In this timely, new book, leading scholars examine current changes in international financial regulation from the perspective of primary global financial powers: the United States, the European Union, Japan and China. Edited by Eric Helleiner, Stefano Pagliari and Hubert Zimmermann, Global Finance in Crisis assesses whether recent ambitious initiatives to improve and strengthen international financial regulation indicates a significant turning point in the regulation of global finance.
This groundbreaking volume provides the first systematic analysis of the international regulatory response to the current global financial crisis. Contributors examine the kinds of international reforms implemented to date and patterns of international regulatory change. They analyze change across many financial sectors, including the regulation of hedge funds, derivatives, credit rating agencies, accounting and banks. They also offer an explanation of contemporary regulatory developments with specific reference to inter-state power dynamics, domestic politics, intergovernmental networks and transnational non-state forces.
