MARC Record from Library of Congress

LEADER: 02427cam a2200325 a 4500
001 2011033660
003 DLC
005 20120328083956.0
008 110809s2012 enka b 001 0 eng
010 $a 2011033660
020 $a9781107004849 (hbk. : alk. paper)
020 $a1107004845 (hbk. : alk. paper)
020 $a9780521181679 (pbk.)
020 $a0521181674 (pbk.)
035 $a(OCoLC)ocn747099806
040 $aDLC$cDLC$dYDX$dBTCTA$dGUL$dYDXCP$dDLC
042 $apcc
050 00 $aK4444$b.B78 2012
082 00 $a343/.03$223
084 $aLAW007000$2bisacsh
100 1 $aBrummer, Chris,$d1975-
245 10 $aSoft law and the global financial system :$brule making in the 21st century /$cChris Brummer.
260 $aCambridge ;$aNew York :$bCambridge University Press,$c2012.
300 $aix, 296 p. :$bill. ;$c24 cm.
504 $aIncludes bibliographical references and index.
505 0 $aIntroduction : the perils of global finance -- Territoriality and financial statecraft -- The architecture of international financial law -- A compliance-based theory of international financial law -- How legitimate is international financial law? -- Soft law and the global financial crisis -- The future of international financial law.
520 $a"The global financial crisis of 2008 has given way to a proliferation of international agreements aimed at strengthening the prudential oversight and supervision of financial market participants. Yet how these rules operate is not well understood. Because international financial rules are expressed through informal, non-binding accords, scholars tend to view them as either weak treaty substitutes or by-products of national power. Rarely, if ever, are they cast as independent variables that can inform the behavior of regulators and market participants alike. This book explains how international financial law 'works' - and presents an alternative theory for understanding its purpose, operation and limitations. Drawing on a close institutional analysis of the post-crisis financial architecture, it argues that international financial law is often bolstered by a range of reputational, market and institutional mechanisms that make it more coercive than classical theories of international law predict"--Provided by publisher.
650 0 $aInternational finance$xLaw and legislation.
650 0 $aGlobal Financial Crisis, 2008-2009.
650 0 $aSoft law.