Foreword to Chapters 4 and 5
Author:
THOMAS C. BAXTER
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Language:
English
Print Publication Date:
20 May 1998
Keywords:
BOOK; bank; value; transaction; bank supervisor; debtor; settlement risk; derivatives contract; bank secrecy; value card; Currencies; Legal support in revenue administration; Credit; Global; North America; Europe; Caribbean; Eastern Europe; Asia and Pacific; central bank counsel; cross-border payment; cross-border transaction; improvements in technology; Payment systems

Abstract

Three basic themes interest central banks and their counsel: (i) monetary policy, (ii) banks and bank supervision, and (iii) the payment system. The third theme is the focus of Chapters 4 and 5. The payment system can be analogized to the circulatory system of an organism, the life blood that keeps the world’s economic organism healthy and operating. If this analogy is correct, a loss of confidence in the payment system may cause other destructive effects in the world’s economy. Such effects might include a breakdown in commerce, a cessation in commercial transactions, or an economic stagnation that would be of great concern to central banks and central bank counsel.

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Cover Current Legal Issues Affecting Central Banks, Volume V
Current Legal Issues Affecting Central Banks, Volume V
ISBN:
9781557756954
Publication Date:
20 May 1998
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557756954.071
Pages:
867
Front Matter
Chapter 1 Developments at the International Monetary Fund
Chapter 2 The World Bank in the Nineties
Chapter 3 Developments at the International Finance Corporation
Chapter 4 Foreign Exchange Settlement Risk
COMMENT
Chapter 5 Cross-Border Electronic Banking: Perspectives on Systemic Risk and Sovereignty
COMMENT
Afterword to Chapters 4 and 5
Foreword to Chapters 6 and 7
Chapter 6 Stored Value Products: A New Legal Challenge
COMMENT
COMMENT
Chapter 7 Checks and Check Collection: A Comparison Between the Common Law and Geneva Systems
COMMENT
COMMENT
Afterword to Chapters 6 and 7
Foreword to Chapters 8 and 9
Chapter 8 Comparative Banking Supervision
COMMENT
COMMENT
Chapter 9 Bank Failure Case Histories
COMMENT
Afterword to Chapters 8 and 9
Foreword to Chapters 10 and 11
Chapter 10 Internal Controls and Risk Management for Banks
Chapter 11 Sharing of Information Between Supervisory Authorities
COMMENT
Afterword to Chapters 10 and 11
Chapter 12 Resolution of Sovereign Liquidity Crises: Basic Concepts and Issues
Chapter 13 Legal Framework for Dealing with Sovereign Debt Defaults
Chapter 14 Legal Remedies in the Event of a Sovereign Debt Default
Chapter 15 The Debt-Rescheduling Process: Pitfalls and Hazards
Afterword to Chapters 12 to 15
Foreword to Chapters 16 and 17
Chapter 16 Derivatives Activities of Banking Institutions: Initiatives for Supervision and Enhanced Disclosure
COMMENT
COMMENT
Chapter 17 International Law of Bank Secrecy
COMMENT
Chapter 18 Financial Services in the General Agreement on Trade in Services: Framework and the 1995 Negotiations
COMMENT
COMMENT
Back Matter