Emerging Markets Debt:An Analysis of the Secondary Market

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Publisher : Kluwer Law International B.V.
ISBN 13 : 9041197168
Total Pages : 350 pages
Book Rating : 4.0/5 (411 download)

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Book Synopsis Emerging Markets Debt:An Analysis of the Secondary Market by : Ross Buckley

Download or read book Emerging Markets Debt:An Analysis of the Secondary Market written by Ross Buckley and published by Kluwer Law International B.V.. This book was released on 1999-06-22 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: The emerging markets have attained prominence of late as the recent troubles in the principal emerging markets in Asia, Russia and Latin America have threatened global stability. This book is the first detailed study of emerging markets debt and offers a unique insight into one of the world's more significant, and less understood, financial markets. It offers a comprehensive analysis of the evolution of the market in emerging markets debt from 1983 to date. In the aftermath of the debt crisis of the 1980s the banking community discovered the first disposal technique for the sovereign debt of less developed countries andndash; a secondary market in that debt. This market played a major role in the history and amelioration of the debt crisis, the Mexican problems in the mid-1990s, and the recent Asian economic crisis. The market focus of this study is on the indebtedness of Latin American nations, which has formed the backbone of secondary market activity, and the recent developments in Asia. The regulatory focus is on U.S. banks and banking regulation. This book is essential reading for anyone involved with emerging markets debt: bankers, traders, investors, corporate and sovereign issuers, finance lawyers and banking regulators.

Bond Valuation in Emerging Markets

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Publisher : Josef Eul Verlag GmbH
ISBN 13 : 3899366409
Total Pages : 246 pages
Book Rating : 4.8/5 (993 download)

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Book Synopsis Bond Valuation in Emerging Markets by : Valentin Ulrici

Download or read book Bond Valuation in Emerging Markets written by Valentin Ulrici and published by Josef Eul Verlag GmbH. This book was released on 2007 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Debt-for-Development Exchanges

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Publisher : Cambridge University Press
ISBN 13 : 1139499572
Total Pages : 343 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Debt-for-Development Exchanges by : Ross P. Buckley

Download or read book Debt-for-Development Exchanges written by Ross P. Buckley and published by Cambridge University Press. This book was released on 2011-04-25 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: Debt-for-development exchanges are an important financing tool for development. They make debt relief more politically and practically attractive to donor countries and serve the development of recipient countries through the cancellation of external debt and the funding of important development projects. This book commences by chronicling the emergence of debt-for-development exchanges from their forebears, debt-equity exchanges, and analyzes why debt for development suffers from very few of the problems that plagued debt equity. The book analyzes the different types of debt-for-development exchanges and the different ways they have been used by all donor nations that have made use of them. The book then explores a range of critical perspectives on exchanges and concludes by considering a wide range of new and innovative uses for the funds generated by exchanges.

International Financial System

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Publisher : Kluwer Law International B.V.
ISBN 13 : 9041128689
Total Pages : 218 pages
Book Rating : 4.0/5 (411 download)

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Book Synopsis International Financial System by : Ross P. Buckley

Download or read book International Financial System written by Ross P. Buckley and published by Kluwer Law International B.V.. This book was released on 2009-01-01 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides deep analyses of some of the devastating financial crises of the last quarter-centures by showing how such factors as the origins and destinations of loans, bank behaviour, bad timing, ignorance of history, trade regimes, capital flight, and corruption coalesce under certain circumstances to trigger a financial crash.

Rethinking Regulation of International Finance

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Publisher : Kluwer Law International B.V.
ISBN 13 : 9041189181
Total Pages : 280 pages
Book Rating : 4.0/5 (411 download)

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Book Synopsis Rethinking Regulation of International Finance by : Uzma Ashraf Barton

