Turbulent waters: cross-border finance and international governance
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C.
Brookings Institution Press
2003
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | Includes bibliographical references (p. 461-479) and indexes |
| Beschreibung: | xvi, 503 p. ill. : 23 cm |
| ISBN: | 0815700717 0815700725 |
Internformat
MARC
| LEADER | 00000nam a2200000zc 4500 | ||
|---|---|---|---|
| 001 | BV014832344 | ||
| 003 | DE-604 | ||
| 005 | 20180305 | ||
| 007 | t | ||
| 008 | 021023s2003 xxua||| |||| 00||| eng d | ||
| 010 | |a 2002151830 | ||
| 020 | |a 0815700717 |9 0-8157-0071-7 | ||
| 020 | |a 0815700725 |9 0-8157-0072-5 | ||
| 035 | |a (OCoLC)50809234 | ||
| 035 | |a (DE-599)BVBBV014832344 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
| 041 | 0 | |a eng | |
| 044 | |a xxu |c US | ||
| 049 | |a DE-12 |a DE-N2 |a DE-355 |a DE-11 |a DE-473 | ||
| 050 | 0 | |a HG3891 | |
| 082 | 0 | |a 332/.042 |2 21 | |
| 084 | |a QM 350 |0 (DE-625)141784: |2 rvk | ||
| 100 | 1 | |a Bryant, Ralph C. |d 1938- |e Verfasser |0 (DE-588)131750089 |4 aut | |
| 245 | 1 | 0 | |a Turbulent waters |b cross-border finance and international governance |c Ralph C. Bryant |
| 264 | 1 | |a Washington, D.C. |b Brookings Institution Press |c 2003 | |
| 300 | |a xvi, 503 p. |b ill. : 23 cm | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 500 | |a Includes bibliographical references (p. 461-479) and indexes | ||
| 610 | 1 | 4 | |a Fonds monétaire international |
| 610 | 2 | 4 | |a International Monetary Fund |
| 650 | 4 | |a Finances internationales | |
| 650 | 4 | |a Mouvements de capitaux | |
| 650 | 4 | |a Capital movements | |
| 650 | 4 | |a International finance | |
| 650 | 0 | 7 | |a Kreditmarkt |0 (DE-588)4073788-3 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Internationale Verflechtung |0 (DE-588)4299722-7 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Global Governance |0 (DE-588)4698151-2 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Internationaler Kreditmarkt |0 (DE-588)4120506-6 |2 gnd |9 rswk-swf |
| 689 | 0 | 0 | |a Internationaler Kreditmarkt |0 (DE-588)4120506-6 |D s |
| 689 | 0 | 1 | |a Global Governance |0 (DE-588)4698151-2 |D s |
| 689 | 0 | |5 DE-604 | |
| 689 | 1 | 0 | |a Kreditmarkt |0 (DE-588)4073788-3 |D s |
| 689 | 1 | 1 | |a Internationale Verflechtung |0 (DE-588)4299722-7 |D s |
| 689 | 1 | |5 DE-604 | |
| 856 | 4 | 2 | |m HBZ Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010036494&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-010036494 | ||
Datensatz im Suchindex
| _version_ | 1804129603878387712 |
|---|---|
| adam_text | Contents
Foreword xiü
Acknowledgments xv
1 Introduction: Financial Turbulence
and Financial Governance 1
Financial Activity 3
Intermediate, Messy Globalization 4
International Collective Governance 6
Pragmatic Incrementalism 9
The Policy Dilemma for Individual Nations 11
Goals for the Book 12
Companion Volumes 15
A Road Map and How to Read the Book 16
2 Saving, Investment, and Financial Activity
in a Single Closed Economy 21
Basic Concepts: Investment, Saving, and Financial Activity 21
Basic Concepts: Financial Intermediation
and Financial Institutions 23
Characteristics and Advantages of Financial Activity 25
Differences among Financial Contracts 36
Sticky Capital and Skittish Capital; Voice versus Exit 43
Different Financial Institutions at Different
Stages of Development 44
Potential Problems within the Financial System 47
v
vi Contents
3 Collective Governancefor FinancialActivity 61
Collective Governance and Government 61
Market Failures and Government Failures 63
Essential Elements of Collective Governance
for Financial Activity 66
Management of Financial Storms 67
Prudential Oversight and Supporting Governance Systems
for Financial Activity 69
Macroeconomic Policies 73
Implementing Prudential Oversight 74
Moral Hazard: A Fundamental Observation 78
Storm Management: Further Issues 80
Which Institutions for Collective Governance? 93
4 Political Economy in a Multination, Intermediate World 97
Basic Structural Features of the World Polity 98
Increasing Pluralism and Diffusion of Power in the World Polity 99
Increasing Integration in the World Economy 106
The Economic Significance of National Borders 110
Collective Governance Problems with Cross Border Dimensions 113
Levels of Governance, Subsidiarity, and National Sovereignty 119
