Global Finance at Risk : The Case for International Regulation

Taylor, Lance, Eatwell, John

ISBN 10: 1565846389 / ISBN 13: 9781565846388

Published by New Press, The, 2001

About this Item

Pages intact with minimal writing/highlighting. The binding may be loose and creased. Dust jackets/supplements are not included. Stock photo provided. Product includes identifying sticker. Better World Books: Buy Books. Do Good.

Seller Inventory # 1442567-75

Bibliographic Details

• Title: Global Finance at Risk : The Case for International Regulation
• Publisher: New Press, The
• Publication Date: 2001
• Language: English
• ISBN 10: 1565846389
• ISBN 13: 9781565846388
• Binding: Soft cover
• Condition: Good
• Weight: 0.626 pounds

About this title

Synopsis

In Global Finance at Risk, two economists whom John Kenneth Galbraith has hailed as "accomplished scholars of the first rank" propose a bold solution to the financial crises that threaten us all: a World Financial Authority with powers to establish worldwide best-practice financial regulation and risk management. Expansion of finance in industrialized economies, including that of the nineteenth-century United States, was accompanied by the same kind of turbulence now afflicting Asia, Russia, and Latin America. Then, the solution was to establish national banking and securities regulators, create deposit insurance, and empower lenders of last resort. But in our increasingly globalized times, an account opened at a local bank can be based on bad debt from anywhere in the world, including places outside the jurisdiction of those national agencies. And when banks fail, it is not only their account holders who suffer, but all of us. This is why, argue John Eatwell and Lance Taylor in this timely and urgent book, effective regulation of international finance is crucial to the economic health of all nations. Global Finance at Risk casts a welcome light on the deepening intricacies of world financial systems.

About the Author

John Eatwell is President of Queens' College, Cambridge, and a member of Britain's House of Lords.

Lance Taylor, the Arnhold Professor of International Cooperation and Development at the New School University, New York, is also the director of the New School's Center for Economic Policy Analysis.