Current Legal Issues Affecting Central Banks, Volume VThis volume, edited by Robert C. Effros, focuses on how technology is affecting the world of banking and finance in an era of increasing globalization. The advent of electronic money, stored value cards, and internet transactions are discussed, as well as the impact of technology on cross-border banking and its implications for central banks. Other issues examined are the legal and regulatory frameworks for risk management of banks, sovereign debt, the international laws of bank secrecy, and financial services within the context of the GATT Agreement on Trade Services. |
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Introduction | xi |
Developments at the International Monetary Fund | 1 |
1B On Being a Lawyer in the International Monetary Fund | 14 |
The World Bank in the Nineties | 29 |
Developments at the International Finance Corporation | 49 |
Foreword to Chapters 4 and 5 | 58 |
Comment | 85 |
Perspectives | 107 |
Comment | 297 |
Afterword to Chapters 10 and 11 | 303 |
RESOLUTION OF SOVEREIGN LIQUIDITY CRISES | 309 |
Legal Framework for Dealing with Sovereign | 317 |
Philip R Wood 407 | 332 |
Legal Remedies in the Event of a Sovereign | 339 |
Comment | 343 |
Pitfalls and Hazards | 353 |
Comment | 121 |
Afterword to Chapters 4 and 5 | 133 |
Comment | 156 |
A Comparison Between | 163 |
Comment | 178 |
Afterword to Chapters 6 and 7 | 194 |
Comment | 218 |
Bank Failure Case Histories | 227 |
9B Bank Failures in Nordic Countries | 233 |
9C Bank Failures in Latin America | 241 |
Afterword to Chapters 8 and 9 | 249 |
Internal Controls and Risk Management for Banks | 263 |
10B Effective Tools for the Host Country Supervisor | 274 |
Sharing of Information Between Supervisory Authorities | 283 |
Afterword to Chapters 12 to 15 | 380 |
Payments Materials | 427 |
Convention Providing a Uniform Law for Bills | 466 |
with Respect to CrossBorder and MultiCurrency | 627 |
Reducing Foreign Exchange Settlement Risk Excerpt | 635 |
Basle Committee on Banking Supervisions Core | 647 |
The Supervision of Financial | 655 |
EC Directive on CrossBorder Credit Transfers | 677 |
EC Directive as Regards Recognition of Contractual | 688 |
The Right to Financial Privacy Act Excerpts | 697 |
U S Regulations on Financial Record Keeping | 709 |
Notes | 733 |
Biographical Sketches | 797 |
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