The Logic of Financial Nationalism - Federico Lupo-Pasini

The Logic of Financial Nationalism

The Challenges of Cooperation and the Role of International Law
Buch | Hardcover
306 Seiten
2017
Cambridge University Press (Verlag)
978-1-107-18902-7 (ISBN)
129,95 inkl. MwSt
This book discusses the political economy and legal origins of financial nationalism and explains why regulation is necessary to contain systemic risk. The author also examines the critical role of international law in maintaining global financial stability, making this essential reading for scholars and practitioners in international law and finance.
Using case studies ranging from cross-border bank resolution to sovereign debt, the author analyzes the role of international law in protecting financial sovereignty, and the risks for the global financial system posed by the lack of international cooperation. Despite the post-crisis reforms, the global financial system is still mainly based on a logic of financial nationalism. International financial law plays a major role in this regard as it still focuses more on the protection of national interests rather than the promotion of global objectives. This is an inefficient approach because it encourages bad domestic governance and reduces capital mobility. In this analysis, Lupo-Pasini discusses some of the alternatives (such as the European Banking Union, Regulatory Passports, and international financial courts), and offers a new vision for the role of international law in maintaining and fostering global financial stability. In doing so, he fills a void in the law and economics literature, and puts forward a solution to tackle the problems of international cooperation in finance based on the use of international law.

Federico Lupo-Pasini is a lecturer in international business and finance law at Queen's University Belfast School of Law. He studied at the World Trade Institute and at the National University of Singapore, and previously worked at the University of New South Wales. He has been published in numerous journals in the field of international economic law, and he has served as a consultant on international finance and international trade law for the Asian Development Bank, the EU, and various governments in Asia.

Introduction; 1. The logic of externalities; 2. Nationalism and cooperation in international finance; 3. The perils of home-country control; 4. Cross-border banking; 5. Nationalism in sovereign debt; 6. Coordination battles in OTC derivatives regulation; 7. Centralization and its limits; 8. Compliance and global coalitions in international finance law; 9. A different path to financial integration: regulatory passports; 10. Dispute resolution; Concluding remarks.

Erscheinungsdatum
Zusatzinfo Worked examples or Exercises
Verlagsort Cambridge
Sprache englisch
Maße 156 x 233 mm
Gewicht 570 g
Themenwelt Recht / Steuern EU / Internationales Recht
Recht / Steuern Wirtschaftsrecht Bank- und Kapitalmarktrecht
Wirtschaft Volkswirtschaftslehre Finanzwissenschaft
Wirtschaft Volkswirtschaftslehre Makroökonomie
ISBN-10 1-107-18902-0 / 1107189020
ISBN-13 978-1-107-18902-7 / 9781107189027
Zustand Neuware
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