In the twentieth century, the profound transformation of global economy and international finance system has urged the multinational banks to develop enormously and also has sharpened the competition between multinational banks.
Thirdly, after a brief recall of the development of international finance system and through intently analyzing the fundamental malformation of the prevailing international finance system, we find that the supervision and policy-adjustments in developing countries are not consistent on the whole, the body of which shows the game between major currencies-issured-countries.
Part four discusses the countermeasures for our country to keep away finance crisis under financial globalization, aiming at the problem existingin our finance field, such as enhancing ability of banking to keep away risk, boosting the innovation of exchanging rate system, expediting the adjustment in economic structure, opening the capital item in proper sequence, consummating the system of finance supervising, reinforcing international finance cooperation, and advancing the innovation of international finance system.
Transnational investment banking needs to be efficiently supervised with regard to its decisive role in the development of international finance market and the security of international finance system as well as the high risk of security business.
Recently, in the world of highly globalization of economy and capital, laundering money is a big threat to the safety and stability of international finance system.
This article discusses the reform of the international financial system with a focus on the role of the IMF-reforms directed at crisis prevention, and those intended to improve the responses to crises.
This article examines the offshore interface - tax havens and offshore finance centres - that lies between the developed countries and Less Developed Countries (LDCs), part of the international financial system where legitimacy meets corruption.
Abstract Asian financial crisis has inflicted heavy losses upon economy of concerned countries as well as the global economy. The abruptness, seriousness and extensiveness of this crisis as well as its impacts and consequences over the global economy indicate that financial crisis has other more profound global causes and background, particularly with regard to the fact that the current international monetary system cannot deal with the realistic challenges posed by monetary globalization. The reform of the...
The innovation of the international finance promotes the development of the international finance.However,it makes the international finance shakier and the finance supervisory more difficult.Therefore,many developed countries have revised their law and adjusted their policies to deal with these problems. Chinese finance supervisory system must be perfected now;otherwise the safety and the steadiness of our financial system will be lost and the economy will be affected by the international finance crisis. I...