Current legal issues affecting central banks.: Volume 4 /
In recent years, traditional central banks, with decades or even centuries of experience behind them, have been confronted with entirely new worlds. Some of these worlds are the results of innovations that have grown out of the new technology of the computer. Examples of such innovations that are di...
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Zusammenfassung: | In recent years, traditional central banks, with decades or even centuries of experience behind them, have been confronted with entirely new worlds. Some of these worlds are the results of innovations that have grown out of the new technology of the computer. Examples of such innovations that are discussed in this volume include derivatives and products of securitization. Derivatives, lacking intrinsic value of their own, derive value from some external source, for example, a moving index of securities. Securitizations, in hypermodern forms, can give rise to such exotics of stripping interest payments over the life of a security from principal payments and issuing two or more series of securities, perhaps with different maturities, the value of which together may represent the original security from which they were drawn. Other worlds are the results of intraregional consolidation, such as recent developments in the European Community and the creation of the North American Free Trade Agreement (NAFTA). While certain chapters in this volume focus on some of these new worlds of finance, others hark bank to some of the traditional considerations associated with central banks. Can the traditional central bank deal with the explosion of worlds before it? In this introduction, attention is first directed to some basic aspects of the central bank. |
Beschreibung: | 1 online resource |
ISBN: | 9781455263820 1455263826 |
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520 | 0 | |a In recent years, traditional central banks, with decades or even centuries of experience behind them, have been confronted with entirely new worlds. Some of these worlds are the results of innovations that have grown out of the new technology of the computer. Examples of such innovations that are discussed in this volume include derivatives and products of securitization. Derivatives, lacking intrinsic value of their own, derive value from some external source, for example, a moving index of securities. Securitizations, in hypermodern forms, can give rise to such exotics of stripping interest payments over the life of a security from principal payments and issuing two or more series of securities, perhaps with different maturities, the value of which together may represent the original security from which they were drawn. Other worlds are the results of intraregional consolidation, such as recent developments in the European Community and the creation of the North American Free Trade Agreement (NAFTA). | |
520 | 0 | |a While certain chapters in this volume focus on some of these new worlds of finance, others hark bank to some of the traditional considerations associated with central banks. Can the traditional central bank deal with the explosion of worlds before it? In this introduction, attention is first directed to some basic aspects of the central bank. | |
588 | 0 | |a Print version record. | |
505 | 0 | |a Contents -- Introduction -- DEVELOPMENTS AT INTERNATIONAL FINANCIAL INSTITUTIONS -- 1 Developments at the International Monetary Fund -- 1A. Some Specific Legal Features of the International Monetary Fund -- 1B. The Relationship Between the International Monetary Fund and the United Nations -- 1C. Issues Regarding the Special Drawing Right of the International Monetary Fund -- 2 Developments at the International Bank for Reconstruction and Development: The Restructuring of the Global Environment Facility -- 3 Developments at the International Finance Corporation | |
505 | 8 | |a Comment (on Chapters 2 and 3)4 The First Three Years of the European Bank for Reconstruction and Development: Legal Issues and Solutions -- Comment -- REGIONAL DEVELOPMENTS AFFECTING CENTRAL BANKS -- 5 European Monetary Union and the European System of Central Banks -- Comment -- 6 The European Community's Second Banking Directive -- 7 Banking Law Developments in the European Union: Deposit Insurance and Money-Laundering Initiatives -- Comment (on Chapters 6 and 7) -- 8 GATT and Its Effect on Banking Services -- Comment | |
