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Regulating International Financial Markets: Issues and Policies

  • Book
  • © 1992

Overview

Editors:
  1. Franklin R. Edwards

    1. Center for the Study of Futures Markets, Graduate School of Business, Columbia University, New York, USA

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  2. Hugh T. Patrick

    1. Center on Japanese Economy and Business, Graduate School of Business, Columbia University, New York, USA

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    You can also search for this editor in PubMed   Google Scholar

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Table of contents (24 chapters)

  1. Front Matter

    Pages i-xxii
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  2. Introduction

    1. Introduction

      • Franklin R. Edwards, Hugh T. Patrick
      Pages 1-10

  4. Banking and Financial Intermediary Markets

    1. Front Matter

      Pages 39-39
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    2. Japanese Banking, Financial Markets, and Competitive Equality

      • Shohei Yamada
      Pages 41-74

    3. Banking in the United Kingdom and Continental Europe

      • Charles Goodhart
      Pages 75-83

    4. Banking and Financial Intermediary Markets in the United States: Where From, Where to?

      • George G. Kaufman
      Pages 85-103

    5. Financial Intermediation and Liberalization in Japan

      • Shoichi Royama
      Pages 105-119

  5. Securities Markets

    1. Front Matter

      Pages 121-121
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    2. Internationalization and Regulation of the World’s Securities Markets

      • Joseph A. Grundfest
      Pages 123-129

    3. Japanese Securities Markets and Global Harmonization

      • Takashi Kato
      Pages 131-142

    4. Reflections on the CFTC/SEC Jurisdictional Dispute

      • Philip McBride Johnson
      Pages 143-148

  6. Futures Markets

    1. Front Matter

      Pages 149-149
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    2. Regulation of Futures Markets in the United Kingdom

      • Phillip A. Thorpe
      Pages 151-178

    3. The Japanese Financial Futures Market: Present and Future Prospects

      • Yoshiteru Murakami
      Pages 179-187

    4. The Internationalization of Futures Markets: Issues for U.S. Markets

      • Robert K. Wilmouth
      Pages 189-195

  7. International Clearance, Settlement, and Payment Procedures: The Role of Regulation

    1. Front Matter

      Pages 197-197
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Keywords

About this book

Franklin R. Edwards Hugh T. Patrick As the 19908 unfold, we stand on the threshold of a new age of global financial markets. The seeminglyinevitable, market-driven dynamicofthe international integration of banking, securities, and futures markets is bringing about a profound transformation of financial flows and the efficiency and effectiveness of the domestic and international markets serving them. Propelled in the 1980s by a variety offorces-technological, economic, political, and (de)regulatory-the implications of international financial market integration are pervasive. This new era promises to raise a host of new public and business policy issues as well as opportunities. These include issues of financial market integrity, international competitiveness, and regulatory harmony. What will the rules of the game be? How will prudential concerns for the safety as well as the efficiency of international financial markets, and their national counterparts, be met? What are the appropriate new institutional arrangements? How and to what degree will international financial mar­ kets be supervised, harmonized, and regulated, and for what purposes? Whowill be makingthese decisions andimplementingthem?Thesearethe issues that confront-and bedevil-policymakers, practitioners, and scho­ lars alike. 1 2 INTRODUcnON The Context The 1980s were witness to major transformations of the international political, economic, andfinancial environment. Amongthe majordevelop­ ments was rapidly increasing international financial market integration across major nations and across financial product markets. The major sources of financial change were several, interrelated, and reinforcing.

Editors and Affiliations

  • Center for the Study of Futures Markets, Graduate School of Business, Columbia University, New York, USA

    Franklin R. Edwards

  • Center on Japanese Economy and Business, Graduate School of Business, Columbia University, New York, USA

    Hugh T. Patrick

Bibliographic Information

  • Book Title: Regulating International Financial Markets: Issues and Policies

  • Editors: Franklin R. Edwards, Hugh T. Patrick

  • DOI: https://doi.org/10.1007/978-94-011-3880-2

  • Publisher: Springer Dordrecht

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer Science+Business Media New York 1992

  • Hardcover ISBN: 978-0-7923-9155-5Published: 31 October 1991

  • Softcover ISBN: 978-94-010-5727-1Published: 08 October 2012

  • eBook ISBN: 978-94-011-3880-2Published: 06 December 2012

  • Edition Number: 1

  • Number of Pages: XXII, 317

  • Topics: Public Economics, Finance, general, International Economics, Industrial Organization, Business and Management, general

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