Soft law and the global financial system : rule making in the 21st century

"The global financial crisis of 2008 has given way to a proliferation of international agreements aimed at strengthening the prudential oversight and supervision of financial market participants. Yet how these rules operate is not well understood. Because international financial rules are expre...

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Bibliographic Details
Main Author: Brummer, Chris , 1975- (Author)
Format: Book
Language:English
Published: Cambridge New York, NY : Cambridge University Press , c2012
Subjects:

MARC

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020 |a 9780521181679 (paperback) 
020 |a 9781107004849 (hardback) 
050 0 0 |a d39 K4444   |b .B78 2012 
090 0 0 |a d39 K4444   |b .B78 2012 
100 1 |a Brummer, Chris ,   |d 1975- ,   |e author 
245 1 0 |a Soft law and the global financial system :   |b rule making in the 21st century   |c Chris Brummer 
260 |a Cambridge   |a New York, NY :   |b Cambridge University Press ,   |c c2012 
300 |a ix, 296 p. ;   |c 24 cm. 
500 |a Includex index 
505 0 |a 1. Territoriality and financial statecraft -- 2. The architecture of international financial law -- 3. A compliance-based theory of international financial law -- 4. How legitimate is international financial law? -- 5. Soft law and the global financial crisis -- 6. The future of international financial law 
520 |a "The global financial crisis of 2008 has given way to a proliferation of international agreements aimed at strengthening the prudential oversight and supervision of financial market participants. Yet how these rules operate is not well understood. Because international financial rules are expressed through informal, non-binding accords, scholars tend to view them as either weak treaty substitutes or by-products of national power. Rarely, if ever, are they cast as independent variables that can inform the behavior of regulators and market participants alike. This book explains how international financial law ?works? - and presents an alternative theory for understanding its purpose, operation and limitations. Drawing on a close institutional analysis of the post-crisis financial architecture, it argues that international financial law is often bolstered by a range of reputational, market and institutional mechanisms that make it more coercive than classical theories of international law predict"--Provided by publisher 
650 0 |a Global Financial Crisis, 2008-2009 
650 0 |a International finance   |x Law and legislation 
650 0 |a Soft law 
999 |a 1000157067   |b Book   |c OPEN SHELF (30 DAYS)   |e Gong Badak Campus