Technological change and financial deregulation have dramatically globalised financial markets. Financial firms have developed innovative financial instruments, such as swaps and derivatives, to meet the often different global demand of investors and borrowers and have organised themselves to...

This report examines the impact of policy interdependence on how governments regulate. It has two purposes. The first is to understand better the dynamics of thc emerging multi-governmental regulatory system, and the relationships, institutions, and processes that comprise its working parts. The...