Reforming The Governance Of The Financial Sector

Author : David Mayes,Geoffrey Wood
Publisher : Routledge
Page : 321 pages
File Size : 49,9 Mb
Release : 2012-12-12
Category : Business & Economics
ISBN : 9781136192340

Get Book

Reforming the Governance of the Financial Sector by David Mayes,Geoffrey Wood Pdf

Many financial institutions have in recent years failed – failed either completely, and gone into bankruptcy, or failed in the sense that they have not achieved what their owners or their customers expected them to deliver. This has had significant and adverse effects on customers, taxpayers, shareholders, and sometimes management. There has been much discussion of what should be done about this, and some action has been taken. But has it been the right kind of action? Crises of the sort being experienced are low probability but high impact events. This volume, from an international group of scholars, deals with two main issues: firstly, how can the governance of the financial sector by the authorities be improved and secondly, how can the governance of firms and institutions within the sector be improved to render the probability and cost of future crises lower? Poor governance has been one of the major contributors to the global financial crisis. With better governance of and in the financial sector the financial crisis might well have been avoided altogether and certainly could have been much milder in its impact. This is not simply a case of being wise after the event. These problems were widely discussed before the event, but little action was taken. This book explores not only what the contribution of poor governance was to the crisis and to its depth, but also why it is often difficult to improve governance. The volume offers a positive critique of the measures that are being put in place in the light of the experience of the crisis and suggests how they might plausibly be improved. This book will be of particular interest to students and researchers of economics and international finance, but will also prove profitable reading for practitioners and the interested public.

Author : Yilmaz Akyuz
Publisher : Zed Books
Page : 176 pages
File Size : 54,6 Mb
Release : 2002-04
Category : Business & Economics
ISBN : 1842771558

Get Book

Reforming the Global Financial Architecture by Yilmaz Akyuz Pdf

Instability has become global and systemic. Strengthening international institutions and arrangements would reduce the threat of crises and allow those that do occur to be better managed. These proposals take the developing world into account.

Author : Thomas J. Courchene,Edwin H. Neave,John Deutsch Institute for the Study of Economic Policy
Publisher : Kingston, Ont. : John Deutsch Institute for the Study of Economic Policy
Page : 334 pages
File Size : 54,6 Mb
Release : 1997
Category : Business & Economics
ISBN : STANFORD:36105019323885

Get Book

Reforming the Canadian Financial Sector by Thomas J. Courchene,Edwin H. Neave,John Deutsch Institute for the Study of Economic Policy Pdf

Proceedings of a conference held at Queen's University, June 20-21, 1996.

Author : Asl? Demirgüç-Kunt,Ross Levine
Publisher : World Bank Publications
Page : 70 pages
File Size : 40,6 Mb
Release : 1994
Category : Empresas publicas
ISBN : 8210379456XXX

Get Book

The Financial System and Public Enterprise Reform by Asl? Demirgüç-Kunt,Ross Levine Pdf

Public enterprise reform is more successful in countries whose financial systems are relatively well developed. Countries seeking to implement broad public enterprise reforms achieve greater success if they also implement substantial and well- designed financial reforms.

Author : Jomo Kwame Sundaram
Publisher : Columbia University Press
Page : 561 pages
File Size : 51,8 Mb
Release : 2011-01-17
Category : Business & Economics
ISBN : 9780231527279

Get Book

Reforming the International Financial System for Development by Jomo Kwame Sundaram Pdf

The 1944 Bretton Woods conference created new institutions for international economic governance. Though flawed, the system led to a golden age in postwar reconstruction, sustained economic growth, job creation, and postcolonial development. Yet financial liberalization since the 1970s has involved deregulation and globalization, which have exacerbated instability, rather than sustained growth. In addition, the failure of Bretton Woods to provide a reserve currency enabled the dollar to fill the void, which has contributed to periodic, massive U.S. trade deficits. Our latest global financial crisis, in which all these weaknesses played a part, underscores how urgently we must reform the international financial system. Prepared for the G24 research program, a consortium of developing countries focused on financial issues, this volume argues that such reforms must be developmental. Chapters review historical trends in global liquidity, financial flows to emerging markets, and the food crisis, identifying the systemic flaws that contributed to the recent downturn. They challenge the effectiveness of recent policy and suggest criteria for regulatory reform, keeping in mind the different circumstances, capacities, and capabilities of various economies. Essays follow ongoing revisions in international banking standards, the improved management of international capital flows, the critical role of the World Trade Organization in liberalizing and globalizing financial services, and the need for international tax cooperation. They also propose new global banking and reserve currency arrangements.

