Financial Regulatory Harmonization and the Globalization of Finance
In the globalizing economy, national policymakers are often forced to accept the challenge of financial integration. Faced with the potentially destabilizing effects of international financial markets, they have to strengthen financial regulation,...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2002/10/2050410/financial-regulatory-harmonization-globalization-finance http://hdl.handle.net/10986/19224 |
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okr-10986-192242021-04-23T14:03:42Z Financial Regulatory Harmonization and the Globalization of Finance Jordan, Cally Majnoni, Giovanni ACCOUNTING STANDARDS ACTIONS ACTS ASSET MANAGEMENT ASSET MANAGEMENT COMPANIES AUTHORITY BANK LIABILITIES CAPITAL FLOWS CAPITAL MARKETS CAPITAL MOBILITY CAPITAL MOVEMENTS CAPITAL REQUIREMENTS COAL CODES COMMERCIAL BANKS COMMON LAW CONDITIONALITY CONFIDENTIALITY CONSENSUS CONSTITUENCIES CONSTITUENCY CONSTITUTION CONSUMER PROTECTION CONVERGENCE CORPORATE GOVERNANCE DEBT DECISION MAKING DECISION MAKING PROCESS DEVELOPED COUNTRIES DISCLOSURE DOMESTIC FIRMS DOMESTIC MARKETS ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC INTEGRATION ECONOMIC STABILITY EUROPEAN UNION EXTERNALITIES FINANCIAL CRISES FINANCIAL INSTITUTIONS FINANCIAL INTEGRATION FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL REGULATION FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FISCAL FIXED COSTS FOREIGN ENTITIES GOVERNMENT INSTITUTIONS HARMONIZATION INCOME INCOME COUNTRIES INDIVIDUAL BEHAVIOR INSTITUTIONAL WEAKNESSES INSURANCE INTERNATIONAL CAPITAL INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL STANDARDS INTERNATIONAL TRADE INVESTMENT SERVICES LAWS LEGAL FRAMEWORK LEGAL PROVISIONS LEGAL REFORMS LEGAL RULES LEGAL SYSTEM LEGAL SYSTEMS LEGAL TRANSPLANTS LEGISLATION LEGITIMACY MARKET DISCIPLINE MARKET FORCES MARKET INTEGRATION MEMBER COUNTRIES MERCHANT BANKING MONETARY POLICY MONETARY UNION MONETARY UNIONS MULTILATERAL LEVEL MUTUAL FUNDS MUTUAL RECOGNITION NATIONAL GOVERNMENTS NATIONAL LAWS NATIONAL LEVEL NATIONAL PRACTICES NATIONAL SOVEREIGNTY PAYMENT SYSTEMS PRIVATE SECTOR PROFESSIONAL BODIES PUBLIC GOODS REGIONAL DEVELOPMENT REGIONAL DEVELOPMENT BANKS REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY INSTRUMENTS REGULATORY INTERVENTION REGULATORY REFORMS REGULATORY REQUIREMENTS REGULATORY SYSTEM REGULATORY SYSTEMS ROMAN LAW SECURITIES SOVEREIGNTY STRUCTURAL REFORMS SUPERVISORY AGENCIES SUPERVISORY AUTHORITIES TAX COMPETITION TAXATION TRADE INTEGRATION TRADE LIBERALIZATION TRANSITION ECONOMIES In the globalizing economy, national policymakers are often forced to accept the challenge of financial integration. Faced with the potentially destabilizing effects of international financial markets, they have to strengthen financial regulation, importing international best practices and aligning domestic with foreign regulation, to avoid destabilizing phenomena of regulatory arbitrage. The authors explore the main features of the ongoing process of worldwide financial regulatory convergence and the role played by the global dissemination of financial standards and codes. They analyze the reasons behind the generalized acceptance of international best practices and the limits of the standards and codes approach to financial regulatory harmonization. 2014-08-01T19:50:56Z 2014-08-01T19:50:56Z 2002-10 http://documents.worldbank.org/curated/en/2002/10/2050410/financial-regulatory-harmonization-globalization-finance http://hdl.handle.net/10986/19224 English en_US Policy Research Working Paper;No. 2919 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING STANDARDS ACTIONS ACTS ASSET MANAGEMENT ASSET MANAGEMENT COMPANIES AUTHORITY BANK LIABILITIES CAPITAL FLOWS CAPITAL MARKETS CAPITAL MOBILITY CAPITAL MOVEMENTS CAPITAL REQUIREMENTS COAL CODES COMMERCIAL BANKS COMMON LAW CONDITIONALITY CONFIDENTIALITY CONSENSUS CONSTITUENCIES CONSTITUENCY CONSTITUTION CONSUMER PROTECTION CONVERGENCE CORPORATE GOVERNANCE DEBT DECISION MAKING DECISION MAKING PROCESS DEVELOPED COUNTRIES DISCLOSURE DOMESTIC FIRMS DOMESTIC MARKETS ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC INTEGRATION ECONOMIC STABILITY EUROPEAN UNION EXTERNALITIES FINANCIAL CRISES FINANCIAL INSTITUTIONS FINANCIAL INTEGRATION FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL REGULATION FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FISCAL FIXED COSTS FOREIGN ENTITIES GOVERNMENT INSTITUTIONS HARMONIZATION INCOME INCOME COUNTRIES INDIVIDUAL BEHAVIOR INSTITUTIONAL WEAKNESSES INSURANCE INTERNATIONAL CAPITAL INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL STANDARDS