The globalization of finance is widely recognised as one of the most significant features of the contemporary world. In this timely new book, Tony Porter guides students through current debates about global finance and discusses the extent to which the development of a global marketplace affects our daily lives.
He examines the complex networks of public-sector and non-governmental institutions and practices that facilitate the globalization of finance and provide an emerging set of arrangements for regulating it.
The book is both comprehensive and innovative, and...
The globalization of finance is widely recognised as one of the most significant features of the contemporary world. In this timely new book, Tony Por...
The globalization of finance is widely recognised as one of the most significant features of the contemporary world. In this timely new book, Tony Porter guides students through current debates about global finance and discusses the extent to which the development of a global marketplace affects our daily lives.
He examines the complex networks of public-sector and non-governmental institutions and practices that facilitate the globalization of finance and provide an emerging set of arrangements for regulating it.
The book is both comprehensive and innovative, and...
The globalization of finance is widely recognised as one of the most significant features of the contemporary world. In this timely new book, Tony Por...
Governments today are too often unwilling to intervene in global commerce, and international organizations are too often unable to govern effectively. In their place, firms increasingly cooperate internationally to establish the rules and standards of behavior for themselves and for others, taking on the mantle of authority to govern specific issue areas. Are they stepping into the breach to supply needed collective goods? Or are they organizing themselves in order to prevent governments from interfering in their business? This book explores the meaning of this private international...
Governments today are too often unwilling to intervene in global commerce, and international organizations are too often unable to govern effectively....
Building upon a wide range of literatures this book argues that international regulatory institutions become stronger when oligopolistic institutional arrangements decay and competitive pressures intensify. This is shown to be the case for global finance by careful studies of two inter-state institutions, the Basle Committee on Banking Supervision and the International Organization of Securities Commissions, and of the international banking and securities industries which they seek to regulate.
Building upon a wide range of literatures this book argues that international regulatory institutions become stronger when oligopolistic institutional...
Business is being globalized with an immense speed, but are democratic practices and decision-making structures keeping pace? Contrary to those who see democracy as irrelevant or impossible at the global level, The Challenges of Global Business Authority analyzes three dimensions of democracy- participation, accountability, and transparency-in many transnational mechanisms that seek to align global business interests with the public interest. Looking beyond these mechanisms, this volume seeks to explore the fundamental issues affecting the relationship between democracy and global business...
Business is being globalized with an immense speed, but are democratic practices and decision-making structures keeping pace? Contrary to those who se...
In the early stages of the 2007/8 global financial crisis it seemed likely that the severity of the crisis could provoke dramatic changes in the architecture of global finance. However subsequently it has been challenging to interpret the regulatory response. Are there significant changes, or are we witnessing a return to the pre-crisis status quo? What accounts for change or lack of change?
This book provides a comprehensive and focused overview of the changing dynamics between public and private forms of transnational financial regulation, addressing recent and emerging trends in the...
In the early stages of the 2007/8 global financial crisis it seemed likely that the severity of the crisis could provoke dramatic changes in the ar...
The role of business in global governance is now widely recognized, but exploration of its role in global financial governance has been more haphazard than systematic. This book provides the first comprehensive analysis of the role of transnational financial associations (TFAs) in the organization of global finance.
This book develops three theoretical themes of assemblage, functionality, and power as enrolment. These themes challenge approaches that treat financial power as emanating from a single location or force. Whilst existing approaches tend to treat TFAs as irrelevant or as...
The role of business in global governance is now widely recognized, but exploration of its role in global financial governance has been more haphaz...
The global financial crisis that began in 2007 was the most destructive since the 1930s. The rapid spread of the crisis across borders and the complexity of these cross-border linkages highlighted the importance for authorities of working together in responding to the crisis.
This book examines the transnational response that relied heavily on a set of relatively informal transnational regulatory groupings that had been constructed over previous decades. During the crisis these arrangements were made stronger and more inclusive, but they remain very complex. Thousands of...
The global financial crisis that began in 2007 was the most destructive since the 1930s. The rapid spread of the crisis across borders and the comp...