Download or read book Rethinking Regulation of International Finance written by Uzma Ashraf Barton and published by Kluwer Law International B.V.. This book was released on 2016-04-24 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why have financial standards and institutions almost always failed to effectively predict and respond to real-world financial crises? The answer, this challenging book shows, is that international financial law suffers from a persistent lack of judicial or quasi-judicial enforcement mechanisms, leaving flaws in the structure of the international financial system that lead inevitably to excesses that threaten the public good of global financial stability. The author, an internationally renowned legal expert on financial and fiscal reforms, responds to the increasingly urgent call for rethinking the structure and the functioning of international financial law. Centering on the concept of enforcement – which continues to be an unresolved issue in the discipline of international financial law – the analysis describes the likely contours of hard-law regulatory reform. It weighs the pros and cons of much-talked-about regulatory and policy issues like the following and more: – policy implications from the transformation of finance from a domestic to an international concept; – new or revised supervisory and regulatory bodies with redefined mandate, jurisdictions and powers; – possibility of a treaty-based structure similar to the European Union’s integration framework; and – consolidation of crisis-prevention and crisis-management policies; The analysis takes into account instances from trade and monetary systems pertinent to the development of the discipline of international financial law. A concluding chapter explores possibilities for putting in place an asset-backed resilient financial system based on risk-sharing and empowered to legislate reform and authorized to seek compliance from its members. With its provision of unconventional alternatives for further development of international financial law to realize stable, predictable and robust international markets – including early-warning systems and fully primed crisis-prevention mechanisms – the book explores the essential link between global financial stability, effective regulation and institutional development that will engender realistic global policy solutions. It will prove to be of great importance to regulatory and legal practitioners as well as to academic and think-tank scholars.

Future of Regional Cooperation in Asia and the Pacific

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Publisher : Asian Development Bank
ISBN 13 : 9292624938
Total Pages : 536 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis Future of Regional Cooperation in Asia and the Pacific by : Bambang Susantono

Download or read book Future of Regional Cooperation in Asia and the Pacific written by Bambang Susantono and published by Asian Development Bank. This book was released on 2020-11-01 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reviews progress with regional cooperation and integration in Asia and the Pacific and explores how it can be reshaped to achieve a more resilient, sustainable, and inclusive future. Consisting of papers contributed by renowned scholars and Asian Development Bank staff, the book covers four major areas: public goods, trade and investment, financial cooperation, and regional health cooperation. The book emphasizes how the region can better leverage regional integration to realize its vast potential as well as overcome challenges such as the coronavirus disease (COVID-19) pandemic.

The Debt Crisis of the 1980s

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Publisher : Edward Elgar Publishing
ISBN 13 : 1839103639
Total Pages : 355 pages
Book Rating : 4.8/5 (391 download)

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Book Synopsis The Debt Crisis of the 1980s by : Jérôme Sgard

Download or read book The Debt Crisis of the 1980s written by Jérôme Sgard and published by Edward Elgar Publishing. This book was released on 2023-12-15 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a novel account of the debt crisis which hit many developing countries, between 1982 and 1989. Its strong interdisciplinary approach brings together the financial, political and legal dimensions. It will be of major interest for those interested in the economic history of post-WWII decades, sovereign debt in general and financial multilateralism.

From Crisis to Crisis

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Publisher : Kluwer Law International B.V.
ISBN 13 : 9041133542
Total Pages : 362 pages
Book Rating : 4.0/5 (411 download)

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Book Synopsis From Crisis to Crisis by : Ross P. Buckley

Download or read book From Crisis to Crisis written by Ross P. Buckley and published by Kluwer Law International B.V.. This book was released on 2011-01-01 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial system has proven increasingly unstable and crisis-prone since the early 1980s. The system has failed to serve either creditors or debtors well. This has been reinforced by the global financial crisis of 2008, where we have seen systemic weaknesses bring rich countries to the brink of bankruptcy and visit appalling suffering on the poorest citizens of poor countries. Yet the regulatory responses to this crisis have involved little thinking from outside the box in which the crisis was delivered to the world. This book presents a powerful indictment of this regulatory failure and calls for greatly increased attention to international financial law and analyses new regulatory measures with the potential to make a new recognition of the principles that ought to underlie it. Using a historical approach that compares the various financial crises of the past three decades, the authors clearly show how misconceived economic policy responses have paved the way for each next 'crash'. Among the numerous topics that arise in the course of this revealing analysis are the following: overvalued exchange rates; excess liquidity in rich countries; premature liberalisation of local financial markets; capital controls; derivatives markets; accounting standards; credit ratings and the conflicts in the role of credit rating agencies; investor protection arrangements; insurance companies; and payment, clearing and settlement activities. The authors offer detailed commentary on: the role of multilateral development banks, the IMF and the WTO in responding to crises; the role of the Basel Accords, the Financial Stability Forum and Board, and the responses of the European Commission, the US, and the G20 to the most recent crisis. The book concludes by exploring systemic game-changing reforms such as bank levies, financial activities taxes and financial transaction taxes, and a global sovereign bankruptcy regime; as well as measures to remove the currency mismatches from the balance sheets of developing countries. Apart from its great usefulness as a detailed introduction to the international financial system and its regulation, the book is enormously valuable for its clear identification of the areas of regulatory failure, and its analysis of new regulatory approaches that offer the potential for a genuinely more stable system. Banking and investment policymakers at every level, the lawyers that serve these markets and the regulators that seek to regulate them, cannot afford to neglect this book.

