Current Developments in
Monetary and Financial Law, Volume 5
© 2008 International Monetary FundOrdering Information (Chapter 1 available below)
Contents
| Preface | |||
| I. | LEGAL DEVELOPMENTS IN THE IMF | ||
| 1 | The International Monetary Fund’s Legal Instruments to Promote Financial Stability | ||
| Ross Leckow | |||
| II. | CENTRAL BANK LAW | ||
| 2 | The Price Stability Mandate of the European System of Central Banks: A Legal Perspective | ||
| Niall J. Lenihan | |||
| 3 | Should a Central Bank Also Be a Banking Supervisor? | ||
| Francisco José de Siqueira | |||
| III. | FINANCIAL STABILITY: OVERVIEW | ||
| 4 | Understanding Financial Stability: Toward a Practical Framework | ||
| Garry J. Schinasi | |||
| 5 | Institutional Responses to Recent Episodes of Financial Instability | ||
| Charles Enoch | |||
| 6 | The Fund's Role in Sovereign Liquidity Crises | ||
| Kern Alexander | |||
| 7 | Central Banks and Financial Stability : A Survey of Financial Stability Reports | ||
| Martin Čihák | |||
| IV. | RATIONALE FOR REGULATION OF DERIVATIVES AND HEDGE FUNDS | ||
| 8 | Reassessing the Rationale and Practice of Bank Regulation and Supervision after Basel II | ||
| James R. Barth, Gerald Caprio, Jr., and Ross Levine | |||
| 9 | Derivatives Law in the United States: Who Regulates? What Is Regulated? | ||
| Philip McBride Johnson | |||
| 10 | Hedge Funds and the SEC: Observations on the Why and How of Securities Regulation | ||
| Troy A. Paredes | |||
| V. | FINANCIAL DISCLOSURE, LIABILITY OF SUPERVISORS, AND LEGAL RISK IN FINANCIAL MARKETS | ||
| 11 | "To Protect or Not to Protect, That Is the Question": Statutory Protections for Financial Supervisors—How to Promote Financial Stability by Enacting the Right Laws | ||
| Ross Delston and Andrew Campbell | |||
| 12 | Achieving Financial Stability Through Disclosure | ||
| Roberta S. Karmel | |||
| VI. | ANTI-MONEY LAUNDERING— TERRORIST FINANCING AND FINANCIAL STABILITY | ||
| 13 | The Broader Impact of Terrorism on Financial Stability | ||
| Richard Barrett | |||
| 14 | The Impact of Weak AML/CFT Frameworks on Financial Stability | ||
| Zenón Alberto Biagosh | |||
| 15 | Elements of an Effective AML/CFT Framework: Legal, Regulatory, and Best Institutional Practices to Prevent Threats to Financial Stability and Integrity | ||
| Ian Carrington and Heba Shams | |||
| VII. | GOVERNANCE, DEPOSIT INSURANCE, AND MARKET DISCIPLINE | ||
| 16 | The Moral Hazard Implications of Deposit Insurance: Theory and Evidence | ||
| Patricia A. McCoy | |||
| VIII. | PAYMENTS, SETTLEMENT, AND SECURITIES INFRASTRUCTURE | ||
| 17 | The Central Bank’s Role in the Payment System: Legal and Policy Aspects | ||
| Christian A. Johnson and Robert S. Steigerwald | |||
| 18 | Legal Protection of Payment and Securities Settlement Systems and of Collateral Transactions in the European Union | ||
| Diego Devos | |||
| 19 | On the U.S. Commercial Law Response to the Development of Intermediated Securities Holding Systems | ||
| Sandra M. Rocks | |||
| 20 | The Hague Securities Convention | ||
| Christophe Bernasconi | |||
| 21 | The Draft Unidroit Convention on Intermediated Securities: Transactional Certainty and Market Stability | ||
| Herbert Kronke | |||
Biographical Sketches |
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