National Autonomy versus Openness to the Global Economy 124
Global Standards and a Level Playing Field 128
Prospering in an Intermediate, Multination World 130
5 The Progressive Internationalization ofFinance 132
National Reservoirs in an Increasingly Integrating World 132
Geographical Variations in World Financial Activity 134
An Empirical Overview of the Last Five Decades 135
Alternative Explanations for the Growing Linkages
of National Reservoirs 145
How Far Has Internationalization Progressed? 151
6 Analytical Issues in Cross Border Finance:
An Introduction 154
Potential Gains from Cross Border Financial Intermediation 154
Additional Uncertainties in a Multination World 159
Cross Border Capital Flows 165
Mishaps and Instability in Cross Border Finance 172
Contents vii
7 International Collective Governance 203
Governance and Government in a Multination World 206
Alternative Forms and Venues for Intergovernmental
Cooperation 208
Within Nation Government and Nascent Cross Border
Governmental Functions 222
Intergovernmental Cooperation on Financial Issues:
The Range of Conceivable Functions 236
Institutions Supporting Intergovernmental
Financial Cooperation 238
8 International Financial Architecture 244
Monitoring and Enforcing Traffic Regulations 246
Promoting Adjustment and Catalyzing Coordination
for Exchange Rates and Macroeconomic Policies 248
Lending Intermediation among National Governments:
General Considerations 251
Lending Intermediation and Surveillance by the IMF 256
Prudential Oversight of Financial Activity 259
Managing Financial Crises 263
Additional Roles for International Financial Governance 268
9 Prioritiesfor Architectural Reform:
Supranational Surveillance and IMF Lending 281
Supranational Surveillance 285
IMF Lending Intermediation 295
10 Priorities for Architectural Reform:
Prudential Financial Oversight, Crisis Management,
and the Mandate for the IMF 303
Prudential Oversight and Financial Standards 303
Management of Financial Crises 317
Specialization of International Collective Governance? 329
What Mandate for the IMF? 330
The IMF: Whose Institution? 340
11 Single Nation and Systemic Guidelines
for Cross Border Finance 343
Policy Choices for an Individual Nation 344
Capital Account and Prudential Oversight Policy Choices
for the World Community 367
viii Contents
12 A Perspective on Financial Activity
and Financial Turbulence 380
Benefits of Financial Intermediation 380
Financial Turbulence 381
Weighing Benefits and Hazards 382
Collective Governance for Financial Systems 383
Striking a Balance 384
Eschew Polar Views 385
A Middle Way: Steadfast Eclecticism 386
13 The Evolution of International Financial Governance 390
Collective Governance: Main Themes and Broad Principles 391
Politically Salient Dimensions of Architectural Reform 394
Political Support for International Governance 398
Governance Failures for International Organizations? 403
Halt Globalization or Shape Globalization? 410
Don t Ask Too Much Too Soon, But Don t Be Too Timid Either! 413
Appendix:
The IMF and Other International Financial Institutions 419
Consultative Groups Formed by National Governments 420
The International Monetary Fund 425
The Bank for International Settlements and Related Committees 440
Other Financial Groups and Organizations 444
GATT and the World Trade Organization 452
The Organization for Economic Cooperation and Development 453
The World Bank 455
Regional Development Banks 458
References 461
Index 481
Contents ix
Figures
5 1. Ratio of Nominal Exports of Goods to Nominal GDP for
All Industrial Nations, 1962 2001 136
5 2. Ratio of Nominal Trade in Goods and Services to Nominal GDP,
United States, 1945 2001 137
5 3. Nominal Output and Exports of Industrial Nations,
Cross Border Banking, and International Debt Securities,
1964 2001 138
5 4. Actual and Hypothetical Growth in Cross Border Bank Assets
and International Debt Securities Relative to the Nominal GDP
of Industrial Nations, 1964 2001 142
5 5. Gross Capital Flows in U.S. Balance of Payments
as Percent of Nominal GDP, 1960 2001 144
7 1. Alternative International Regime Environments:
Interactions among National Governments
and International Institutions 212
7 2. Interplay between Top Level Intermittent Decisions
and Lower Level Ongoing Cooperation 214
7 3. Within Nation Functions of Government Compared with Nascent
Govemmental Functions That Transcend National Borders 228
