{"product_id":"international-financial-system-ross-p-buckley-9789041128683","title":"International Financial System: Policy and Regulation","description":"\u003cp\u003e'History has a way of repeating itself in financial matters because of a kind of sophisticated stupidity, '\u003cem\u003e John Kenneth Galbraith\u003c\/em\u003e once wrote. In this superb new book, \u003cem\u003eRoss Buckley \u003c\/em\u003esuggests that the stupidity identified by \u003cem\u003eGalbraith \u003c\/em\u003ecan be traced to the persistence of an inadequate legal system for the regulation of international finance - a system rooted in the failure of economists and investors to take the legal demands of real-world finance seriously. Everywhere, trade is glorified while finance tends to be taken for granted. Yet financial flows far exceed trade flows, by a factor of over sixty to one; international financial transactions represent a far greater proportion of the practice of most major law firms than do trade transactions; and international finance, when it goes wrong, brings appalling suffering to the poorest citizens of poor countries.\u003c\/p\u003e \u003cp\u003eIn a powerful demonstration of how we can learn from history, \u003cem\u003eProfessor Buckley \u003c\/em\u003eprovides deep analyses of some of the devastating financial crises of the last quarter-century. He shows how such factors as the origins and destinations of loans, bank behaviour, bad timing, ignorance of history, trade regimes, capital flight, and corruption coalesce under certain circumstances to trigger a financial crash. He then offers well-thought out legal measures to regulate these factors in a way that can prevent the worst from happening and more adequately protect the interests of vulnerable parties and victims. In the course of the discussion he covers such topics as the following: \u003c\/p\u003e \u003cul\u003e \u003cli\u003e;\u003c\/li\u003e \u003cli\u003ethe roles of the Bretton Woods institutions in the globalisation process;\u003c\/li\u003e \u003cli\u003eglobal capital flows;\u003c\/li\u003e \u003cli\u003edebtor nation policies;\u003c\/li\u003e \u003cli\u003ethe effects of the Brady restructurings of the 80s and 90s;\u003c\/li\u003e \u003cli\u003efixed versus floating exchange rates;\u003c\/li\u003e \u003cli\u003ethe social costs of IMF policies;\u003c\/li\u003e \u003cli\u003edebt-for-development exchanges; and\u003c\/li\u003e \u003cli\u003ethe national balance sheet problem.\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003e\u003cem\u003eProfessor Buckley's\u003c\/em\u003e far-reaching recommendations include details of tax, regulatory, banking, and bankruptcy regimes to be instituted at a global level. As a general introduction to the international financial system and its regulation; as a powerful critique of the current system's imperfections; and most of all as a viable overarching scheme for an international finance law framework soundly based on what history has taught us, \u003cem\u003eInternational Financial System: Policy and Regulation\u003c\/em\u003e shows the way to amending a system that repeatedly sacrifices the lives of thousands and compromises the future of millions.\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Ross P. Buckley\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 9041128689\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9789041128683\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Kluwer Law International\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 03\/20\/2009\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 193\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.65lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.40h x 5.90w x 0.50d\u003cbr\u003e\u003cbr\u003e\u003cb\u003eReview Citation(s): \u003c\/b\u003e\u003cbr\u003e\u003ci\u003eReference and Research Bk News\u003c\/i\u003e 08\/01\/2009 pg. 176","brand":"Ross P. Buckley","offers":[{"title":"Paperback","offer_id":47474373132543,"sku":"9789041128683","price":74.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_de7e965f-99f0-4f1f-9b8b-3e253ae53b09.jpg?v=1762316321","url":"https:\/\/www.whiterainbookhouse.com\/products\/international-financial-system-ross-p-buckley-9789041128683","provider":"WR Book House","version":"1.0","type":"link"}