Overview

This book is a leading authority on central banking and financial regulation, including detailed legal and policy analysis of the institutions that safeguard monetary stability and financial stability nationally, at the EU level and globally. The new edition has been renamed (previously 'Legal Foundations of International Monetary Stability') to better reflect the book's breadth of coverage, which includes an in-depth study of central banking, a fresh look at supervision, regulation and crisis management after the global financial crisis. It also includes updated material on the law of the European Central Bank and banking union, the law of the IMF and work undertaken by international standard-setters, in particular the FSB and the Basel Committee.Part I focuses on national developments, Part II deals with EU developments and Part III examines international developments. Each of these sections commences with a historical chapter, then analyses the framework of the 'monetary architecture'. Finally, each part considers the 'financial architecture' with regard to the functions of financial supervision (micro and macro) and surveillance, regulation and crisis management, including lender of last resort and resolution.

Full Product Details

9780199671090

Table of Contents

Reviews

Professor Lastra, one of the world's preeminent authorities on financial regulation, has done both the academy and practitioners an enormous service in updating her seminal work on central banks in the global financial system. This edition skilfully describes the current system and fills in the gaps relating to recent reforms-and as such is a critical contribution to the literature. Chris Brummer, Professor of Law at Georgetown University and C. Boyden Gray Fellow on Global Finance and Growth, Atlantic Council The recent financial crisis has spawned a huge volume of new legislation and policy initiatives at national, regional and international levels. This has been especially pronounced in the Eurozone, where the inadequacy of the original institutional design was rapidly exposed by gathering storm. An initial raft of ad hoc measures is now giving way to longer term remedial planning, but the scope, pace and nature of the reforms necessarily tends to obscure their importance and complicates the quest for a clear understanding of the new structures. In line with her unfailing practice and drawing upon her unparalleled reservoir of experience, Professor Lastra provides a lucid and accessible explanation of all of these developments, and guides the reader through a minefield of new regulation and policy. Charles Proctor, Partner, Fladgate LLP The new book of Rosa Lastra revises and updates a former edition on financial and monetary law at national, European and international levels. There are few specialists in this multidisciplinary field who could present such a rigorous synthesis of this vast topic and to succeed in achieving this goal in less than 600 pages. Professor Lastra's book, based on a profound knowledge of the subject, is a timely one because it takes into account the financial and institutional developments which derive from the most serious crisis since the great depression of the thirties. Jean-Victor Louis, Professor Emeritus, University of Brussels International Financial and Monetary Law is a great work. For bankers, economists, lawyers and regulators, it covers the entire terrain of law and regulation relating to money, emphasizing the key role of central banks. It is particularly instructive in its examination of the role of central banks as lenders of last resort. Hal S. Scott, Nomura Professor and Director of the Program on International Financial Systems (PIFS) at Harvard Law School International Financial and Monetary Law, Rosa Lastra's excellent new book, greatly extends and updates the author's previous work, at a moment in history where recent crises are stimulating new and deeper thinking about the legal and institutional foundations of system. Moreover, is not a just for lawyers! Any policy maker, economist and market practitioner interested in where this complicated and rapidly changing world of international money, central banking and finance is heading will greatly benefit from consulting and reading this superb book by one of the world's greatest experts in the field. Arminio Fraga, former presidente, Central Bank of Brazil, founding partner, Gavea Investimentos iInternational and Financial Monetary Lawr is a classic. The author is one of the greatest writers in this field and has in the second edition of this work delivered a four du force. If you want to know about the law and practice of central banking, the IMF, the meaning of money and the international architecture generally, all in one magnificent volume, you have to read this outstanding work. Philip Wood QC (Hon), Allen & Overy LLP

iInternational and Financial Monetary Lawr is a classic. The author is one of the greatest writers in this field and has in the second edition of this work delivered a four du force. If you want to know about the law and practice of central banking, the IMF, the meaning of money and the international architecture generally, all in one magnificent volume, you have to read this outstanding work. Philip Wood QC (Hon), Allen & Overy LLP Professor Lastra, one of the world's preeminent authorities on financial regulation, has done both the academy and practitioners an enormous service in updating her seminal work on central banks in the global financial system. This edition skillfully describes the current system and fills in the gaps relating to recent reforms-and as such is a critical contribution to the literature. Professor Chris Brummer, Georgetown University, and C. Boyden Gray Fellow on Global Finance and Growth, Atlantic Council The recent financial crisis has spawned a huge volume of new legislation and policy initiatives at national, regional and international levels. This has been especially pronounced in the Eurozone, where the inadequacy of the original institutional design was rapidly exposed by gathering storm. An initial raft of ad hoc measures is now giving way to longer term remedial planning, but the scope, pace and nature of the reforms necessarily tends to obscure their importance and complicates the quest for a clear understanding of the new structures. In line with her unfailing practice and drawing upon her unparalleled reservoir of experience, Professor Lastra provides a lucid and accessible explanation of all of these developments, and guides the reader through a minefield of new regulation and policy. Charles Proctor, Partner for Fladgate LLP

The recent financial crisis has spawned a huge volume of new legislation and policy initiatives at national, regional and international levels. This has been especially pronounced in the Eurozone, where the inadequacy of the original institutional design was rapidly exposed by gathering storm. An initial raft of ad hoc measures is now giving way to longer term remedial planning, but the scope, pace and nature of the reforms necessarily tends to obscure their importance and complicates the quest for a clear understanding of the new structures. In line with her unfailing practice and drawing upon her unparalleled reservoir of experience, Professor Lastra provides a lucid and accessible explanation of all of these developments, and guides the reader through a minefield of new regulation and policy. Charles Proctor, Partner for Fladgate LLP

Author Information

Rosa Lastra is Professor in International Financial and Monetary Law at the Centre for Commercial Law Studies, Queen Mary, University of London.

Tab Content 6

Customer Reviews

Recent Reviews

Countries Available