Current Developments in
Monetary and Financial Law, Volume 4
© 2005 International Monetary FundOrdering Information (Chapter 1 available below)
Contents
| Preface | |||
| I. | DEVELOPMENTS IN INTERNATIONAL LAW AND AT THE INTERNATIONAL MONETARY FUND | ||
| 1 | Current Legal Aspects of Monetary Sovereignty | ||
| François Gianviti | |||
| 2 | The International Monetary Fund and Current Account Convertibility | ||
| Hector Elizalde | |||
| 3 | The Obligation of Members to Provide Information to the International Monetary Fund Under Article VIII, Section 5: Recent Developments | ||
| Ross Leckow | |||
| 4 | The International Monetary Fund's Work on Financial Stability | ||
| Glenn Gottselig and Anne-Marie Gulde-Wolf | |||
| 5 | Recognition of Governments in International Organizations, Including at the International Monetary Fund | ||
| Ramanand Mundkur | |||
| II. | CENTRAL BANKING ISSUES | ||
| 6 | The Three Pillars of Central Bank Governance: Toward a Model Central Bank Law or a Code of Good Governance? | ||
| Fabian Amtenbrink | |||
| 7 | Central Bank Autonomy, Accountability, and Governance: Conceptual Framework | ||
| Tonny Lybek | |||
| 8 | Interaction of Monetary and Fiscal Policies: Why Central Bankers Worry About Government Budgets | ||
| Paul Hilbers | |||
| 9 | Varieties of Central Bank-Executive Relationships: International Evidence | ||
| Pierre L. Siklos | |||
| III. | SOVEREIGN DEBT RESTRUCTURING | ||
| 10 | Designing a Legal Framework to Restructure
Sovereign Debt |
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| Sean Hagan | |||
| 11 | Inside the Black Box: How Should a Sovereign Bankruptcy Framework Be Structured? | ||
| Patrick Bolton and David A. Skeel, Jr | |||
| IV. | FINANCIAL SYSTEM SUPERVISION | ||
| 12 | Guiding Principles on Regulation and Supervision of Microfinance | ||
| Robert Peck Christen, Timothy Lyman, and Richard Rosenberg | |||
| 13 | Supervision of Financial Conglomerates in the European Union | ||
| Michael Gruson | |||
| 14 | The Regulation and Supervision of Informal Remittance: Emerging Oversight Strategies | ||
| Samuel Munzele Maimbo | |||
| V. | MONEY LAUNDERING AND FINANCING OF TERRORISM | ||
| 15 | Reaching the White-Collar Terrorist: Operational Challenges |
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| Jeff Breinholt | |||
| 16 | Recent Developments in International Monetary Fund Involvement in Anti-Money Laundering and Combating the Financing of Terrorism Matters |
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| Nadim Kyriakos-Saad, Cheong-Ann Png, and Jean-François Thony |
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| VI. | CONFLICTS OF INTEREST AND MARKET DISCIPLINE IN THE FINANCIAL SECTOR | ||
| 17 | Can the Market Control Conflicts of Interest in the Financial Industry? | ||
| Eugene N. White | |||
| 18 | Did Universal Banks Play a Significant Role in the U.S. Economy's Boom-and-Bust Cycle of 1921–33? A Preliminary Assessment |
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| Arthur E. Wilmarth, Jr. | |||
| 19 | Lessons Learned from the Failure of Market Discipline and Regulatory Lapses: How to Prevent Future Busts | ||
| Lynn Turner | |||
| VII. | BANKING AND TECHNOLOGY | ||
| 20 | Nonbank Issuers of Electronic Money: Prudential Regulation in Comparative Perspective |
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| Anita Ramasastry | |||
| 21 | Role and Security of Payment Systems in an Electronic Age | ||
| Mark Fajfar | |||
| VIII. | BANK INSOLVENCY | ||
| 22 | Deposit Insurance and Bank Insolvency in a Changing World: Synergies and Challenges | ||
| Michael H. Krimminger | |||
| IX. | LAW REFORM IN INDONESIA: A CASE STUDY | ||
| 23 | Comments on the Judicial Reform Program in Indonesia | ||
| Daniel S. Lev | |||
| 24 | Out-of-Court Corporate Debt Restructuring: The Jakarta Initiative Task Force | ||
| Ceda Ogada | |||
| 25 | Responding to Currency Crises in Emerging Market Economies: The IMF in Indonesia, Korea, and Brazil | ||
| Shinji Takagi | |||
| X. | APPENDIXES | ||
| I | Main Guidelines on Central Bank Autonomy and Accountability | ||
| II | The World Bank Operational Manual: Operational Policies—Dealings with De Facto Governments | ||
| III | Proposed Features of a Sovereign Debt Restructuring Mechanism | ||
Biographical Sketches |
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