Abstract
As the activities of financial market players have extended across political boundaries, along with the markets in which they operate, the regulatory and supervisory framework has also adapted in structure. Forms of transnational regulatory authority and a series of enforced and agreed supervisory standards began with attempts to regulate the Euromarkets.1 These early attempts were often, however, the unilateral actions of a particular government, usually the United States attempting to rein in its free-ranging financial institutions and constrain their capital outflows with a view to reducing the payments deficit.
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Notes
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© 1997 Geoffrey R. D. Underhill
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Underhill, G.R.D. (1997). Private Markets and Public Responsibility in a Global System: Conflict and Co-operation in Transnational Banking and Securities Regulation. In: Underhill, G.R.D. (eds) The New World Order in International Finance. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-25315-9_2
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