Global Governance of Financial Systems

The book sums up some of their most important work so far, with interesting conclusions, both for policiy-makers and the directions that further research should take.

• 1: Managing Systemic Risk--The Rationale for International Financial Regulation 2: The International Response for Financial Instability 3: The International Legal Framework for International Financial Regulation 4: The Formation of Binding International Financial Regulation and the Role of International Soft Law Norms 5: Strengthening the Global Financial System through Institutional and Legal Reform 6: Incentives vs. Rules: Alternative Approaches to International Financial Regulation 7: The Economics of Systemic Risk in International Settlements 8: A Microeconomic Examination of Financial Fragility: A Test of Capital Adequacy Standards 9: Reforming the Basel Accord and the use of Subordinated Debt: Making Markets Work for the Regulator