Managing Risk in the Financial System

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Publisher : Edward Elgar Publishing
ISBN 13 : 0857933825
Total Pages : 529 pages
Book Rating : 4.8/5 (579 download)

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Book Synopsis Managing Risk in the Financial System by : John Raymond LaBrosse

Download or read book Managing Risk in the Financial System written by John Raymond LaBrosse and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 529 pages. Available in PDF, EPUB and Kindle. Book excerpt: Incisive, authoritative and thoughtful, this important and timely collection of papers exploring the unresolved issues left by the recent global financial turmoil, will undoubtedly shape the policy responses to come. Interdisciplinary in approach and wide-ranging in jurisdictional scope, it draws together influential commentators, practitioners and regulators, to create a new milestone in the search for the fundamentals of a more stable global financial system.? - Eva Lomnicka, King?s College London, UK ?This book contains a large number of chapters, nearly 30 in all, by acknowledged experts on various aspects of the recent financial crisis. Whichever aspect of this crisis that may interest you, such as bank taxes, deposit insurance, TBTF and how to respond, cross-border issues, and many, many others, you will find chapters that are both authoritative and stimulating in this collection. The editors are to be congratulated not only in their selection of authors but also in the speed with which they have taken them from conference presentation to book chapter.? - Charles Goodhart, London School of Economics, UK Managing Risk in the Financial System makes important and timely contributions to our knowledge and understanding of banking law, financial institution restructuring and related considerations, through the production of an innovative, international and interdisciplinary set of contributions which link law and policy issues surrounding systemic risk and crisis management. The recent financial crisis has exposed both the banking industry and financial system safety net players in many countries to a considerable level of distress as well as economic and reputational damage. These circumstances have heightened the need for policymakers to consider remedial measures under a broad umbrella that encompass inter alia prompt corrective actions, early closure of distressed entities, deposit insurance, bail-outs, state-aid, bank resolution and restructuring techniques. These essays provide an important contribution to research in this area, at a crucial time in the debate around the future financial industry. Contributors

Regional Integration in Europe and Latin America

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Author :
Publisher : Routledge
ISBN 13 : 1351150464
Total Pages : 561 pages
Book Rating : 4.3/5 (511 download)

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Book Synopsis Regional Integration in Europe and Latin America by : Pierre van der Haegen

Download or read book Regional Integration in Europe and Latin America written by Pierre van der Haegen and published by Routledge. This book was released on 2019-10-28 with total page 561 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 2004. This comprehensive collection provides an innovative analysis and a comparison between economic and financial integration in Europe and Latin America, addressed from a global, regional and country-specific perspective. It constitutes a valuable overview focusing on three topics: regional integration and monetary cooperation in Europe and Latin America, exchange rate strategies and financial sector structure. The collection is the outcome of a Workshop and high-level Seminar organized by the Banco de España and the European Central Bank that brought together senior European and Latin American central bankers, as well as senior representatives from international institutions. The 31 contributors presented high quality papers, allowing the reader to take advantage of a rigorous economic analysis that uses first-hand information and draws useful lessons for the future.

Eco-finance

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Publisher : Kluwer Law International B.V.
ISBN 13 : 9041123105
Total Pages : 216 pages
Book Rating : 4.0/5 (411 download)

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Book Synopsis Eco-finance by : Paul A. U. Ali

Download or read book Eco-finance written by Paul A. U. Ali and published by Kluwer Law International B.V.. This book was released on 2004-01-01 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Market-based environmental instruments are the most creative of the many initiatives devised to combat air and water pollution and promote biodiversity. Among these, none has attracted more attention than the burgeoning trade in environmental allowances and credits. Originally developed in the United States around 1990, these varieties of tradable instruments were globally validated by the Kyoto Protocol of 1997, which explicitly contemplates the buying and selling of environmental allowances and credits among both sovereign states and corporate entities. Despite U.S. opposition to the Kyoto Protocol, global trading in pollution instruments is growing at an exponential rate, with instruments representing over 70 million tonnes of greenhouse gas emissions estimated to have been traded in 2003. Eco-Finance is the first in-depth legal analysis of this extraordinary hybrid of environmental regulation and global financial markets. It deals with what are currently the two dominant types of market-based environmental instruments: market-traded environmental instruments (which include the tradable pollution allowances envisaged by the Kyoto Protocol), and environmental financing instruments (which include the emerging class of environmental and socially responsible investment funds). Among the numerous topics and issues treated by Ali and Yano are the following: the ?cap-and-trade? regime; debt-for-environment swaps; forestry securitisations; greenhouse gas emissions markets; carbon funds and swaps; tradable green certificates weather derivatives; duty to hedge climatic risks; catastrophe bonds; protected cell companies; the prudent investor rule; and ethical security indices. The authors deal searchingly with the critical legal issues that arise in connection with these market-based environmental instruments, such as the danger that courts might recharacterise underlying risk transfer agreements as illegal insurance products. For this reason, and for its wealth of practical, theoretical, and informational detail, Eco-Finance will be of enormous value to a broad range of legal, governmental, and business professionals, including environmental regulators, securities regulators, financial market professionals, institutional and other fiduciary investors, corporate risk managers, and investment fund managers, as well as practitioners and academics in both environmental law and financial law.