Author : Aditya Narain,Ms.Inci Ötker,Ceyla Pazarbasioglu
Publisher : International Monetary Fund
Page : 291 pages
File Size : 54,8 Mb
Release : 2012-04-19
Category : Business & Economics
ISBN : 9781616352295

Get Book

Building a More Resilient Financial Sector by Aditya Narain,Ms.Inci Ötker,Ceyla Pazarbasioglu Pdf

The IMF, with the Bank for International Settlements and the Financial Stability Board, has been at the forefront of discussions on reform of the global financial system to reduce the possibility of future crises, as well as to limit the consequences if they do occur. The policy choices are both urgent and challenging, and are complicated by the relationship between sovereign debt and risks to the banking sector. Building a More Resilient Financial Sector describes the key elements of the reform agenda, including tighter regulation and more effective supervision; greater transparency to strengthen market discipline and limit incentives for risk taking; coherent mechanisms for resolution of failed institutions; and effective safety nets to limit the impact on the financial system of institutions viewed as "too big to fail." Finally, the book takes a look ahead at how the financial system is likely to be shaped by the efforts of policymakers and the private sector response.

Author : Tilak Rawal
Publisher : Unknown
Page : 53 pages
File Size : 53,7 Mb
Release : 2003
Category : Banks and banking
ISBN : UOM:39015061926187

Get Book

Corporate Governance and Financial Sector Reform in Nepal by Tilak Rawal Pdf

On Nepal Rastra Bank and its role in augmenting financial sector reforms through corporate governance to affect economic development in Nepal.

Author : Yasheng Huang,Tony Saich,Edward Steinfeld
Publisher : BRILL
Page : 264 pages
File Size : 43,9 Mb
Release : 2020-10-26
Category : History
ISBN : 9781684171224

Get Book

Financial Sector Reform in China by Yasheng Huang,Tony Saich,Edward Steinfeld Pdf

An edited volume consisting of an introduction by the editors and eleven additional papers on China's financial system and financial sector reform. The papers originated at a conference on financial reform in China held at the John F. Kennedy School of Government, Harvard University, in 2001. They were then thoroughly revised and updated for publication.

Author : Myriam García-Olalla,Judith Clifton
Publisher : Springer
Page : 454 pages
File Size : 50,5 Mb
Release : 2018-07-23
Category : Business & Economics
ISBN : 9783319902944

Get Book

Contemporary Issues in Banking by Myriam García-Olalla,Judith Clifton Pdf

This book offers insights into the contemporary issues in banking with a special focus on the recent European regulatory reforms, governance and the performance of firms. Written by prestigious professors and expert academics in the field, the book also covers a diverse set of topics that have gained great importance in this sector such as firm financing, culture, risk and other challenges faced by banks. The book is of interest to scholars, students and professionals in banking.

Author : José María Fanelli,Rohinton Medhora
Publisher : Springer
Page : 384 pages
File Size : 53,9 Mb
Release : 1998-11-12
Category : Business & Economics
ISBN : 9781349268719

Get Book

Financial Reform in Developing Countries by José María Fanelli,Rohinton Medhora Pdf

For the large number of developing countries undergoing significant structural transformations, one of the most important and controversial adjustment areas is that of the financial markets. Focusing on the role of the institutional and enabling environment within which financial reform occurs and on the integration of principles of finance with more macroeconomic approaches to the subject, the book contains case studies of reform experiences in Argentina, India, Nigeria, Turkey and Uruguay. Themes studied include the 'go slow' versus 'big bang' approach and the particular problem of bank-firm inter-linkages in Eastern Europe.

Author : Thankom Arun,John Turner
Publisher : Edward Elgar Publishing
Page : 227 pages
File Size : 43,5 Mb
Release : 2009-01-01
Category : Business & Economics
ISBN : 9781848449022

Get Book

Corporate Governance and Development by Thankom Arun,John Turner Pdf

This book analyses the complex relationship between corporate governance and economic development by focusing on the reform of corporate governance, the role of the legal system, and the interconnections with the financial system. Corporate governance has a central role to play in helping to increase the flow and lower the cost of the financial capital that firms need to finance their investment activity. The importance of this role has grown considerably in recent years, and the findings of this book emphasize that the standard of corporate governance matters significantly for developing countries. The editors rediscover that improved corporate governance can contribute to sustained productivity growth and stability of institutions. This timely and insightful book offers a one-stop reference guide for practitioners, academics, researchers, donor agencies and those who are interested in understanding the multi-dimensional and interdisciplinary aspects of corporate governance.

