Download Adapting to Financial Globalisation by Morten Balling, Elizabeth Hennessy, Eduard H. Hochreiter PDF

By Morten Balling, Elizabeth Hennessy, Eduard H. Hochreiter

In line with a colloquium held by means of SUERF together with the Austrian nationwide financial institution, this booklet addresses the problem of adapting to the calls for of monetary globalisation, a urgent preoccupation of bankers monetary associations and fiscal experts.

Show description

Read Online or Download Adapting to Financial Globalisation PDF

Similar money & monetary policy books

Savage Money

The mark of a civilized economic system is nationwide cash; the English pound, the Australian greenback, the Indian rupee. The mark of a savage economic climate is untamed cash within the kind of cowrie shells, silver, gold and so forth. The state's energy is seriously depending on its skill to cultivate savage cash and to reassert its keep watch over.

Exchange Rates under the East Asian Dollar Standard: Living with Conflicted Virtue

The more and more built-in economies of East Asia—China, Hong Kong, Indonesia, Japan, Korea, Malaysia, the Philippines, Singapore, Taiwan, and Thailand—face the hassle of the way to accomplish exchange-rate defense within the absence of a unifying "Asian euro. " the USA greenback has turn into the region's dominant intraregional buying and selling foreign money in addition to the financial anchor to which East Asian economies informally peg their currencies.

Integrity in Mobile Phone Financial Services: Measures for Mitigating the Risks of Money Laundering and Terrorist Financing (World Bank Working Papers)

Integrity in Mobil cell monetary providers explores techniques to spot and deal with capability cash laundering and terrorist financing dangers in cellular monetary companies. The paper offers suggestions at the top technique of assessing perceived as opposed to genuine dangers and identifies particular measures to mitigate the particular dangers.


Funds makes the area pass round. From the earliest bartering structures to ultra-modern subtle digital transfers of billions of bucks in a break up moment, platforms of alternate have conferred price upon items and companies and created the industrial glue that binds members, companies, groups, and countries jointly.

Additional info for Adapting to Financial Globalisation

Example text

Leaving aside a small number of successful cases, like Dexia, Fortis and Meritanordbanken, full-scale cross-border mergers do not seem to have yet been great successes. In fact, they look more like small to medium size acquisitions than real mergers. Of course, the recently announced acquisition of the medium size and profitable Crédit Commercial de France by HSBC brings a new dimension to the issue. Finally, we have also seen the establishment of new links between the insurance sector and banks.

It comprises representatives from central banks and banking supervisory authorities in the G-10 countries and Luxembourg. It was this committee that, back in 1988, produced the socalled Basel Accord. This was a report that set out the details of an agreed framework for measuring capital adequacy and the minimum standard to be achieved, which the national supervisory authorities represented on the committee intended to implement in their respective countries. The Accord had finally also been endorsed by the G-10 central bank governors.

While this important subject is beyond the scope of my address, I should nevertheless like to warn against too much optimism and to sound a note of caution. Still, it is true that new production and information technologies, combined with open markets intensify competition. This must at least have a temporary impact on productivity and thus on non-inflationary growth. Up to now perhaps more so in the US than in the EU, as the US is further advanced regarding a business friendly regulatory environment, the flexibility of markets and, of course, the internal integration of its economy.

Download PDF sample

Rated 4.19 of 5 – based on 37 votes