INTERNATIONAL TRADE INVESTMENT SERVICES LAWS LEGAL FRAMEWORK LEGAL PROVISIONS LEGAL REFORMS LEGAL RULES LEGAL SYSTEM LEGAL SYSTEMS LEGAL TRANSPLANTS LEGISLATION LEGITIMACY MARKET DISCIPLINE MARKET FORCES MARKET INTEGRATION MEMBER COUNTRIES MERCHANT BANKING MONETARY POLICY MONETARY UNION MONETARY UNIONS MULTILATERAL LEVEL MUTUAL FUNDS MUTUAL RECOGNITION NATIONAL GOVERNMENTS NATIONAL LAWS NATIONAL LEVEL NATIONAL PRACTICES NATIONAL SOVEREIGNTY PAYMENT SYSTEMS PRIVATE SECTOR PROFESSIONAL BODIES PUBLIC GOODS REGIONAL DEVELOPMENT REGIONAL DEVELOPMENT BANKS REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY INSTRUMENTS REGULATORY INTERVENTION REGULATORY REFORMS REGULATORY REQUIREMENTS REGULATORY SYSTEM REGULATORY SYSTEMS ROMAN LAW SECURITIES SOVEREIGNTY STRUCTURAL REFORMS SUPERVISORY AGENCIES SUPERVISORY AUTHORITIES TAX COMPETITION TAXATION TRADE INTEGRATION TRADE LIBERALIZATION TRANSITION ECONOMIES |
| spellingShingle |
ACCOUNTING STANDARDS ACTIONS ACTS ASSET MANAGEMENT ASSET MANAGEMENT COMPANIES AUTHORITY BANK LIABILITIES CAPITAL FLOWS CAPITAL MARKETS CAPITAL MOBILITY CAPITAL MOVEMENTS CAPITAL REQUIREMENTS COAL CODES COMMERCIAL BANKS COMMON LAW CONDITIONALITY CONFIDENTIALITY CONSENSUS CONSTITUENCIES CONSTITUENCY CONSTITUTION CONSUMER PROTECTION CONVERGENCE CORPORATE GOVERNANCE DEBT DECISION MAKING DECISION MAKING PROCESS DEVELOPED COUNTRIES DISCLOSURE DOMESTIC FIRMS DOMESTIC MARKETS ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC INTEGRATION ECONOMIC STABILITY EUROPEAN UNION EXTERNALITIES FINANCIAL CRISES FINANCIAL INSTITUTIONS FINANCIAL INTEGRATION FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL REGULATION FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FISCAL FIXED COSTS FOREIGN ENTITIES GOVERNMENT INSTITUTIONS HARMONIZATION INCOME INCOME COUNTRIES INDIVIDUAL BEHAVIOR INSTITUTIONAL WEAKNESSES INSURANCE INTERNATIONAL CAPITAL INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL STANDARDS INTERNATIONAL TRADE INVESTMENT SERVICES LAWS LEGAL FRAMEWORK LEGAL PROVISIONS LEGAL REFORMS LEGAL RULES LEGAL SYSTEM LEGAL SYSTEMS LEGAL TRANSPLANTS LEGISLATION LEGITIMACY MARKET DISCIPLINE MARKET FORCES MARKET INTEGRATION MEMBER COUNTRIES MERCHANT BANKING MONETARY POLICY MONETARY UNION MONETARY UNIONS MULTILATERAL LEVEL MUTUAL FUNDS MUTUAL RECOGNITION NATIONAL GOVERNMENTS NATIONAL LAWS NATIONAL LEVEL NATIONAL PRACTICES NATIONAL SOVEREIGNTY PAYMENT SYSTEMS PRIVATE SECTOR PROFESSIONAL BODIES PUBLIC GOODS REGIONAL DEVELOPMENT REGIONAL DEVELOPMENT BANKS REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY INSTRUMENTS REGULATORY INTERVENTION REGULATORY REFORMS REGULATORY REQUIREMENTS REGULATORY SYSTEM REGULATORY SYSTEMS ROMAN LAW SECURITIES SOVEREIGNTY STRUCTURAL REFORMS SUPERVISORY AGENCIES SUPERVISORY AUTHORITIES TAX COMPETITION TAXATION TRADE INTEGRATION TRADE LIBERALIZATION TRANSITION ECONOMIES Jordan, Cally Majnoni, Giovanni Financial Regulatory Harmonization and the Globalization of Finance |
| relation |
Policy Research Working Paper;No. 2919 |
| description |
In the globalizing economy, national
policymakers are often forced to accept the challenge of
financial integration. Faced with the potentially
destabilizing effects of international financial markets,
they have to strengthen financial regulation, importing
international best practices and aligning domestic with
foreign regulation, to avoid destabilizing phenomena of
regulatory arbitrage. The authors explore the main features
of the ongoing process of worldwide financial regulatory
convergence and the role played by the global dissemination
of financial standards and codes. They analyze the reasons
behind the generalized acceptance of international best
practices and the limits of the standards and codes approach
to financial regulatory harmonization. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Jordan, Cally Majnoni, Giovanni |
| author_facet |
Jordan, Cally Majnoni, Giovanni |
| author_sort |
Jordan, Cally |
| title |
Financial Regulatory Harmonization and the Globalization of Finance |
| title_short |
Financial Regulatory Harmonization and the Globalization of Finance |
| title_full |
Financial Regulatory Harmonization and the Globalization of Finance |
| title_fullStr |
Financial Regulatory Harmonization and the Globalization of Finance |
| title_full_unstemmed |
Financial Regulatory Harmonization and the Globalization of Finance |
| title_sort |
financial regulatory harmonization and the globalization of finance |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2002/10/2050410/financial-regulatory-harmonization-globalization-finance http://hdl.handle.net/10986/19224 |
| _version_ |
1764439574980853760 |