Between power and purpose: Central bankers and the politics of regulatory convergence

International Organization

Volumn 46, Issue 1, 1992, Pages 265-287

  Kapstein, Ethan Barnaby ^a  

^a NONE

Author keywords

[No Author keywords available]

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EID: 84972279294     PISSN: 00208183     EISSN: 15315088     Source Type: Journal    
DOI: 10.1017/S0020818300001508     Document Type: Article

References (68)

1. See Peter Katzenstein, “Conclusion: Domestic Structures and Strategies of Foreign Economic Policy,” in Peter Katzenstein, ed., Between Power and Plenty: Foreign Economic Policies of Advanced Industrial States (Madison: University of Wisconsin Press, 1978), p. 296.
2. see Ethan B. Kapstein, The Insecure Alliance: Energy Crises and Western Politics Since 1944 (New York: Oxford University Press, 1990).
3. David Baldwin, “Power Analysis and World Politics: New Trends Versus Old Tendencies,” in Klaus Knorr, ed., Power, Strategy and Security (Princeton, N.J.: Princeton University Press, 1983), p. 35.
4. Interview with a central banker from the Bank of England, London, June 1991.
5. see Sam Peltzman, “Toward a More General Theory of Regulation,” Journal of Law and Economics 19 (August 1976), pp. 211–40.
6. See G. G. Johnson, Aspects of the International Banking Safety Net (Washington, D.C.: International Monetary Fund, 1983), p. 3.
7. See also Richard Dale, The Regulation of International Banking (Cambridge: Woodhead-Faulkner, 1984), pp. 161–62.
8. Dale, The Regulation of International Banking, p. 162.
9. Dale, The Regulation of International Banking, p. 163.
10. Johnson, Aspects of the International Banking Safety Net, p. 33.
11. Benjamin J. Cohen, In Whose Interest? (New Haven, Conn.: Yale University Press, 1986), p. 212.
12. Benjamin J. Cohen, In Whose Interest? (New Haven, Conn.: Yale University Press, 1986), p. 218.
13. See also William Cline, International Debt and the Stability of the World Economy (Washington, D.C.: Institute for International Economics, 1983)
14. Graham Bird, “Loan Loss Provisions and Third World Debt,” Princeton Essays in International Finance, no. 176, November 1989.
15. Clive Crook, “The Limits of Cooperation,” The Economist, 26 September 1987, p. 49.
16. Cohen, In Whose Interest? p. 214.
17. Thomas Enders and Richard Mattion, Latin America: The Crisis of Debt and Growth (Washington, D.C.: Brookings Institution, 1984).
18. See Jeffrey Sachs, “Managing the LDC Debt Crisis,” Brookings Papers on Economic Activity, no. 2, 1986, pp. 397–440.
19. see BIS, Recent Innovations in International Banking (Basle: BIS, 1986).
20. See R. M. Pecchioli, The Internationalisation of Banking (Paris: Organization for Economic Cooperation and Development, 1983).
21. See Johnson, Aspects of the International Banking Safety Net, p. 1.
22. See Charles Goodhart, The Evolution of Cetztral Banks (Cambridge, Mass.: MIT Press, 1988).
23. See Charles P. Kindleberger, Manias, Panics and Crashes: A History of Financial Crises (New York: Basic Books, 1978).
24. Johnson, Aspects of the International Banking Safety Net, p. 1.
25. See Charles P. Kindleberger, The World in Depression, 1929–1939 (Berkeley: University of California Press, 1973).
26. Johnson, Aspects of the International Banking Safety Net, p. 1.
27. Goodhart, The Evolution of Central Banks, p. 1.
28. see Richard Portes and Alexander Swoboda, eds., Threats to International Financial Stability (Cambridge: Cambridge University Press, 1987).
29. Pecchioli, The Internationalisation of Banking, p. 106.
30. Kapstein, “Resolving the Regulator's Dilemma: International Coordination of Banking Regulations,” International Organization 43 (Spring 1989), pp. 323–47.
