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Vol 22 No 11 Nov/Dec 2017

Book of the Month

Cover of The Law of Contract Damages

The Law of Contract Damages

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Secondhand & Out of Print

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This book is now Out of Print.
A new edition has been published, the details can be seen here:
Soft Law and the Global Financial System: Rule Making in the 21st Century 2nd ed isbn 9781107569447

Soft Law and the Global Financial System: Rule Making in the 21st Century

ISBN13: 9780521181679
New Edition ISBN: 9781107569447
Published: March 2012
Publisher: Cambridge University Press
Country of Publication: UK
Format: Paperback
Price: Out of print

The global financial crisis of 2008 has given way to a proliferation of international agreements aimed at strengthening the prudential oversight and supervision of financial market participants. Yet how these rules operate is not well understood.

Because international financial rules are expressed through informal, non-binding accords, scholars tend to view them as either weak treaty substitutes or by-products of national power. Rarely, if ever, are they cast as independent variables that can inform the behavior of regulators and market participants alike.

This book explains how international financial law 'works' – and presents an alternative theory for understanding its purpose, operation and limitations. Drawing on a close institutional analysis of the post-crisis financial architecture, it argues that international financial law is often bolstered by a range of reputational, market and institutional mechanisms that make it more coercive than classical theories of international law predict.

Banking and Finance
1. The perils of global finance
2. Territoriality and financial statecraft
3. The architecture of international financial law
4. A compliance-based theory of international financial law
5. How legitimate is international financial law?
6. Soft law and the global financial crisis
7. The future of international financial law.