The Resource Governing finance : East Asia's adoption of international standards, Andrew Walter

Governing finance : East Asia's adoption of international standards, Andrew Walter

Label
Governing finance : East Asia's adoption of international standards
Title
Governing finance
Title remainder
East Asia's adoption of international standards
Statement of responsibility
Andrew Walter
Creator
Subject
Language
eng
Summary
"The international financial community blamed the Asian crisis of 1997-1998 on deep failures of domestic financial governance. To avoid similar crises in the future, this community adopted and promoted a set of international "best practice" standards of financial governance. The G7 asked specialized public and private sector bodies to set international standards, and tasked the International Monetary Fund and the World Bank with their global dissemination. Non-Western countries were thereby encouraged to emulate Western practices in banking and securities supervision, corporate governance, financial disclosure, and policy transparency." "In Governing Finance, Andrew Walter explains why Indonesia, Malaysia, South Korea, and Thailand - key targets and test cases of this international standards project - were placed under intense pressure to transform their domestic financial governance. Walter finds that the depth of the economic crisis and more enduring aspects of Asian capitalism, such as family ownership of firms, made substantive compliance with international standards very costly for the private sector and politically difficult for governments to achieve. In spite of international compliance pressure, the result was varying degrees of cosmetic or "mock" compliance. In a book containing lessons for any agency or country attempting to implement lasting change in financial governance, Walter emphasizes the limits of global regulatory convergence in the absence of support from domestic politicians, institutions, and firms."--BOOK JACKET
Cataloging source
Nz
Dewey number
657/.83330218
Illustrations
illustrations
Index
index present
LC call number
HG187.A789
LC item number
W34 2008
Literary form
non fiction
Nature of contents
bibliography
Series statement
Cornell studies in money
Label
Governing finance : East Asia's adoption of international standards, Andrew Walter
Publication
Bibliography note
Includes bibliographical references (p. [211]-226) and index
http://library.link/vocab/branchCode
  • zbnus
  • mel
Contents
  • Introduction : international standards and financial governance -- The Asian crisis and the international financial standards project -- A theory of compliance with international standards -- Banking supervision in Indonesia -- Corporate governance in Thailand -- Banking supervision and corporate governance in Malaysia -- Banking supervision, corporate governance, and financial disclosure in Korea -- Practical and theoretical implications -- Appendix : the key international standards and codes
  • 5
  • Banking Supervision and Corporate Governance in Malaysia
  • 6
  • Banking Supervision, Corporate Governance, and Financial Disclosure in Korea
  • 7
  • Practical and Theoretical Implications
  • App
  • The Key International Standards and Codes
  • 1
  • The Asian Crisis and the International Financial Standards Project
  • 2
  • A Theory of Compliance with International Standards
  • 3
  • Banking Supervision in Indonesia
  • 4
  • Corporate Governance in Thailand
Control code
000041963878
Dimensions
25 cm
Extent
xv, 235 p.
Isbn
9780801446450
Isbn Type
(cloth : alk. paper)
Lccn
2007029235
Other physical details
ill.
http://library.link/vocab/recordID
.b2379060x
System control number
  • ph2379060x
  • (OCoLC)156874759

Library Locations

    • Deakin University Library - Melbourne Burwood CampusBorrow it
      221 Burwood Highway, Burwood, Victoria, 3125, AU
      -37.846510 145.115099
    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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