New Approach to International Finance Regulation Could Prevent Global Financial Crises
The book "Rethinking Regulation of International Finance" challenges the current international financial system, suggesting that its lack of enforcement mechanisms leads to financial crises. The author proposes a compliance-based model to improve global financial stability, emphasizing the need for accountability and legitimacy in regulations. By implementing short-to-medium term reforms and a long-term alternative, the financial system can become safer for all stakeholders, including taxpayers worldwide.