The New World Order in International Finance

1. Front Matter

   Pages i-xvii

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2. Introduction

   1. Introduction

      • Geoffrey R. D. Underhill

      Pages 1-13

3. Sectors, Regions and International Co-operation

   1. Front Matter

      Pages 15-15

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   2. Private Markets and Public Responsibility in a Global System: Conflict and Co-operation in Transnational Banking and Securities Regulation

      • Geoffrey R. D. Underhill

      Pages 17-49

   3. Market Regulation and Particularistic Interests: The Dynamics of Insider Trading Regulation in the US and Europe

      • Joseph McCahery

      Pages 50-75

   4. Financial Deregulation and the Transformation of International Risks Insurance

      • Virginia Haufler

      Pages 76-100

   5. The Making of the European Financial Area: Global Market Integration and the EU Single Market for Financial Services

      • Geoffrey R. D. Underhill

      Pages 101-123

   6. The Politics of the EU Single Market for Investment Services: Negotiating the Investment Services and Capital Adequacy Directives

      • Philip Brown

      Pages 124-143

   7. Domestic Politics, Economic Transitions and Central Europe’s Integration into Global Financial Markets

      • Gretchen Rodkey

      Pages 144-173

   8. NAFTA, North American Financial Integration and Regulatory Cooperation in Banking and Securities

      • Tony Porter

      Pages 174-192

4. National Cases

   1. Front Matter

      Pages 193-193

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   2. The Dynamics of Financial Market Reform in Japan, 1975–95

      • Jennifer Holt Dwyer

      Pages 195-221

   3. Globalisation, the State and Financial Reform in the East Asian NICs: The Cases of Korea and Taiwan

      • Mitchell Bernard

      Pages 222-244

   4. Globalisation, the European Union and German Financial Reform: The Political Economy of ‘Finanzplatz Deutschland’

      • Jonathan Story

      Pages 245-273

   5. The French State, Dirigisme, and the Changing Global Financial Environment

      • William D. Coleman

      Pages 274-293

   6. Financial Reform, the United States and the New World Order in International Finance

      • Helen A. Garten

      Pages 294-312

   7. Conclusion: Global Markets, Macroeconomic Instability and Exchange Rate Crises: The Political Economy of the New World Order in International Finance

      • Geoffrey R. D. Underhill

      Pages 313-318

5. Back Matter

   Pages 319-331

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The author provides a clear portrait of the dramatic transformation of the global financial system in the late 20th century. Drawing on work by a prestigious and interdisciplinary set of specialists, this volume looks at the political economy of individual sectors of the financial services industry, at regional market patterns such as the EU and NAFTA, and at individual countries from the Asian NICs to Europe and the United States. The book captures the complexity and dynamics of a sector with vital implications for the future of global economic development.

• East Asia
• economic development
• Europe
• European Union (EU)
• financial markets
• Germany
• globalization
• international finance
• Japan
• macroeconomics
• political economy
• transition
• world order

• University of Warwick, UK

  Geoffrey R. D. Underhill

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