7 4. Functions of Institutions Supporting Intergovemmental Financial
Cooperation at the Beginning of the 2 Ist Century 240
Tables
4 1. Members and Quotas in the International Monetary Fund 104
5 1. Summary Indicators for Aggregate Output,
Cross Border Goods Trade, and Cross Border Finance,
Selected Years, 1964 2001 140
Box
8 1. Intergovemmental Cooperation on Financial Issues:
The Range of Conceivable Functions
(Elements of International Financial Architecture) 245
|
| any_adam_object | 1 |
| author | Bryant, Ralph C. 1938- |
| author_GND | (DE-588)131750089 |
| author_facet | Bryant, Ralph C. 1938- |
| author_role | aut |
| author_sort | Bryant, Ralph C. 1938- |
| author_variant | r c b rc rcb |
| building | Verbundindex |
| bvnumber | BV014832344 |
| callnumber-first | H - Social Science |
| callnumber-label | HG3891 |
| callnumber-raw | HG3891 |
| callnumber-search | HG3891 |
| callnumber-sort | HG 43891 |
| callnumber-subject | HG - Finance |
| classification_rvk | QM 350 |
| ctrlnum | (OCoLC)50809234 (DE-599)BVBBV014832344 |
| dewey-full | 332/.042 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332/.042 |
| dewey-search | 332/.042 |
| dewey-sort | 3332 242 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02139nam a2200541zc 4500</leader><controlfield tag="001">BV014832344</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20180305 </controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">021023s2003 xxua||| |||| 00||| eng d</controlfield><datafield tag="010" ind1=" " ind2=" "><subfield code="a">2002151830</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">0815700717</subfield><subfield code="9">0-8157-0071-7</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">0815700725</subfield><subfield code="9">0-8157-0072-5</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)50809234</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV014832344</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">xxu</subfield><subfield code="c">US</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-12</subfield><subfield code="a">DE-N2</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-11</subfield><subfield code="a">DE-473</subfield></datafield><datafield tag="050" ind1=" " ind2="0"><subfield code="a">HG3891</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">332/.042</subfield><subfield code="2">21</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QM 350</subfield><subfield code="0">(DE-625)141784:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Bryant, Ralph C.</subfield><subfield code="d">1938-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)131750089</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Turbulent waters</subfield><subfield code="b">cross-border finance and international governance</subfield><subfield code="c">Ralph C. Bryant</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, D.C.</subfield><subfield code="b">Brookings Institution Press</subfield><subfield code="c">2003</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">xvi, 503 p.</subfield><subfield code="b">ill. : 23 cm</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Includes bibliographical references (p. 461-479) and indexes</subfield></datafield><datafield tag="610" ind1="1" ind2="4"><subfield code="a">Fonds monétaire international</subfield></datafield><datafield tag="610" ind1="2" ind2="4"><subfield code="a">International Monetary Fund</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Finances internationales</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Mouvements de capitaux</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Capital movements</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">International finance</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Kreditmarkt</subfield><subfield code="0">(DE-588)4073788-3</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Internationale Verflechtung</subfield><subfield code="0">(DE-588)4299722-7</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Global Governance</subfield><subfield code="0">(DE-588)4698151-2</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Internationaler Kreditmarkt</subfield><subfield code="0">(DE-588)4120506-6</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Internationaler Kreditmarkt</subfield><subfield code="0">(DE-588)4120506-6</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Global