Provides a comprehensive survey of recent developments in international financial markets, including developments in emerging capital markets, bond markets, major currency markets, and derivative markets. The report focuses on efforts by the major industrial countries to strengthen the management of financial risk and prundential oversight over the international banking system. It also critically evaluates existing mechanisms for international cooperation of financial supervision and regulation and proposes the development of international banking standards.The year-to-date value of transactions on the New York Stock Exchange (NYSE) reached $1 trillion on March 26, 1996; in 1995 that ... circuit breaker that would have shut down trading for the first time since the rule was implemented following the 1987 stock market crash. ... However, when compared either to the other major countries or to historical levels, this increase is not particularly large (Chart 22).
|Title||:||International Capital Markets: Developments, Prospects, and Key Policy Issues, 1996|
|Author||:||Takatoshi Itō, David Fokke Ihno Folkerts-Landau, Marcel Cassard|
|Publisher||:||International Monetary Fund - 1996-09-17|