Bücher der Reihe Routledge Critical Studies in Finance and Stability

Having faced a crisis in its banking sector nearly a decade earlier, Japan was a pioneer in the use of many unconventional monetary policies used during the global financial crisis of 2008-09. This book assesses measures taken by Japan and examines what they have meant for the practice of economic policy.

Central banks are at the heart of economic policy making and their decisions have a significant impact on the social and economic well-being of citizens. This book extends the research on the political economy of central banking by focusing on the emerging economies in Asia, Africa, Latin America, and the European periphery.

Based on detailed comparative case studies, this new volume from a leading international group of authors reveals fundamental differences in the economic and political ideology underlying the the six Anglo-Saxon `liberal market economies¿ (LMEs), and how this determined their relative resilience in the face of the global financial crisis.

This collection offers a comparative overview of how financial regulations have evolved in various European countries since the introduction of the single European market in 1986. It includes a number of country studies which provides a narrative of the domestic financial regulatory structure at the beginning of the period, as well the means by which the EU Directives have been introduced into domestic legislation and the impact on the financial structure of the economy

Shadow banking - a system of credit creation outside traditional banks - lies at the very heart of the global economy. It accounts for over half of global banking assets, and represents a third of the global financial system. Although the term ''shadow banking'' only entered public discourse in 2007, the importance and scope of this system is now widely recognised by the international policy-makers. There is, however, much less consensus on the origins of the shadow banking system, what role it plays in global political economy and the optimal approach to regulating this complex segment of finance. This volume addresses these questions. Shadow Banking is the first study to bring together the insights from financial regulators, practitioners and academics from across the social sciences. The first part traces the evolution and ongoing confusion about the meaning of ''shadow banking''. The second section draws major lessons about shadow banking as posed by the financial crisis of 2007-09, providing comparative analyses in the US and Europe, and attempts to establish why shadow banking has emerged and matured to the level of a de facto parallel financial system. Finally, the third part goes beyond current regulatory concerns about shadow banking and explains why it is ''here to stay''. This volume is of great importance to political economy, banking and international political economy.

This book provides a comprehensive overview of the financial integration of emerging economies through an in-depth analysis of the international monetary system, how it impacts capital flows and exchange rates, and its implications for policy making.

Based on detailed comparative case studies, this new volume from a leading international group of authors reveals fundamental differences in the economic and political ideology underlying the the six Anglo-Saxon 'liberal market economies' (LMEs), and how this determined their relative resilience in the face of the global financial crisis.