Policy Notes

Lectures

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Bernard Schwartz

SCEPA
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Tel. (212) 229-5901 x4911
Fax (212) 229-5903
cepa@newschool.edu
www.newschool.edu/cepa/

Directions to the
Schwartz Center

Publications

Books

Eatwell, John and Taylor, Lance (2002, eds.) International Capital Markets, New York:
     Oxford University Press

This title is comprised of 19 commissioned articles which are mainly focused on the timely global issues of volatility in equity and foreign exchange markets and the regulatory scene in developed and emerging markets. The papers provide a cutting-edge overview of general issues regarding world capital markets, experience in developing countries, and capital market regulation, which many economists believe could turn into the number one topic in international business and economics very soon. The articles were financed with grants from the Ford Foundation to New School University and the University of Cambridge. These subjects are important to professionals in the banking/financial services sectors, regulators and policy makers at the government level, think tanks, and graduate level college courses in international financial markets and international economics.

  

Contents

Part 1:

Introduction
John Eatwell and Lance Taylor: Introduction
  

Part 2:

Global Questions

  • John Eatwell and Lance Taylor: A World Financial Authority
  • Jose Antonio Ocampo: Recasting the International Financial Agenda
  • Jane D'Arista: Financial Regulation in a Liberalized Global Environment
  • Deepak Nayyar: Capital Controls and the World Financial Authority: What Can We Learn from the Indian Experience?
  • Robert Blecker: International Capital Mobility, Macroeconomic Imbalances, and the Risk of Global Contraction
  • Eric Helleiner: The Politics of Global Financial Regulation: Lessons from the Fight Against Money Laundering
         
Part 3:

Issues in Industrialized Economies

  • Thorsten H. Block: Financial Market Liberalization and the Changing Character of Corporate Governance
  • Jeff Madik: The Influence of the Financial Media over International Economic Policy
      
Part 4:

Developing and Transition Economies

  • Roberto Frenkel: Capital Market Liberalization and Economic Performance in Latin America
  • Salib N. Neftci: FX Short Positions, Balance Sheets, and Financial Turbulence
  • Gabriel Palma: The Three Routes to Financial Crises: The Need for Capital Controls
  • Ajit Singh: "Asian Capitalism" and the Financial Crisis
  • Ha-Joon Chang and Cbul-Gyue Yoo: The Triumph of the Rentiers? The 1997 Korean Crisis in Historical Perspective
  • Gabriel Palma: The Magical Realism of Brazillian Economics: How to Create a Financial Crisis by Trying to Avoid One
      
Part 5:

Regulatory Questions

  • Salib N. Neftci: Synthetic Assets, Risk Management, and Imperfections
  • Randall Dodd: The role of Derivatives in the East Asian Financial Crisis
  • Philip Turner: Procyclicality of Regulatory Ratios?

  

 

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