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Global Governance of Financial Systems: The International Regulation of Systemic Risk

Kern Alexander, Rahul Dhumale, and John Eatwell

Abstract

This book sets forth the economic rationale for international financial regulation and what role, if any, international regulation can play in effectively managing systemic risk while providing accountability to all affected nations. The book suggests that a particular type of global governance structure is necessary to have more efficient regulation of the international financial systems. The book defines global governance of financial systems to involve three main principles: effectiveness in devising efficient regulatory standards and rules; accountability in decision-making structure and c ... More

Keywords: international financial regulation, risk, managing risk, accountability, governance structure, regulation, global financial systems

Bibliographic Information

Print publication date: 2005 Print ISBN-13: 9780195166989
Published to Oxford Scholarship Online: September 2007 DOI:10.1093/acprof:oso/9780195166989.001.0001

Authors

Affiliations are at time of print publication.

Kern Alexander, author
The Judge Institute, University of Cambridge
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Rahul Dhumale, author

John Eatwell, author
Queens College, Cambridge
Author Webpage