Titlebook: New Institutional Arrangements for the World Economy; Hans-Jürgen Vosgerau Conference proceedings 1989 Springer-Verlag Berlin Heidelberg 1

armistice

The European Monetary System: A Regional Bretton Woods or an Institutional Innovation?ur due to real shocks and inflationary pressures. Experience with flexible exchange rates reveals a number of weaknesses for which the new system cannot be blamed entirely — and there is a growing clamour for exchange rate stability and even for a more systemic reform of the existing international m

Alveoli

轎車

Domestic Bank Regulation in a World of International Banking advances in the computer and communication industries have drastically lowered the costs of transmitting and processing information and thus of executing financial transactions. Financial services products have been re-defined; the efficient scale of operation has been increased, enlarging geograph

nauseate

Commentsoncentrate my remarks on the legal problems national authorities face in consequence of the internationalization of banking operations and will demonstrate this by using the pertinent reform of German legislation, effective since January 1, 1985, as an example. I shall shortly present its main featu

Blatant

The Internationalization of Financial Markets and the Regulatory Responsed technological conditions. Markets have expanded through the increased securitization of the liabilities of non-financial entities, through the increased internationalization of participants, and through the globalization of trading in certain securities. Changes in the relative importance of vario

FOVEA

LEVY

Isthmus