505 | 8 | |a 9 The Implications of NAFTA for Central BanksComment -- 10 Banking Law Developments in Latin America -- Comment -- COUNTRY-SPECIFIC DEVELOPMENTS AFFECTING CENTRAL BANKS -- 11 U.S. Banking Regulation Roundtable -- 11A. Report from the Board of Governors of the Federal Reserve System: Establishing Foreign Bank Offices in the United States -- 11B. Report from the Federal Deposit Insurance Corporation: National Deposit Insurance Has Worked to Promote Banking Stability -- 11C. Report from the Office of the Comptroller of the Currency: The Future of Bank Supervision | |
505 | 8 | |a 11D. Report from the Office of Thrift SupervisionComment -- 12 Banking Reform in the United States -- Comment -- 13 Banking Law Developments in the United Kingdom -- 14 Banking Law Developments in Canada -- Comment (on Chapters 13 and 14) -- 15 Banking Law Developments in the Former Soviet Union -- Comment -- 16 Banking Law Reform in China -- Comment -- TOPICS OF SPECIAL INTEREST AFFECTING CENTRAL BANKS -- 17 Banking Supervision Around the World -- 17A. The Role of the Central Bank -- 17B. Bank Supervision in the G-7 Countries -- Comment | |
505 | 8 | |a 18 Who Should Be the Banking Supervisors?18A. Some General Considerations -- 18B. A German Perspective -- 18C. A Swedish Perspective -- 18D. French Banking Supervision -- Comment -- 19 BCCI: The Lessons for Banking Supervision -- Comment -- 20 The Role of Deposit Insurance: Financial System Stability and Moral Hazard -- Comment -- 21 Bankruptcy: Policy, Law, and Strategy -- 21A. Bankruptcy Policies, Restructuring, and Economic Efficiency -- 21B. An Explanation of, and Guide to, Business Reorganizations Under Chapter 11 of the U.S. Bankruptcy Code | |
650 | 0 | |a Banks and banking, Central |x Law and legislation |v Congresses. | |
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700 | 1 | |a Effros, Robert C. |0 http://id.loc.gov/authorities/names/n83013781 | |
710 | 2 | |a International Monetary Fund. |b Legal Department. |0 http://id.loc.gov/authorities/names/n92048452 | |
710 | 2 | |a IMF Institute. |0 http://id.loc.gov/authorities/names/n81065613 | |
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contents | Contents -- Introduction -- DEVELOPMENTS AT INTERNATIONAL FINANCIAL INSTITUTIONS -- 1 Developments at the International Monetary Fund -- 1A. Some Specific Legal Features of the International Monetary Fund -- 1B. The Relationship Between the International Monetary Fund and the United Nations -- 1C. Issues Regarding the Special Drawing Right of the International Monetary Fund -- 2 Developments at the International Bank for Reconstruction and Development: The Restructuring of the Global Environment Facility -- 3 Developments at the International Finance Corporation Comment (on Chapters 2 and 3)4 The First Three Years of the European Bank for Reconstruction and Development: Legal Issues and Solutions -- Comment -- REGIONAL DEVELOPMENTS AFFECTING CENTRAL BANKS -- 5 European Monetary Union and the European System of Central Banks -- Comment -- 6 The European Community's Second Banking Directive -- 7 Banking Law Developments in the European Union: Deposit Insurance and Money-Laundering Initiatives -- Comment (on Chapters 6 and 7) -- 8 GATT and Its Effect on Banking Services -- Comment 9 The Implications of NAFTA for Central BanksComment -- 10 Banking Law Developments in Latin America -- Comment -- COUNTRY-SPECIFIC DEVELOPMENTS AFFECTING CENTRAL BANKS -- 11 U.S. Banking Regulation Roundtable -- 11A. Report from the Board of Governors of the Federal Reserve System: Establishing Foreign Bank Offices in the United States -- 11B. Report from the Federal Deposit Insurance Corporation: National Deposit Insurance Has Worked to Promote Banking Stability -- 11C. Report from the Office of the Comptroller of the Currency: The Future of Bank Supervision 11D. Report from the Office of Thrift SupervisionComment -- 12 Banking Reform in the United States -- Comment -- 13 Banking Law Developments in the United Kingdom -- 14 Banking Law Developments in Canada -- Comment (on Chapters 13 and 14) -- 15 Banking Law Developments in the Former Soviet Union -- Comment -- 16 Banking Law Reform in China -- Comment -- TOPICS OF SPECIAL INTEREST AFFECTING CENTRAL BANKS -- 17 Banking Supervision Around the World -- 17A. The Role of the Central Bank -- 17B. Bank Supervision in the G-7 Countries -- Comment 18 Who Should Be the Banking Supervisors?18A. Some General Considerations -- 18B. A German Perspective -- 18C. A Swedish Perspective -- 18D. French Banking Supervision -- Comment -- 19 BCCI: The Lessons for Banking Supervision -- Comment -- 20 The Role of Deposit Insurance: Financial System Stability and Moral Hazard -- Comment -- 21 Bankruptcy: Policy, Law, and Strategy -- 21A. Bankruptcy Policies, Restructuring, and Economic Efficiency -- 21B. An Explanation of, and Guide to, Business Reorganizations Under Chapter 11 of the U.S. Bankruptcy Code |
