Tag Archives for Rahul Dhumale
Intergovernmentalism in Financial Regulation
Puzzling Complexity 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 … Continue reading
Corporate Governance and International Standards – Paper by Kern Alexander and Rahul Dhumale
In 2001, Kern Alexander and Rahul Dhumale published a paper on the relevance of International Standards for the Corporate Governance of Financial Institutions. Both the BCBS and the OECD have released Corporate Governance Principles (the OEDC in 2004, the BCBS … Continue reading
The need for systemic risk
To speak about systemic risks only makes sense when analyzing a large system, such as the international financial markets. The financial markets are the quintessential traders of risk, because risks from investments, macro- and micro-economic policy, technological innovation and behaviour … Continue reading
Systemic Risk – Discussion by Alexander, Eatwell, Dhumale
In their book “Global Governance of Financial Systems” the authors try to define the various dimensions of Systemic Risk. The CMAP (click on the picture to see the full picture) outlines the main concepts that the authors introduce. Systemic risk … Continue reading
Global Financial Governance – Definitions by Alexander, Eatwell and Dhumale
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. … Continue reading
Alexander, Dhumale, Eatwell: “Global Governance of Financial Systems”
Kern Alexander, Rahul Dhumale and John Eatwell published a book in 2004 called “