Global Finance in the 21st Century by Kourabas, Steve;

Short description:

Global Finance in the 21st Century explains finance and its regulation after the global financial crisis. The book introduces non-finance scholars into the broader debate regarding the conduct and regulation of finance to encourage broader discussion on important societal issues that relate to finance.

Long description:

Global Finance in the 21st Century: Stability and Sustainability in a Fragmenting World explains finance and its regulation after the global financial crisis. The book introduces non-finance scholars into the wider debate regarding the conduct and regulation of finance to encourage broader discussion on important societal issues that relate to finance. The book also explores the ineffectiveness of the current approach to global prudential governance and places this discussion within the more expansive context of global governance and nationalism in the twenty-first century. The book argues that fragmentation and the growing trend of promoting informality and voluntarism has facilitated a return to nationalism as a primary form of global governance that acts contrary to post-crisis reforms that seek to promote stability and sustainability in the conduct of finance. As a remedy, Kourabas suggests that we need more, not less, of what we have traditionally conceived as international law – treaties and treaty-based international organisations. In the field of finance, this means not only pursuing financial liberalisation through free trade and investment treaties, but also the inclusion of provisions in these treaties that promotes systemic financial stability and sustainable development objectives. Of interest to legal and non-legal academics and students, legal professionals and policy-makers, this book offers a nuanced defence of international law as an approach to global governance in finance and beyond, as well as reform of international law to meet the needs of twenty-first century society.

"A clarion and deeply original call to bring prudential regulation within the treaty framework of international economic law – a challenging contribution to current thinking" - Professor Ross Buckley of UNSW Law

Table of Contents:

CHAPTER 1 – INTRODUCTION: HOW DO YOU SOLVE A PROBLEM LIKE GLOBAL FINANCE?

CHAPTER 2 – THE ROLE OF FINANCE IN SOCIETY: FROM BARTER TO FINTECH

CHAPTER 3 – 21st CENTURY POST-CRISIS FINANCE: STABILITY AND SUSTAINABILITY AS NEW ‘META’ NORMS OR MARKET RE-EMERGENCE?

CHAPTER 4 –FINANCIAL REGULATION IN (GLOBAL) CONTEXT

CHAPTER 5 - A ‘MICRO’ APPROACH TO A ‘MACRO’ PROBLEM: THE ONGOING CHALLENGES OF GLOBAL FINANCE IN A RESURGENT STATE-BASED WORLD

CHAPTER 6 – A MODERN TREATY-BASED REGIME FOR SYSTEMIC FINANCIAL STABILITY AND SUSTAINABLE DEVELOPMENT