Governance</subfield><subfield code="0">(DE-588)4698151-2</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="5">DE-604</subfield></datafield><datafield tag="689" ind1="1" ind2="0"><subfield code="a">Kreditmarkt</subfield><subfield code="0">(DE-588)4073788-3</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="1" ind2="1"><subfield code="a">Internationale Verflechtung</subfield><subfield code="0">(DE-588)4299722-7</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="1" ind2=" "><subfield code="5">DE-604</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">HBZ Datenaustausch</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010036494&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-010036494</subfield></datafield></record></collection> |
| id | DE-604.BV014832344 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T19:07:46Z |
| institution | BVB |
| isbn | 0815700717 0815700725 |
| language | English |
| lccn | 2002151830 |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-010036494 |
| oclc_num | 50809234 |
| open_access_boolean | |
| owner | DE-12 DE-N2 DE-355 DE-BY-UBR DE-11 DE-473 DE-BY-UBG |
| owner_facet | DE-12 DE-N2 DE-355 DE-BY-UBR DE-11 DE-473 DE-BY-UBG |
| physical | xvi, 503 p. ill. : 23 cm |
| publishDate | 2003 |
| publishDateSearch | 2003 |
| publishDateSort | 2003 |
| publisher | Brookings Institution Press |
| record_format | marc |
| spelling | Bryant, Ralph C. 1938- Verfasser (DE-588)131750089 aut Turbulent waters cross-border finance and international governance Ralph C. Bryant Washington, D.C. Brookings Institution Press 2003 xvi, 503 p. ill. : 23 cm txt rdacontent n rdamedia nc rdacarrier Includes bibliographical references (p. 461-479) and indexes Fonds monétaire international International Monetary Fund Finances internationales Mouvements de capitaux Capital movements International finance Kreditmarkt (DE-588)4073788-3 gnd rswk-swf Internationale Verflechtung (DE-588)4299722-7 gnd rswk-swf Global Governance (DE-588)4698151-2 gnd rswk-swf Internationaler Kreditmarkt (DE-588)4120506-6 gnd rswk-swf Internationaler Kreditmarkt (DE-588)4120506-6 s Global Governance (DE-588)4698151-2 s DE-604 Kreditmarkt (DE-588)4073788-3 s Internationale Verflechtung (DE-588)4299722-7 s HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010036494&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Bryant, Ralph C. 1938- Turbulent waters cross-border finance and international governance Fonds monétaire international International Monetary Fund Finances internationales Mouvements de capitaux Capital movements International finance Kreditmarkt (DE-588)4073788-3 gnd Internationale Verflechtung (DE-588)4299722-7 gnd Global Governance (DE-588)4698151-2 gnd Internationaler Kreditmarkt (DE-588)4120506-6 gnd |
| subject_GND | (DE-588)4073788-3 (DE-588)4299722-7 (DE-588)4698151-2 (DE-588)4120506-6 |
| title | Turbulent waters cross-border finance and international governance |
| title_auth | Turbulent waters cross-border finance and international governance |
| title_exact_search | Turbulent waters cross-border finance and international governance |
| title_full | Turbulent waters cross-border finance and international governance Ralph C. Bryant |
| title_fullStr | Turbulent waters cross-border finance and international governance Ralph C. Bryant |
| title_full_unstemmed | Turbulent waters cross-border finance and international governance Ralph C. Bryant |
| title_short | Turbulent waters |
| title_sort | turbulent waters cross border finance and international governance |
| title_sub | cross-border finance and international governance |
| topic | Fonds monétaire international International Monetary Fund Finances internationales Mouvements de capitaux Capital movements International finance Kreditmarkt (DE-588)4073788-3 gnd Internationale Verflechtung (DE-588)4299722-7 gnd Global Governance (DE-588)4698151-2 gnd Internationaler Kreditmarkt (DE-588)4120506-6 gnd |
| topic_facet | Fonds monétaire international International Monetary Fund Finances internationales Mouvements de capitaux Capital movements International finance Kreditmarkt Internationale Verflechtung Global Governance Internationaler Kreditmarkt |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010036494&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT bryantralphc turbulentwaterscrossborderfinanceandinternationalgovernance |