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spelling | Current legal issues affecting central banks. Volume 4 / edited by Robert C. Effros. Washington, D.C : International Monetary Fund, ©1997. 1 online resource text txt rdacontent computer c rdamedia online resource cr rdacarrier In recent years, traditional central banks, with decades or even centuries of experience behind them, have been confronted with entirely new worlds. Some of these worlds are the results of innovations that have grown out of the new technology of the computer. Examples of such innovations that are discussed in this volume include derivatives and products of securitization. Derivatives, lacking intrinsic value of their own, derive value from some external source, for example, a moving index of securities. Securitizations, in hypermodern forms, can give rise to such exotics of stripping interest payments over the life of a security from principal payments and issuing two or more series of securities, perhaps with different maturities, the value of which together may represent the original security from which they were drawn. Other worlds are the results of intraregional consolidation, such as recent developments in the European Community and the creation of the North American Free Trade Agreement (NAFTA). While certain chapters in this volume focus on some of these new worlds of finance, others hark bank to some of the traditional considerations associated with central banks. Can the traditional central bank deal with the explosion of worlds before it? In this introduction, attention is first directed to some basic aspects of the central bank. Print version record. Contents -- Introduction -- DEVELOPMENTS AT INTERNATIONAL FINANCIAL INSTITUTIONS -- 1 Developments at the International Monetary Fund -- 1A. Some Specific Legal Features of the International Monetary Fund -- 1B. The Relationship Between the International Monetary Fund and the United Nations -- 1C. Issues Regarding the Special Drawing Right of the International Monetary Fund -- 2 Developments at the International Bank for Reconstruction and Development: The Restructuring of the Global Environment Facility -- 3 Developments at the International Finance Corporation Comment (on Chapters 2 and 3)4 The First Three Years of the European Bank for Reconstruction and Development: Legal Issues and Solutions -- Comment -- REGIONAL DEVELOPMENTS AFFECTING CENTRAL BANKS -- 5 European Monetary Union and the European System of Central Banks -- Comment -- 6 The European Community's Second Banking Directive -- 7 Banking Law Developments in the European Union: Deposit Insurance and Money-Laundering Initiatives -- Comment (on Chapters 6 and 7) -- 8 GATT and Its Effect on Banking Services -- Comment 9 The Implications of NAFTA for Central BanksComment -- 10 Banking Law Developments in Latin America -- Comment -- COUNTRY-SPECIFIC DEVELOPMENTS AFFECTING CENTRAL BANKS -- 11 U.S. Banking Regulation Roundtable -- 11A. Report from the Board of Governors of the Federal Reserve System: Establishing Foreign Bank Offices in the United States -- 11B. Report from the Federal Deposit Insurance Corporation: National Deposit Insurance Has Worked to Promote Banking Stability -- 11C. Report from the Office of the Comptroller of the Currency: The Future of Bank Supervision 11D. Report from the Office of Thrift SupervisionComment -- 12 Banking Reform in the United States -- Comment -- 13 Banking Law Developments in the United Kingdom -- 14 Banking Law Developments in Canada -- Comment (on Chapters 13 and 14) -- 15 Banking Law Developments in the Former Soviet Union -- Comment -- 16 Banking Law Reform in China -- Comment -- TOPICS OF SPECIAL INTEREST AFFECTING CENTRAL BANKS -- 17 Banking Supervision Around the World -- 17A. The Role of the Central Bank -- 17B. Bank Supervision in the G-7 Countries -- Comment 18 Who Should Be the Banking Supervisors?18A. Some General Considerations -- 18B. A German Perspective -- 18C. A Swedish Perspective -- 18D. French Banking Supervision -- Comment -- 19 BCCI: The Lessons for Banking Supervision -- Comment -- 20 The Role of Deposit Insurance: Financial System Stability and Moral Hazard -- Comment -- 21 Bankruptcy: Policy, Law, and Strategy -- 21A. Bankruptcy Policies, Restructuring, and Economic Efficiency -- 21B. An Explanation of, and Guide to, Business Reorganizations Under Chapter 11 of the U.S. Bankruptcy Code Banks and banking, Central Law and legislation Congresses. Banking law Congresses. LAW Banking. bisacsh Banking law fast Banks and banking, Central Law and legislation fast Conference papers and proceedings fast Effros, Robert C. http://id.loc.gov/authorities/names/n83013781 International Monetary Fund. Legal Department. http://id.loc.gov/authorities/names/n92048452 IMF Institute. http://id.loc.gov/authorities/names/n81065613 has work: Vol. 4 Current legal issues affecting central banks (Text) https://id.oclc.org/worldcat/entity/E39PCH9kr3pbYk6hgfXp4JvDVP https://id.oclc.org/worldcat/ontology/hasWork Print version: Current legal issues affecting central banks. Vol. 4. Washington, D.C : International Monetary Fund, ©1997- 1557755035 (OCoLC)263106538 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=449456 Volltext |
