What is it about?
As well as highlighting recent initiatives being undertaken by government regulators such as the CFTC and SEC, to regulate virtual currencies such as the crypto currency markets, this paper highlights why the need to address unregulated financial markets – with particular focus on shadow banking activities, presents ever growing concerns – not just for investors and regulators, but also in respect of their interconnectedness with other financial sectors
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Photo by Ales Krivec on Unsplash
Why is it important?
Because of the inter connectedness of virtual currencies with other financial sectors
Perspectives
As the United States looks set to order an imposition of tariffs on aluminum (10%) and steel (25%) imports, the announcement does not only appear to be unsettling financial markets, but also triggering further questions relating to whether the announcement signifies the era of protectionist stances – as well as repercussions over possible retaliations by its closest trading partners - and whether the intended aims of such tariffs – namely the protection of jobs, will eventually be countered by detrimental impacts to technological firms and industrial companies.
Prof Marianne Ojo
Northwestern University
Read the Original
This page is a summary of: Unregulated Financial Markets and the Shadow Banking Narrative: China, India and the United States, SSRN Electronic Journal, January 2018, Elsevier,
DOI: 10.2139/ssrn.3124991.
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Resources
Préserver l'avenir et les relations commerciales mondiales: Impacts de Développements mondiaux récents
Comment aborder les défis posés par la répartition inégale des bénéfices de la mondialisation? De sorte que l'imposition de droits de douane excessivement élevés - ainsi que des mesures antidumping - ne compensent pas les gains positifs découlant de la libéralisation des échanges et de la mondialisation. Ce numéro spécial souligne les progrès, les justifications et les développements attribués aux cycles commerciaux mondiaux tels que les cycles commerciaux de l'Uruguay et de Doha - ainsi que les défis et les lacunes de ces cycles. Il vise également à mettre en évidence et relever les défis présentés aux relations commerciales mondiales en raison de l'échec des banquiers centraux à apprécier pleinement les conséquences et l'impact - ainsi que la contribution des économies émergentes à tous les niveaux d'inflation de tous les temps. Cela n'a pas été démontré lors de la préparation de la crise financière de 2008, mais a également entraîné l'introduction de la réglementation Bâle III - et en particulier du ratio de levier de Bâle 2010. Les Etats-Unis semblant vouloir imposer des droits de douane sur les importations d'aluminium (10%) et d'acier (25%) durant la première semaine de mars 2018, l'annonce ne semble pas seulement perturber les marchés financiers mais susciter d'autres questions. si l'annonce signifie l'ère des positions protectionnistes - ainsi que les répercussions sur les éventuelles représailles de ses partenaires commerciaux les plus proches - et si les objectifs de ces tarifs - à savoir la protection des emplois - seront éventuellement contrecarrés par des impacts préjudiciables aux entreprises technologiques et les entreprises industrielles. How do we address challenges presented by unequal distribution of the benefits of globalization? Such that the imposition of unduly high tariffs-as well as anti-dumping measures, do not offset positive gains to be derived from trade liberalization and globalization. This special issue highlights progress, rationales and developments attributed to world trade rounds such as the Uruguay and Doha trade rounds-as well as challenges and shortcomings of these rounds. It also aims to highlight and address challenges presented to global trade relations as a result of the failure of central bankers to appreciate fully the consequences and impact-as well as contribution of emerging economies to all time low levels of inflation. This has not been demonstrated in the build up to the 2008 Financial Crisis, but also prompting the introduction of Basel III regulations-and particularly the 2010 Basel leverage ratio. As the United States looks set to order an imposition of tariffs on aluminum (10%) and steel (25%) imports during the first week of March 2018, the announcement does not only appear to be unsettling financial markets, but also triggering further questions relating to whether the announcement signifies the era of protectionist stances-as well as repercussions over possible retaliations by its closest trading partners-and whether the intended aims of such tariffs-namely the protection of jobs, will eventually be countered by detrimental impacts to technological firms and industrial companies.
reserving the Future and Global Trade Relations: Impacts of Recent Global Developments (Préserver L'Avenir Et Les Relations Commerciales Mondiales: Impacts De Développements Mondiaux Récents)
How do we address challenges presented by unequal distribution of the benefits of globalization? Such that the imposition of unduly high tariffs – as well as anti-dumping measures, do not offset positive gains to be derived from trade liberalization and globalization. This special issue highlights progress, rationales and developments attributed to world trade rounds such as the Uruguay and Doha trade rounds – as well as challenges and shortcomings of these rounds. It also aims to highlight and address challenges presented to global trade relations as a result of the failure of central bankers to appreciate fully the consequences and impact – as well as contribution of emerging economies to all time low levels of inflation. This has not been demonstrated in the build up to the 2008 Financial Crisis, but also prompting the introduction of Basel III regulations – and particularly the 2010 Basel leverage ratio.
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