| Contents |
| Preface |
| I. Developments in the International Monetary Fund
|
| 1. |
Economic, Social, and Cultural Rights and the International
Monetary Fund
François Gianviti |
| 2. |
Publication Policies of the International Monetary Fund
William E. Holder |
|
3.
|
Conditionality in the International Monetary Fund
Ross Leckow |
|
4.
|
Safeguards Assessments and Central Bank Legislation
Thanos Catsambas |
|
5.
|
Overview of the Rules of Conduct and Ethics at the International
Monetary Fund
Joan S. Powers |
| II. Developments in Other International Financial
Institutions |
|
6.
|
The World Bank's Institutional Framework for Combating
Fraud and Corruption
Ko-Yung Tung |
| 7. |
Recent Developments at the Inter-American Development
Bank
J. James Spinner |
| 8. |
Recent Developments at the International Finance Corporation
Carol Mates |
| III. Sovereign Debt Restructuring |
| 9. |
A New Approach to Sovereign Debt Restructuring
Anne O. Krueger |
| 10. |
Collective Action Clauses in International Sovereign
Bonds
Yan Liu |
| IV. Architecture of the International Financial System |
| 11. |
Why Is There So Much Disagreement About the IMF and Reform of the
International Financial Architecture?
Thomas D. Willett |
| 12. |
Development of International Standards of Security
Interests
Pascale De Boeck and Thomas Laryea |
| 13. |
Legal Aspects of the Financial Sector Assessment Program
François Gianviti |
| 14. |
International Reserves-Legal Aspects of Concept and
Usage at the IMF
Roy C. Baban |
| V. Money Laundering and Financing of Terrorism |
| 15. |
Money Laundering and Terrorism Financing: An Overview
Jean-François Thony |
| 16. |
The Methodology for Assessing Compliance with Anti-Money
Laundering and Combating the Financing of Terrorism Standards
Nadim Kyriakos-Saad |
| 17. |
Combating Money Laundering and Terrorism Financing
Louis Forget |
| 18. |
Money Laundering Countermeasures with Primary Focus
on Terrorism and the USA PATRIOT Act of 2001
Fletcher N. Baldwin, Jr. |
| 19. |
The Impact of the USA PATRIOT Act of 2001 on Non-U.S.
Banks
Joseph B. Tompkins, Jr. |
| VI. Central Banking Issues |
| 20. |
Relative Autonomy of the Central Bank
Tobias M.C. Asser |
| 21. |
Frameworks for the Resolution of Government-Central
Bank Conflicts: Issues and Answers
Pierre L. Siklos |
| 22. |
Supervisory Boards in Some Central Banks
Robert Sparve |
| 23. |
Emergency Liquidity Financing by Central Banks: Systemic
Protection or Bank Bailout?
Ross S. Delston and Andrew Campbell |
| 24. |
Profits, Dividends, and Capital-Considerations for
Central Banks
Kenneth Sullivan |
| VII. Banking Issues: Insolvency and Supervision |
| 25. |
Insolvency: Why a Special Regime for Banks?
Eva Hüpkes |
| 26. |
Issues in Cross-Border Bank Insolvency: The European
Community Directive on the Reorganization and Winding-Up of Credit
Institutions
Andrew Campbell |
| 27. |
The Role of Supervisory Authorities in Connection with
Bank Mergers
John V. Austin |
| 28. |
Controlling Systemic Risk in an Era of Financial Consolidation
Arthur E. Wilmarth, Jr. |
| VIII. Payment Systems and Supporting Frameworks |
| 29. |
Risks and Developments in Payment Systems
Kai Barvell |
| 30. |
Hawala and Other Informal Payment Systems: An Economic
Perspective
John F. Wilson |
| 31. |
Reimagining E-Money: Its Conceptual Unity with Other
Retail Payment System
Benjamin Geva and Muharem Kianieff |
| 32. |
The Use of Contractual Structures to Create International
Legal Frameworks for Electronic Commerce
Paul Mallon |
| 33. |
Restoring and Transforming Payment and Banking Systems
in Postconflict Economies
Åke Lönnberg |
| IX. Technology and the Financial Sector |
| 34. |
The Legal Requirements for Creating Secure and Enforceable
Electronic Transactions
Thomas J. Smedinghoff |
| 35. |
Electronic Banking: New Developments and Regulatory
Risks
John D. Wright |
| X. Monetary Arrangements |
| 36. |
"Dollarization": What's in It (or Not) for
the Issuing Country?
David Altig and Ed Nosal |
| 37. |
Use of a Foreign Currency Under the IMF's Articles
of Agreement
François Gianviti |
| XI. Securities |
| 38. |
Insider Trading: A Comparative Perspective
Marc I. Steinberg |
| 39. |
Regulatory Aspects of the Draft Hague Convention on
the Law Applicable to Certain Rights in Respect of Securities Held
with an Intermediary
Philippe Dupont |
| XII. World Trade Organization |
| 40. |
Legal Aspects of the IMF/WTO Relationship: The IMF's
Articles of Agreement and the WTO Agreements
Deborah E. Siegel |
| 41. |
Current Developments Regarding the WTO Financial Services
Agreement
C. Christopher Parlin |
| XIII. Appendixes |
| I. |
Money Laundering and Terrorism Financing |
| II. |
Emergency Liquidity Financing Provisions from 19 Countries |
| III. |
Model Statutory Language for Emergency Liquidity Financing
by the Central Bank |
| IV. |
The Core Principles and Central Bank Responsibilities |
| Biographical Sketches |
