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Regulation

Prabhat Patnaik
Monday 07 August, 2017
It was the free flow of foreign capital through “financial liberalization” that led to the East Asian Crisis of 1997, from which the “tiger economies” have not yet recovered fully. Even now, the augmented foreign reserves of these third world countries remain woefully inadequate to finance debt to foreigners, as the hegemony of international finance capital builds over their own assets.
C.P. Chandrasekhar
Friday 07 July, 2017
The very limited Barclays prosecution comes in the wake of a half-hearted investigation effort, which has thus far completely let off all those who took the world economy to the verge of a crisis akin to the Great Depression. It is not clear if anything will finally come out of even this case, which is aimed at merely teaching a lesson to those who hurt a bunch of financial investors by violating insider rules.
Andrew Cornford
Thursday 18 May, 2017
Banking reforms to regulate the financial sector have broadly remained inadequate. In the book reviewed, Shirreff proposes the legal separation of banking activities into three groups, a return to unlimited liability for partners in investment banks and caps on total remuneration as the radical and effective steps needed to stabilise the sector. He also favours scrapping of Basel I and II norms and the application of a financial transaction tax. The global applicability and acceptance of these proposals, however, remains uncertain.
C.P. Chandrasekhar, Jayati Ghosh
Tuesday 25 April, 2017
Despite the government’s efforts to digitise the Indian economy forcibly, non-cash forms of payment appear to have declined as more currency has been made available to the public. This points to major flaws in the government’s coercive approach and the underlying rationale for cashlessness.
C.P. Chandrasekhar
Wednesday 19 October, 2016
: Finance has been able to successfully stall reforms that the 2008-09 crisis had established as being urgent and imperative, and the consequences of that are bound to be damaging.
Willy Zapata Sagastume, Juan Carlos Moreno-Brid, Stefanie Garry
Friday 01 July, 2016
This paper reviews the current status of the struggle against money laundering and the financing of terrorism in Latin America and the Caribbean and highlights the importance of its prevention.
Andrew Cornford
Tuesday 22 September, 2015
This article reviews the Indian model bilateral investment treaty and the major provisions of international investment treaties, often with special attention to their historical development.
C.P. Chandrasekhar, Jayati Ghosh
 
Tuesday 24 March, 2015
The push to recapitalise public sector banks by raising capital through equity issues, on the grounds that Basel III needs make it unavoidable, may be a route to privatisation.
Andrew Cornford
Friday 13 February, 2015
The author reviews in detail the recently updated FSB’s coverage of measures for safeguarding Global Systemically Important Banks.
Andrew Cornford
Wednesday 19 November, 2014
The author argues that the international reform agenda for financial regulation is fraught with several inconsistencies and weaknesses.
 

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