Global Finance at Risk

Global Finance at Risk by John Eatwell

In Global Finance at Risk, two acclaimed economists propose a bold and necessary solution to the financial crises that threaten us all: a World Financial Authority with powers to establish best-practice financial regulation and risk management everywhere. The expansion of finance in industrialized economies, including nineteenth-century Britain and the United States, saw exactly the same kind of turbulence now afflicting Asia, Russia and Latin America. Then, the solution was to establish national banking and securities regulators, deposit insurance and lenders of last resort. But in our increasingly globalized world, the savings account you open at your local bank can be based on bad debt from anywhere in the world, including places outside the jurisdiction of those national agencies. And when banks fail, it is not just their account-holders who suffer, but all of us. This is why, argue John Eatwell and Lance Taylor in this timely and urgent book, effective regulation of the international financial system is crucial for the economic health of all nations. Global Finance at Risk presents a compelling case for the international regulation of world financial systems. Written in a clear and accessible style and addressing one of the most critical issues in the world today, this is a book which deserves to be widely read and discussed.

'No economic development of our time is so threatening as to affect and so little understood as the great and unpredicted movements of financial capital between countriesHere two accomplished scholars of the first rank deal with the problem so created, in clear English, with informed thought and willingness to embrace the evident solution. I strongly recommend it.' John Kenneth Galbraith

'John Eatwell, Neil Kinnock's former economics adviser and now head of a Cambridge college, offers an answer in the form of a "World Financial Authority" to bring some order to a post-national financial system before it takes us all over the cliff ... Lord Eatwell makes an urgent plea for world order in place of the casino chaos that presently exists.' Denis MacShane, The Independent

'[An] excellent book [which] makes powerful reading ... for those of us who cannot quite believe that history has come to an end, or that the US economy has entered a new era of assured growth, or that globalization is wholly viruous; and who are otherwise nervous or unhappy aboout how the world economy developed in the last quarter of the last century.' Times Literary Supplement

John Eatwell is President of Queens' College, Cambridge.

Lance Taylor is the Arnhold Professor of International Cooporation and Development at the New School University.

SKU	Unavailable
ISBN 13	9780745625119
ISBN 10	0745625118
Title	Global Finance at Risk
Author	John Eatwell
Condition	Unavailable
Binding Type	Paperback
Publisher	John Wiley and Sons Ltd
Year published	2000-04-27
Number of pages	272
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.