Provides a comprehensive survey of recent developments in international financial markets, including developments in emerging capital markets, bond markets, major currency markets, and derivative markets. The report focuses on efforts by the major industrial countries to strengthen the management of financial risk and prundential oversight over the international banking system. It also critically evaluates existing mechanisms for international cooperation of financial supervision and regulation and proposes the development of international banking standards.Following the equity market crash of 1987. many countries instituted various forms of circuit breakers. Ten years later, these countries and others are taking a second look a deciding whether to reset the conditions for their use or whether toanbsp;...
|Title||:||International Capital Markets: Developments, Prospects, and Key Policy Issues 1997|
|Author||:||David Fokke Ihno Folkerts-Landau, International Monetary Fund|
|Publisher||:||International Monetary Fund - 1997-12-08|