spellingShingle | Current legal issues affecting central banks. Contents -- Introduction -- DEVELOPMENTS AT INTERNATIONAL FINANCIAL INSTITUTIONS -- 1 Developments at the International Monetary Fund -- 1A. Some Specific Legal Features of the International Monetary Fund -- 1B. The Relationship Between the International Monetary Fund and the United Nations -- 1C. Issues Regarding the Special Drawing Right of the International Monetary Fund -- 2 Developments at the International Bank for Reconstruction and Development: The Restructuring of the Global Environment Facility -- 3 Developments at the International Finance Corporation Comment (on Chapters 2 and 3)4 The First Three Years of the European Bank for Reconstruction and Development: Legal Issues and Solutions -- Comment -- REGIONAL DEVELOPMENTS AFFECTING CENTRAL BANKS -- 5 European Monetary Union and the European System of Central Banks -- Comment -- 6 The European Community's Second Banking Directive -- 7 Banking Law Developments in the European Union: Deposit Insurance and Money-Laundering Initiatives -- Comment (on Chapters 6 and 7) -- 8 GATT and Its Effect on Banking Services -- Comment 9 The Implications of NAFTA for Central BanksComment -- 10 Banking Law Developments in Latin America -- Comment -- COUNTRY-SPECIFIC DEVELOPMENTS AFFECTING CENTRAL BANKS -- 11 U.S. Banking Regulation Roundtable -- 11A. Report from the Board of Governors of the Federal Reserve System: Establishing Foreign Bank Offices in the United States -- 11B. Report from the Federal Deposit Insurance Corporation: National Deposit Insurance Has Worked to Promote Banking Stability -- 11C. Report from the Office of the Comptroller of the Currency: The Future of Bank Supervision 11D. Report from the Office of Thrift SupervisionComment -- 12 Banking Reform in the United States -- Comment -- 13 Banking Law Developments in the United Kingdom -- 14 Banking Law Developments in Canada -- Comment (on Chapters 13 and 14) -- 15 Banking Law Developments in the Former Soviet Union -- Comment -- 16 Banking Law Reform in China -- Comment -- TOPICS OF SPECIAL INTEREST AFFECTING CENTRAL BANKS -- 17 Banking Supervision Around the World -- 17A. The Role of the Central Bank -- 17B. Bank Supervision in the G-7 Countries -- Comment 18 Who Should Be the Banking Supervisors?18A. Some General Considerations -- 18B. A German Perspective -- 18C. A Swedish Perspective -- 18D. French Banking Supervision -- Comment -- 19 BCCI: The Lessons for Banking Supervision -- Comment -- 20 The Role of Deposit Insurance: Financial System Stability and Moral Hazard -- Comment -- 21 Bankruptcy: Policy, Law, and Strategy -- 21A. Bankruptcy Policies, Restructuring, and Economic Efficiency -- 21B. An Explanation of, and Guide to, Business Reorganizations Under Chapter 11 of the U.S. Bankruptcy Code Banks and banking, Central Law and legislation Congresses. Banking law Congresses. LAW Banking. bisacsh Banking law fast Banks and banking, Central Law and legislation fast |
title | Current legal issues affecting central banks. |
title_auth | Current legal issues affecting central banks. |
title_exact_search | Current legal issues affecting central banks. |
title_full | Current legal issues affecting central banks. Volume 4 / edited by Robert C. Effros. |
title_fullStr | Current legal issues affecting central banks. Volume 4 / edited by Robert C. Effros. |
title_full_unstemmed | Current legal issues affecting central banks. Volume 4 / edited by Robert C. Effros. |
title_short | Current legal issues affecting central banks. |
title_sort | current legal issues affecting central banks |
topic | Banks and banking, Central Law and legislation Congresses. Banking law Congresses. LAW Banking. bisacsh Banking law fast Banks and banking, Central Law and legislation fast |
topic_facet | Banks and banking, Central Law and legislation Congresses. Banking law Congresses. LAW Banking. Banking law Banks and banking, Central Law and legislation Conference papers and proceedings |
url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=449456 |
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