Susan Strange
Search for other papers by Susan Strange in
Current site
Google Scholar
PubMed
Close
Our international guardians
Abstract only
Log-in for full text

With national regulators caught in the midst of change brought on by forces of financial innovation and integration beyond their control, attention shifts to the possibilities of internationally negotiated systems of control. Two very different international institutions have been engaged in financial regulation, namely the Bank for International Settlements (BIS) and the International Monetary Fund (IMF). By the late 1990s, while the BIS was effectively abdicating regulatory authority to the banks themselves, the IMF was increasingly acting as the world's lender of last resort. The IMF also suffers from various limitations on its role as guardian. It is accustomed to dealing with governments, with finance ministry officials who often share professional and ideological mind sets with staff missions and are therefore inclined to cooperate. There is also the concept of deposit insurance as a means of maintaining confidence in the financial system in times of trouble.

  • Collapse
  • Expand

All of MUP's digital content including Open Access books and journals is now available on manchesterhive.

 

Mad Money

With an introduction by Benjamin J. Cohen

Metrics

All Time Past Year Past 30 Days
Abstract Views 220 100 9
Full Text Views 36 6 1
PDF Downloads 26 7 2