Financial Stability, Economic Growth, and the Role of Law [Paperback]

This book examines the role of law in financial development and economic growth within institutions.This book examines international and domestic responses to financial crises while providing an agenda for financial development to support economic growth. The volume provides the first comprehensive analysis of the role of law and institutions in financial stability and development.This book examines international and domestic responses to financial crises while providing an agenda for financial development to support economic growth. The volume provides the first comprehensive analysis of the role of law and institutions in financial stability and development.This book is about international and domestic responses to financial crises over the past twenty years. At the same time, it also provides an agenda for financial development to support economic growth while avoiding or reducing the impact of financial crises in individual economies. In so doing, the volume provides the first comprehensive analysis of the role of law and institutions in financial stability and financial development.Part I. Finance and the International Financial Architecture: 1. Law, finance, and development; 2. Financial stability and the international financial architecture; Part II. Foundations of Finance: 3. Preconditions for and institutional underpinnings of finance; 4. Central banking and financial policy; 5. Financial infrastructure; Part III. Financial Regulation and Supervision: 6. Banking: regulation, supervision, and development; 7. Non-bank finance: securities, insurance, pensions, and microfinance; 8. Financial liberalization, financial conglomerates and financial regulatory structure; Part IV. Looking Forward: 9. The international financial architecture; 10. Reforming financial systems.