Abstract
This paper explores the two way relationship between banking regulations1 and the development of banks, mainly in the USA,2 although reference may also be made to Canada, Europe and Japan. Banking regulations are directly influenced by considerations of monetary policy and economic stability. It is claimed, however, that the development of banks also influences changes in regulations aimed at contributing to that same development. The health of the monetary system may, at times, be equated with the health of the banks. There is thus a myriad of factors influencing change in banking regulations. These factors may well be pulling in different directions, as the objectives, for example, of greater banking prudence are not necessarily compatible with the international competitiveness of nationally-based banks.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Bibliography
Brady, N.F. (1989) ‘Remarks to the Brookings Institution and the Bretton Woods Committee Conference on Third World Debt’, Treasury News, March.
Comptroller of the Currency, Cofinancing and Financial Advisory Services Department (1989) ‘The Tax, Accounting, and Regulatory Treatment of Sovereign Debt’, Staff Working Paper.
Comptroller of the Currency, Federal Deposit Insurance Corporation and Federal Reserve Board (1983) ‘Joint Memorandum: Programme for Improved Supervision and Regulation of International Lending’.
Comptroller of the Currency, Federal Deposit Insurance Corporation and Federal Reserve Board (1988) ‘International Convergence of Capital Measurement and Capital Standards’, approved by the Basle Committee on Banking Regulations and Supervisory Practices, July.
GAO (United States General Accounting Office) (1988) ‘International Banking. Supervision of Overseas Lending is Inadequate’, Report to Congressional Requesters, May.
Griffith-Jones, S. and RodrÃguez, E. (1988) ‘Private International Finance and Industrialisation of the LDCs’, in H. Singer, N. Hatti and R. Tandon (eds) Resource Transfer and Debt Trap, Part 1 (New Delhi: Ashish Publishing House).
Hoffman, K. and Kaplinsky, R. (1988) Driving Force: The Global Restructuring of Technology, Labour and Investment in the Automobile Components Industry (Boulder, Colorado: Westview Press).
Hurlock, J. (1985) ‘Debt Restructure Agreements: Perspective of Counsel for Borrowing Countries’, in W. Eskridge (ed.) A Dance Along the Precipice: The Political and Economic Dimensions of the International Debt Problem.
International Bank Lending (1983) ‘Hearings before the Subcommittee on Financial Institutions Supervision, Regulation and Insurance of the House Committee on Banking, Finance and Urban Affairs’, 98th Congress, 1st Session, 274, statement of C.T. Conover, Comptroller of the Currency.
International Lending Supervision Act (ILSA) (1983) U.S.C.A.
Johnson, C. (1982) ‘The International Credit Market’, paper presented to the Financial Times/World Bank Conference, 9 December.
Kane, E.J. (1988) ‘How Market Forces Influence the Structure of Financial Regulation’, in W. Haref (ed.) Restructuring the Financial System (Washington: American Enterprise Institute).
Kane, E.J. (forthcoming) ‘International Competition in the Market for Financial Regulatory Services’, in H. Singer et al. (eds).
Lichtenstein, C.C. (1985) ‘The US Response to the International Debt Crisis: The International Lending Supervision Act of 1983’, Virginia Journal of International Law, 25 (2).
Lissakers, K. (1984) ‘Bank Regulation and International Debt’, in R.E. Feinberg and V. Kallab (eds) Uncertain Future: Commercial Banks and the Third World, Overseas Development Council, US-Third World Perspectives, No. 2 (Washington, DC).
Mitchell, C. (1987) ‘8 per cent Capital Standard for International Banks’, New York Law Journal, 30 December.
Nicoll, A. (1988) ‘Volcker Optimistic on Third World Debt’, Financial Times, 13 February.
Pecchioli, R.M. (1987) Prudential Supervision in Banking (Paris: OECD).
Williamson, M. (1988) ‘The Role of Banking Regulation in Third World Debt Strategies’, Working Paper, Overseas Development Council, May.
Editor information
Editors and Affiliations
Copyright information
© 1992 Ennio RodrÃguez
About this chapter
Cite this chapter
RodrÃguez, E. (1992). The Political Economy of Banking Regulations. In: RodrÃguez, E., Griffith-Jones, S. (eds) Cross-Conditionality Banking Regulation and Third-World Debt. Macmillan International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-12416-9_1
Download citation
DOI: https://doi.org/10.1007/978-1-349-12416-9_1
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-12418-3
Online ISBN: 978-1-349-12416-9
eBook Packages: Palgrave Political & Intern. Studies CollectionPolitical Science and International Studies (R0)