The Routledge Companion to Asian Family Business

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Publisher : Routledge
ISBN 13 : 1000374645
Total Pages : 490 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis The Routledge Companion to Asian Family Business by : Ho-Don Yan

Download or read book The Routledge Companion to Asian Family Business written by Ho-Don Yan and published by Routledge. This book was released on 2021-04-27 with total page 490 pages. Available in PDF, EPUB and Kindle. Book excerpt: This companion provides broad and in-depth insights into family business in Asia and how Asian family firms navigate in the digital economy. The first part of the book looks at key concepts of family business while the second part presents Asian family firms’ cases from Japan, South Korea, China, Taiwan, Hong Kong, Thailand, Malaysia and other Asian economies. This comprehensive reference will help readers understand how family firms in Asia compete and survive in the world market especially in the digital age and why and how Asian economies can emerge as one of the most dynamic regions in the world.

Reinsurance Regulation:A Contemporary and Comparative Study

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Publisher : Kluwer Law International B.V.
ISBN 13 : 904119889X
Total Pages : 244 pages
Book Rating : 4.0/5 (411 download)

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Book Synopsis Reinsurance Regulation:A Contemporary and Comparative Study by : Wallace Wang

Download or read book Reinsurance Regulation:A Contemporary and Comparative Study written by Wallace Wang and published by Kluwer Law International B.V.. This book was released on 2003-01-01 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: We seem to be living at a time when insurance is strained to the breaking point. From hurricanes and earthquakes to terrorist attacks and threats of nuclear devastation, enormous risks to life and property; and accompanying liabilities; proliferate on an unprecedented scale. Insurer insolvency is not yet common, but it is not unusual either. And at the root of such failures often lies the compound failure of uncollectable reinsurance. This important book proposes that a significant part of the emerging insurance crisis results from inadequate regulation of reinsurance. In a detailed and cogent analysis of what an effective regulatory regime for reinsurance must entail, the author examines such factors as the following: direct supervision of reinsurers versus supervision of reinsurance policies models from developed countries (US, UK, EU) and international organisations (Organization for Economic Cooperation and Development, International Association of Insurance Supervisors) the importance of taking legal and economic differences into account while applying models the problem of local protectionism, especially in developing countries the dismantling of trade barriers in the reinsurance industry global harmonization of reinsurance regulation the role of reinsurance intermediaries finite risk reinsurance insurance-linked securities. The author's concluding chapter presents an essential legal infrastructure that allows for efficiency, security, and individual market characteristics. Professor Wang then applies this framework to the Taiwanese insurance market, demonstrating convincingly how his proposed regime can solve specific problems while respecting Taiwan's distinct market environment. As a meticulously considered appraisal of, and solution to, a world problem that is growing quickly and uncontrollably, Reinsurance Regulation will be of immense value to lawyers, professors, academics, and officials who deal with any facet of economic law.

The Volatility Machine

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Publisher : Oxford University Press
ISBN 13 : 0195349482
Total Pages : 266 pages
Book Rating : 4.1/5 (953 download)

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Book Synopsis The Volatility Machine by : Michael Pettis

Download or read book The Volatility Machine written by Michael Pettis and published by Oxford University Press. This book was released on 2001-05-17 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a radically different argument for what has caused, and likely will continue to cause, the collapse of emerging market economies. Pettis combines the insights of economic history, economic theory, and finance theory into a comprehensive model for understanding sovereign liability management and the causes of financial crises. He examines recent financial crises in emerging market countries along with the history of international lending since the 1820s to argue that the process of international lending is driven primarily by external events and not by local politics and/or economic policies. He draws out the corporate finance implications of this approach to argue that most of the current analyses of the recent financial crises suffered by Latin America, Asia, and Russia have largely missed the point. He then develops a sovereign finance model, analogous to corporate finance, to understand the capital structure needs of emerging market countries. Using this model, he finally puts into perspective the recent crises, a new sovereign liability management theory, the implications of the model for sovereign debt restructurings, and the new financial architecture. Bridging the gap between finance specialists and traders, on the one hand, and economists and policy-makers on the other, The Volatility Machine is critical reading for anyone interested in where the international economy is going over the next several years.