31. BIS document, cited by Glenn Tobin in “National Rules and Global Money,” Ph.D. diss., Harvard University, Cambridge, Mass., 1991, p. 204.
32. See BIS, The Management of Banks' Off-Balance-Sheet Exposures (Basle: BIS, 1986); and BIS, Recent Innovations in International Banking (Basle: BIS, 1986).
33. See IMF, International Capital Markets (Washington, D.C.: IMF, December 1986)
34. Andrew S. Carron, “Financial Crises: Recent Experience in U.S. and International Markets,” Brookings Papers on Economic Activity, no. 2, 1982, pp. 395–419.
35. See Lynn Asinoff, “Bank Failures Trip Up Even Small Depositors,” Wall Street Journal, 11 January 1991, p. Cl.
36. Interview with a member of the Federal Reserve system, Cambridge, Mass., 20 May 1991.
37. See Sherman Maisel, Risk and Capital Adequacy in Commercial Banks (Chicago: University of Chicago Press, 1981)
38. Itzhak Swary, Capital Adequacy Requirements and Bank Holding Companies (Ann Arbor: University of Michigan Press, 1980).
39. See Tobin, “National Rules and Global Money,” pp. 204–6.
40. Interview with a member of the Federal Reserve system, Cambridge, Mass., 20 May 1991.
41. see Dale, The Regulation of International Banking, pp. 180–81.
42. See Herbert Grubel, “A Proposal for an International Deposit Insurance Corporation,” Princeton Essays in International Finance, no. 133, July 1979.
43. See Glenn Tobin, “International Capital Adequacy Negotiation,” case study, Kennedy School of Government, Harvard University, Cambridge, Mass., 1989.
44. Interview with a member of the Federal Reserve system, Cambridge, Mass., 20 May 1991.
45. Cohen, In Whose Interest? p. 295.
46. Arthur Burns, “Speech to the American Bankers Association,” Honolulu, Hawaii, 1972.
47. Interviews with central bankers from the Bank of England, London, June 1991.
48. See also P. M. Gardener, UK Banking Supervision (London: Allen & Unwin, 1986)
49. Bernard Wesson, Bank Capital and Risk (London: Institute of Bankers, 1985).
50. Interviews with officials of the Federal Reserve Bank of New York, November 1990.
51. William Seidman, “Bank Supervision in the United States,” in Richard Dale, ed., Financial Deregulation (Cambridge: Woodhead-Faulkner, 1986), p. 78.
52. see Gardener, UK Banking Supervision.
53. Interview with a member of the Federal Reserve system, Cambridge, Mass., 20 May 1991.
54. Federal Reserve Board, “Capital Maintenance: Supplemental Adjusted Capital Measure,” mimeograph, 24 January 1986.
55. American Bankers Association, statement sent to the Federal Reserve Board, 23 May 1986.
56. Interview with a member of the Federal Reserve system, Cambridge, Mass., 20 May 1991.
57. Tobin, “National Rules and Global Money,” p. 221.
58. See Kapstein, “Resolving the Regulator's Dilemma.”
59. Peter Hayward, “Prospects for International Cooperation by Bank Supervisors,” The International Lawyer 24 (Fall 1990), p. 791.
60. See Kapstein, “Resolving the Regulator's Dilemma”
61. Tobin, “National Rules and Global Money.”
62. Interview with a former official of the Bank of England, London, 25 June 1991.
63. see Robert Putnam and Nicholas Bayne, Hanging Together: Cooperation and Conflict in the Seven Power Summits (Cambridge, Mass.: Harvard University Press, 1987).
64. See “Japanese Bank Stock Issues Set Record” American Banker, 31 August 1987, p. 5.
65. BIS Committee on Banking Regulation and Supervisory Practices, “Proposals for International Convergence of Capital Measurements and Capital Standards,” mimeograph, December 1987.
66. Interviews with officials of the Federal Reserve Bank of New York, November 1990.
67. BIS Committee on Banking Regulation and Supervisory Practices, Report on International Developments in Banking Supervision, vol. 7 (Basle: BIS, September 1990).
68. See “An Expanding Universe,” The Economist, 7–13 July 1990.