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          Do global standards and codes prevent financial crises? Some proposals (English)
          Discussion paper by Benu, Schneider, 2005, 59 pages
          Categories: International Economic Law, International Financial System

          What: After the crises in emerging market economies beginning with that of Mexico in the mid-90s, the adoption of internationally recognized standards and codes (S&C) of financial best practices came to be seen as a way to strengthen the international financial system. This paper evaluates the progress made so far and considers some of the basic assumptions of the S&C\\n initiative. In particular it examines how far S&C can be instrumental in preventing financial crises, and focuses on issues raised by the initiative from a developing-country perspective. Who: Can be used by a teacher on financial systems and policies. How: For a course on how to avoid or prevent financial crises in developing economies.