The locus of financial regulation: Home versus host

International Affairs

Volumn 86, Issue 3, 2010, Pages 637-646

  Persaud, Avinash ^a  

^a UNIVERSITY OF CAMBRIDGE   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 77954140039     PISSN: 00205850     EISSN: 14682346     Source Type: Journal    
DOI: 10.1111/j.1468-2346.2010.00902.x     Document Type: Article

References (18)

1. C. Reinhart and K. Rogoff, 'This time is different: a panoramic view of eight centuries of financial crises', working paper 13882 (National Bureau for Economic Research, March 2008).
2. In the April 2009 meeting issues of tax transparency were sent to the OECD and the multilateral development banks were entrusted with supporting a 'green' recovery.
3. See Andrew Baker'sarticle in this special issue.
4. The Group of Thirty, 'The structure of financial supervision' (Washington DC: The Group of Thirty, 2009).
5. Claudio Borio and William R. White, 'Whither monetary and financial stability? The implications of evolving policy regimes', working paper 147 (Basel: Bank for International Settlements, Feb. 2004); Claudio Borio, 'Monetary and financial stability: so close and yet so far', National Institute Economic Review 192: 1, 2005, pp. 84-101.
6. C. A. E. Goodhart and Avinash Persaud, 'How to avoid the next crash', Financial Times, 30 Jan. 2008, and 'A party pooper's guide to financial stability', Financial Times, 5 June 2008.
7. See Markus Brunnermeier, Andrew Crockett, C. A. E. Goodhart and Avinash Persaud, 'The fundamental principles of financial regulation', Geneva report 11 (International Center for Monetary and Banking Studies/National Bureau for Economic Research, 2009).
8. Adair Turner, The Turner Review: a regulatory response to the banking crisis (London: Financial Services Authority, 2009).
9. I first heard this point from Charles Goodhart.
10. Mervyn King, quoted by Adair Turner, press conference, 18 March 2009.
11. See Andrew Baker's article in this special issue.
12. Reinhart and Rogoff, 'This time is different'.
13. For a more in-depth study of alternative roles, see Eric Helleiner, 'What role for the new kid in town? The Financial Stability Board and international standards', draft memo prepared for workshop on 'New foundations for global governance', Princeton University, 8-9 Jan. 2010.
14. See Kern Alexander, John Eatwell, Avinash Persaud and Robert Reoch, 'Clearing and settlement in the EU', DG Internal Policies of the Union, Policy Department for Economic and Scientific Policy, IP/A/ECON/IC/2009-001.
15. See Warwick Commission, In praise of the unlevel playing field (Coventry: University of Warwick, 2009).
16. See the Report of the High Level Group on Financial Supervision in the EU, chaired by Jacques de Larosière, Brussels, 25 Feb. 2009.
17. Recommendations of the UN Commission of Experts on International Monetary and Financial Reform (New York: UN, March 2009).
18. A. Persaud, 'Sending the herd off the cliff edge: the disturbing interaction between herding and market-sensitive risk management systems', Jacques de Larosière award in global finance, Institute of International Finance, Washington DC, 2000, repr. in BIS Papers, 2002.