© 2003

The Road to International Financial Stability

Are Key Financial Standards the Answer?

  • Editors
  • Benu Schneider

Part of the International Political Economy Series book series (IPES)

Table of contents

  1. Front Matter
    Pages i-xiv
  2. Introduction

    1. Benu Schneider
      Pages 1-12
  3. Developing-country Perspectives and Experience

    1. Front Matter
      Pages 13-13
    2. T C A Anant
      Pages 87-97
    3. Javier Guzmán Calafell
      Pages 98-109
    4. Andrew Walter
      Pages 110-141
  4. Developed-country Perspectives

  5. Private-sector Perspectives

    1. Front Matter
      Pages 157-157
    2. Michael Metcalfe, Avinash Persaud
      Pages 170-178
  6. Invited Commentary

    1. Front Matter
      Pages 193-193
  7. Back Matter
    Pages 215-247

About this book


After the crisis in emerging market economies in the mid-late 1990s, the adoption of internationally recognised standards, or codes of good practice, was seen as a way to help strengthen the international financial system. This volume examines whether the standards and codes exercise can make a meaningful contribution to global financial stability and examines the developing country perspective. It takes the first steps in answering some of the open questions in the field.


Asia East Asia financial crisis Germany information prevention rating stability

About the authors

T.C.A ANANT Delhi School of Economics, University of Delhi, India MICHAEL BATES Oxford Analytica, UK ALASTAIR CLARK Executive Director, Bank of England, UK ANDREW CORNFORD UNCTAD, Switzerland JAVIER GUZMAN Director of International Affairs, Banco de México DAVID LUBIN HSBC, UK MICHAEL METCALFE State Street Bank and Trust Company, Switzerland AZIZ ALI MOHAMMED G-24, Pakistan AXEL NAWARTH Deustche Börse, Germany AVINASH PERSAUD State Street Bank and Trust Company, Switzerland LIONEL PRICE Fitch Sovereign Ratings, UK Y.V. REDDY International Monetary Fund, USA ANDREW WALTER London School of Economics, UK

Bibliographic information

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