Governing the World's Biggest Market : The Politics of Derivatives Regulation...
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Description
Governing the World's Biggest Market : The Politics of Derivatives Regulation After the 2008 Crisis, Hardcover by Helleiner, Eric (EDT); Pagliari, Stefano (EDT); Spagna, Irene (EDT), ISBN 0190864575, ISBN-13 9780190864576, Brand New, Free shipping in the US "In the wake of the 2008 global financial crisis, the regulation of the world's enormous derivatives markets assumed center stage on the international public policy agenda. Critics argued that loose regulation had contributed to the momentous crisis, butlasting reform has been difficult to implement since. What has been done since 2008 to reform the regulation of derivatives markets? This volume examines how G20 governments have developed a coordinated international agenda to enhance control over these markets, which had been allowed to grow largely unchecked before the crisis. At the same time, the analysis shows that the degree of change embodied in this post-2008 reform agenda should not be overstated. The G20 governments have focused primarily just on enhancing the transparency and resilience of the markets, and they have endorsed some continued delegation of key governance functions to private actors and private rule-making. Moreover, the implementation of the G20 reform agenda has been characterized by unanticipated delays and inconsistencies as well as conflict and regulatory fragmentation between G20 members. The volume shows how these post-crisis regulatory trends - both the emergence of the G20 reform agenda and the difficulties associated with its implementation - have been influenced by a complex combination of transnational, inter-state, and domestic political dynamics"--
