Partially Segmented International Capital Markets and International Capital Budgeting

1996 ◽  
Author(s):  
Evi Kaplanis ◽  
Ian A. Cooper
Keyword(s):  
Capital Markets ◽  
Capital Budgeting ◽  
International Capital ◽  
International Capital Markets

Part I International Capital Markets in Context, 2 Making International Markets Work—Regulatory Techniques

2021 ◽  
Author(s):  
Jordan Cally
Keyword(s):  
Capital Markets ◽  
International Markets ◽  
Nation State ◽  
International Capital ◽  
National Authority ◽  
National State ◽  
International Capital Markets ◽  
National Initiatives

This chapter discusses the regulatory techniques in the international capital markets. Regulation, as it is usually understood, emanates from a national (or perhaps sub-national) authority and operates locally. Capital markets predate the nation state and have been boundary blind. So, how have modern international capital markets been regulated? Different approaches have waxed and waned in popularity, but several broad groupings can be discerned: inaction; unilateralism; formal and informal cooperative efforts; and international or supra-national initiatives. The different regulatory approaches operating in modern international capital markets are not mutually exclusive; they often coexist or interact, in both a positive and negative manner. Ultimately, the different regulatory approaches to international capital markets, which ones dominate, which ones wither away, have been shaped by the geopolitical forces of empire, the emergence of the supra-national state, and hegemony.

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