Author : Gerard Caprio,Ross Levine
Publisher : World Bank Publications
Page : 44 pages
File Size : 55,8 Mb
Release : 1992
Category : Bank loans
ISBN : 8210379456XXX

Get Book

Reforming Finance in Transitional Socialist Economies by Gerard Caprio,Ross Levine Pdf

Author : Great Britain: H.M. Treasury
Publisher : Stationery Office
Page : 172 pages
File Size : 53,5 Mb
Release : 2009-07-08
Category : Business & Economics
ISBN : 0101766726

Get Book

Reforming financial markets by Great Britain: H.M. Treasury Pdf

The world economy has been hit by a severe financial crisis, resulting in the worst global economic downturn for over 60 years. First and foremost, the crisis has been caused by the failure across the world of many in the banking sector to understand the true risks created by the innovation and rapid growth of interconnected, globalised markets for financial services in recent years. This document sets out the Government's analysis of the causes of the financial crisis, the action already taken to restore financial stability and the regulatory reforms necessary to strengthen the financial system for the future, so that consumers, businesses of all sectors and the economy as a whole continue to have access to the stable credit that is so essential. The Government is proposing further reforms to banking regulation that will lead to: more effective prudential regulation and supervision of firms; greater emphasis on monitoring and managing system-wide risks; greater confidence that the authorities are ready and able to deal with problems when they do arise; and greater protection for the taxpayer when an institution needs to be resolved. The Government will give increased powers to the Bank of England and Financial Services Authority. The Government's aim is for enhanced supervision of banks, better international standards, and a more responsible and efficient global financial services sector. The strategy is designed to strengthen regulation and supervision, and support better corporate governance so that, in future, financial crises will be less likely and less damaging.

Author : Ms.Sumiko Ogawa,Mr.Joonkyu Park,Ms.Diva Singh,Ms.Nita Thacker
Publisher : International Monetary Fund
Page : 34 pages
File Size : 52,5 Mb
Release : 2013-07-31
Category : Business & Economics
ISBN : 9781475570823

Get Book

Financial Interconnectedness and Financial Sector Reforms in the Caribbean by Ms.Sumiko Ogawa,Mr.Joonkyu Park,Ms.Diva Singh,Ms.Nita Thacker Pdf

Financial sector linkages have increased continuously in the Caribbean with cross border capital flows and financial conglomerates dominating the financial system. While the greater interconnectedness can heighten systemic risks and likelihood of contagion, it can have positive impacts provided the regional authorities take steps to prevent the systemic risk. In this context, financial sector reform measures aimed at bolstering and harmonizing prudential regulations in line with international best practices, the strengthening and enhancement of financial sector supervision to include cross border linkages through consolidated supervision, increased cooperation across supervisors in the region, and the establishment of deposit insurance and crisis resolution frameworks will be critical to maintain financial sector stability and minimize the repercussions of any negative shocks.

Author : Anonim
Publisher : World Bank Publications
Page : 244 pages
File Size : 40,8 Mb
Release : 2000-01-01
Category : Business & Economics
ISBN : 0821348752

Get Book

Reforming Public Institutions and Strengthening Governance by Anonim Pdf

The critical importance of well-performing public institutions and good governance for development and poverty reduction has come to the forefront in the 1990s. Reforming public institutions is a complex and difficult task. This publication is primarily intended as a guide for World Bank staff but it is also intended to serve the broader development community. It outlines a strategy which envisions significant changes in the focus of the Bank's work in this area. Some of these changes such as an enhanced focus on governance, capacity building and anticorruption, are already underway. The agenda for the next three years is to continue to foster these changes through a the advancement of analytical tools, new approaches t the design of lending operations, expanded emphasis on partnership with clients and other donors and progressive shifts in staffing, incentives and evaluation techniques. Included as an annex is an inventory of the Bank's governance and institutional reform programs which are in place.