http://www.kasinomics.com/articles/alexander-dhumale-eatwell-global-governance-of-financial-systems/ Economics of Knowledge And Social Intelligence Tue, 07 Feb 2012 08:04:25 +0000 hourly 1 http://wordpress.org/?v=3.3 http://www.kasinomics.com/articles/alexander-dhumale-eatwell-global-governance-of-financial-systems/comment-page-1/#comment-76 Kasinomics » Blog Archive » Intergovernmentalism in Financial Regulation Tue, 22 Apr 2008 12:22:04 +0000 http://www.kasinomics.com/?p=71#comment-76 [...] The global financial architecture is very complex. Despite increasing liberalization of financial markets, increased system risk and integration of the economies through the financial markets in the last 30 years, there is no single World Financial Authority regulating the financial markets, as Alexander, Eatwell and Dhumale have suggested. [...] [...] The global financial architecture is very complex. Despite increasing liberalization of financial markets, increased system risk and integration of the economies through the financial markets in the last 30 years, there is no single World Financial Authority regulating the financial markets, as Alexander, Eatwell and Dhumale have suggested. [...]

]]> http://www.kasinomics.com/articles/alexander-dhumale-eatwell-global-governance-of-financial-systems/comment-page-1/#comment-60 Kasinomics » Blog Archive » Systemic Risk - Discussion of Alexander, Eatwell, Dhumale Thu, 17 Apr 2008 17:39:17 +0000 http://www.kasinomics.com/?p=71#comment-60 [...] their book “Global Governance of Financial Systems” the authors try to define the various dimensions of Systemic Risk. The CMAP (click on the [...] [...] their book “Global Governance of Financial Systems” the authors try to define the various dimensions of Systemic Risk. The CMAP (click on the [...]

]]> http://www.kasinomics.com/articles/alexander-dhumale-eatwell-global-governance-of-financial-systems/comment-page-1/#comment-48 Kasinomics » Blog Archive » Global Financial Governance - Definitions by Alexander, Eatwell and Dhumale Mon, 14 Apr 2008 19:16:19 +0000 http://www.kasinomics.com/?p=71#comment-48 [...] Alexander, Eatwell and Dhumale make this causal explanation for the need of Global Financial Governance (p. 14): In the post-Bretton-Woods-Era, banks and financial instutions have adopted innovative financial instruments to diversify earnings and to hedge against credit and market risk. [Is this really the case? Wasn’t it rather to hedge primarily against exchange rate movements?] This has led to increased international banking activity and to the rise of multifunctional universal banks. These developments [produced] economic growth and development. But they also made financial institutions more dependent and exposed to systemic risk […]. [T]hese forces of financial globalisation [led to] efforts to strengthen the institutional framework of financial regulation. [...] [...] Alexander, Eatwell and Dhumale make this causal explanation for the need of Global Financial Governance (p. 14): In the post-Bretton-Woods-Era, banks and financial instutions have adopted innovative financial instruments to diversify earnings and to hedge against credit and market risk. [Is this really the case? Wasn’t it rather to hedge primarily against exchange rate movements?] This has led to increased international banking activity and to the rise of multifunctional universal banks. These developments [produced] economic growth and development. But they also made financial institutions more dependent and exposed to systemic risk […]. [T]hese forces of financial globalisation [led to] efforts to strengthen the institutional framework of financial regulation. [...]

]]> http://www.kasinomics.com/articles/alexander-dhumale-eatwell-global-governance-of-financial-systems/comment-page-1/#comment-46 Kasinomics » Blog Archive » Financial stability - a public good? Mon, 14 Apr 2008 19:03:55 +0000 http://www.kasinomics.com/?p=71#comment-46 [...] defining Financial Stability, the authors of the book on “Global Financial Governance” stated that financial stability is a “public good [which] will never be provided [...] [...] defining Financial Stability, the authors of the book on “Global Financial Governance” stated that financial stability is a “public good [which] will never be provided [...]

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