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Author: Michelle Oliel Publisher: ISBN: Category : Business & Economics Languages : en Pages : 102
Book Description
There has been a growing concern in recent years over China's alleged unilateral and deliberate intervention in the foreign exchange market to prevent the appreciation of its currency relative to other currencies. By engaging in the alleged practice known as "currency manipulation," China's critics argue that its maintenance of an artificially undervalued currency in relation to other currencies provides an unfair competitive advantage to Chinese exporters, thereby thwarting global trade. As a result, the consistency of China's exchange rate arrangements and foreign exchange market intervention with its obligations - namely those under the International Monetary Fund (IMF) and the World Trade Organization (WTO) - have been called into question. Although exchange rate matters are traditionally viewed as falling under the jurisdiction of the IMF, the trade distorting effects of China's exchange rate policies have resulted in calls from lawyers, economists, industry leaders, and lawmakers alike, demanding remedial trade measures under the auspices of the WTO. By engaging in a historically- and empirically-informed legal analysis, this book explores whether China's foreign exchange arrangements and foreign exchange market intervention are consistent with its obligations under the Articles of Agreement of the IMF and whether international trade measures under the auspices of the WTO can be used as an appropriate response to quell China's alleged manipulation of its currency.
Author: Michelle Oliel Publisher: ISBN: Category : Business & Economics Languages : en Pages : 102
Book Description
There has been a growing concern in recent years over China's alleged unilateral and deliberate intervention in the foreign exchange market to prevent the appreciation of its currency relative to other currencies. By engaging in the alleged practice known as "currency manipulation," China's critics argue that its maintenance of an artificially undervalued currency in relation to other currencies provides an unfair competitive advantage to Chinese exporters, thereby thwarting global trade. As a result, the consistency of China's exchange rate arrangements and foreign exchange market intervention with its obligations - namely those under the International Monetary Fund (IMF) and the World Trade Organization (WTO) - have been called into question. Although exchange rate matters are traditionally viewed as falling under the jurisdiction of the IMF, the trade distorting effects of China's exchange rate policies have resulted in calls from lawyers, economists, industry leaders, and lawmakers alike, demanding remedial trade measures under the auspices of the WTO. By engaging in a historically- and empirically-informed legal analysis, this book explores whether China's foreign exchange arrangements and foreign exchange market intervention are consistent with its obligations under the Articles of Agreement of the IMF and whether international trade measures under the auspices of the WTO can be used as an appropriate response to quell China's alleged manipulation of its currency.
Author: United States. Congress. Senate. Committee on Finance. Subcommittee on International Trade Publisher: ISBN: Category : Asian dollar market Languages : en Pages : 46
Author: United States. Congress. House. Committee on Ways and Means. Subcommittee on Trade Publisher: ISBN: Category : Business & Economics Languages : en Pages : 136
Author: Rutsel Silvestre J Martha Publisher: Oxford University Press ISBN: 0191055964 Category : Law Languages : en Pages : 696
Book Description
This is the first volume to comprehensively and systematically study, describe, and theorize the financial obligation created and governed by public international law. Legal globalization has given rise to a number of financial issues in international law in areas as diverse as development financing, investment protection, compensation of human rights victims, and sovereign debt crises. The claims resulting from the proliferation of financial activity are not limited to those primarily involving financial obligation (e.g. loans and grants) but include secondary obligation resulting from the law on international responsibility. Among the many instances of financial obligation covered in this study, the reader will find inter-State financial transactions, inter-State sale of goods, transnational services such as telecommunications and post, the financial operations of multilateral institutions, loans, grants and guarantees provided by the various international financial institutions, certain financial relations between non-State actors (including natural persons) and States, intergovernmental organizations or other international legal actors, and government loans to international organizations. Rich in historical detail and systematic in its coverage of contemporary law, this book will be valued by all practitioners and scholars with an interest in the nature of international financial obligation.
Author: Carol Alexander Publisher: John Wiley & Sons ISBN: 1394178158 Category : Business & Economics Languages : en Pages : 624
Book Description
Identifying malpractice and misconduct should be top priority for financial risk managers today Corruption and Fraud in Financial Markets identifies potential issues surrounding all types of fraud, misconduct, price/volume manipulation and other forms of malpractice. Chapters cover detection, prevention and regulation of corruption and fraud within different financial markets. Written by experts at the forefront of finance and risk management, this book details the many practices that bring potentially devastating consequences, including insider trading, bribery, false disclosure, frontrunning, options backdating, and improper execution or broker-agency relationships. Informed but corrupt traders manipulate prices in dark pools run by investment banks, using anonymous deals to move prices in their own favour, extracting value from ordinary investors time and time again. Strategies such as wash, ladder and spoofing trades are rife, even on regulated exchanges – and in unregulated cryptocurrency exchanges one can even see these manipulative quotes happening real-time in the limit order book. More generally, financial market misconduct and fraud affects about 15 percent of publicly listed companies each year and the resulting fines can devastate an organisation's budget and initiate a tailspin from which it may never recover. This book gives you a deeper understanding of all these issues to help prevent you and your company from falling victim to unethical practices. Learn about the different types of corruption and fraud and where they may be hiding in your organisation Identify improper relationships and conflicts of interest before they become a problem Understand the regulations surrounding market misconduct, and how they affect your firm Prevent budget-breaking fines and other potentially catastrophic consequences Since the LIBOR scandal, many major banks have been fined billions of dollars for manipulation of prices, exchange rates and interest rates. Headline cases aside, misconduct and fraud is uncomfortably prevalent in a large number of financial firms; it can exist in a wide variety of forms, with practices in multiple departments, making self-governance complex. Corruption and Fraud in Financial Markets is a comprehensive guide to identifying and stopping potential problems before they reach the level of finable misconduct.
Author: Michelle Oliel
Author: Michelle Oliel
Author: United States. Congress. Senate. Committee on Finance. Subcommittee on International Trade
Author: United States. Congress. Senate. Committee on Finance
Author: United States. Congress. House. Committee on Ways and Means. Subcommittee on Trade
Author: United States. Congress
Author: 
Author: Morris Goldstein
Author: United States. Congress. House. Committee on Small Business
Author: Rutsel Silvestre J Martha
Author: Carol Alexander