Financial stability, economic growth, and the role of law /

Financial crises have become an all too common occurrence over the past twenty years, largely as a result of changes in finance brought about by increasing internationalization and integration. As domestic financial systems and economies have become more interlinked, weaknesses can significantly imp...

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Bibliographic Details
Main Author: Arner, Douglas W. (Author)
Format: Electronic eBook
Language:English
Published: Cambridge : Cambridge University Press, 2007.
Subjects:
Online Access:CONNECT

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505 0 |a Finance and the international financial architecture -- Law, finance and development -- Law, financial stability and the international financial architecture -- Foundations of finance -- Preconditions for and institutional underpinnings of finance -- Central banking and financial policy -- Financial infrastructure -- Financial regulation and supervision -- Banking: regulation, supervision and development -- Nonbank finance: securities, insurance, pensions and microfinance -- Financial liberalization, financial conglomerates and financial regulatory structure -- Looking forward -- The international financial architecture -- Reforming financial systems. 
520 |a Financial crises have become an all too common occurrence over the past twenty years, largely as a result of changes in finance brought about by increasing internationalization and integration. As domestic financial systems and economies have become more interlinked, weaknesses can significantly impact not only individual economies but also markets, financial intermediaries, and economies around the world. This volume addresses the twin objectives of financial development in the context of financial stability and the role of law in supporting both. Financial stability (frequently seen as the avoidance of financial crisis) has become an objective of both the international financial architecture and individual economies and central banks. At the same time, financial development is now seen to play an important role in economic growth. In both financial stability and financial development, law and related institutions have a central role. 
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