that has been read but remains intact. May contain markings such as bookplates, stamps, limited notes and highlighting, or a few light stains. Bundled media such as CDs, DVDs, floppy disks or access codes may not be included. NOT AVAILABLE FOR SHIPMENT OUTSIDE OF THE UNITED STATES.
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Very Good. 1647084105. This book is in very good condition; no remainder marks. It does have some cover shelfwear. Inside pages are clean.; University Casebook Series; 261 X 57 X 203 millimeters; 1524 pages.
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Good. University Casebook Series . Intended for professional and scholarly audience. May show signs of wear, highlighting, writing, and previous use. This item may be a former library book with typical markings. No guarantee on products that contain supplements Your satisfaction is 100% guaranteed. Twenty-five year bookseller with shipments to over fifty million happy customers.
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Good. Ships in a BOX from Central Missouri! May not include working access code. Will not include dust jacket. Has used sticker(s) and some writing or highlighting. UPS shipping for most packages, (Priority Mail for AK/HI/APO/PO Boxes).
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Good. University Casebook Series . Intended for professional and scholarly audience. May show signs of wear, highlighting, writing, and previous use. This item may be a former library book with typical markings. No guarantee on products that contain supplements Your satisfaction is 100% guaranteed. Twenty-five year bookseller with shipments to over fifty million happy customers.