Financial Stability Issues:The Case of East Asia

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Publisher : Kluwer Law International B.V.
ISBN 13 : 9041198784
Total Pages : 396 pages
Book Rating : 4.0/5 (411 download)

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Book Synopsis Financial Stability Issues:The Case of East Asia by : Mamiko Yokoi-Arai

Download or read book Financial Stability Issues:The Case of East Asia written by Mamiko Yokoi-Arai and published by Kluwer Law International B.V.. This book was released on 2002-07-08 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whatever can be said about the financial crises that have plagued East Asian countries since the early 1990s, it must be averred that they teach us a great deal. Many earlier assumptions about finance and investment have been called into question, and the field is more open than it has been in many decades to legal and economic analysis and theory. In particular, issues of financial sector reform have come into sharp focus. Here is a new proposal, solidly grounded in current reality, for a regional "zone of law" designed to supplement and benefit domestic reforms under way in Japan and the three emerging economies of Indonesia, South Korea, and Thailand. The author draws on a wide range of relevant material, including exploration of international standards and "best practices" in banking and finance, the experience of the U.S. and the U.K. in planning and implementing reform measures, and the theoretical literature respecting financial crises and what causes them. In this context, the specific reforms applied in the four Asian countries under consideration are discussed in detail, with "lessons to be learned" about crisis detection, containment, and prevention. During the course of the analysis, the author reveals fundamental policy areas where meaningful and effective reform can take place. Financial Stability Issues: The Case of East Asia offers numerous practical applications at the same time as it strikes a rich vein of theory in the field. Its fresh, sensible approach will be greatly appreciated, not only by academic theorists, but by hardheaded business people, policymakers, and regulators as well.

Modern Financial Techniques, Derivatives and Law

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Publisher : Kluwer Law International B.V.
ISBN 13 : 9041197818
Total Pages : 264 pages
Book Rating : 4.0/5 (411 download)

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Book Synopsis Modern Financial Techniques, Derivatives and Law by : Southern Methodist University. Institute of International Banking and Finance

Download or read book Modern Financial Techniques, Derivatives and Law written by Southern Methodist University. Institute of International Banking and Finance and published by Kluwer Law International B.V.. This book was released on 2000-08-08 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work examines both the UK and international regulation, as well as the case law and legislation affecting a wide spectrum of modern financial techniques. Within the scope of those financial techniques are the broad range of instruments, structures and contracts deployed by global financial markets in relation to corporate customers, sovereign entities and other public sector bodies. The essays in this collection are concerned with the nature of the modernity of financial products like derivatives, and the particularly acute challenge that they pose both to the control of financial markets by private law and by established means of regulation. Much of the book focuses on derivatives as exemplars of this broader context. The authors analyse practical and theoretical issues as diverse as credit derivatives, dematerialised securities, the ISDA EMU protocol, and the OTC derivatives market, as well as the regulation of financial products, the economics of financial techniques, and the international regulatory framework. They examine issues of private law, including the legal implications of immobilisation and dematerialisation in collateral transactions, seller liability in credit derivatives markets and fraud. The essays examine the benefits and shortcomings of various legal mechanisms and methods of financial regulation, and suggest new approaches to the questions facing the law of international finance. The essays in this book arose out of the W.G. Hart workshop on Transnational Corporate Finance and the Challenge to the Law held at the Institute of Advanced Legal Studies in London in 1998.

International Banking Regulation:Law, Policy and Practice

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Publisher : Kluwer Law International B.V.
ISBN 13 : 904119794X
Total Pages : 654 pages
Book Rating : 4.0/5 (411 download)

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Book Synopsis International Banking Regulation:Law, Policy and Practice by : George Walker

Download or read book International Banking Regulation:Law, Policy and Practice written by George Walker and published by Kluwer Law International B.V.. This book was released on 2001-12-06 with total page 654 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work offers a comprehensive examination of the development and structure of the provisions for the control of international financial markets. It explores the background to the major financial crises of the late 20th-century and the nature of the global response.