Since the 1990's the global capital movements in the world economy took new direction: the previous scruples of the …, specialists and scholars are searching for a better equilibrium of regulation of the financial markets. I am deeply concerned that … analyzing three levels of regulation of financial markets: (1) global, (2) regional and (3) national efforts made to avoid a …

the world is going from one crisis to another. Thus one must consider not only the economics of crisis but as well a kind …

, rightly, has been on market failures and the role of regulation in addressing them. This article looks at the role of domestic … tradeoffs.We investigate the role that financial regulation plays in addressing domestic policy failures and in controlling the … failures; and we discuss the limits of regulation …

and financial regulation. A key question here is whether the internationalisation of the world's capital markets, so often … regulatory structure that was forged long before the present liberalisation of the world's capital markets …