《INTERNATIONAL MONETARY AND FINANCIAL LAW》

Ⅰ THE REFORM OF THE INTERNATIONAL FINANCIAL ARCHITECTURE3

1.The International Financial Architecture and its Reform after the Global CrisisMario Giovanoli3

2.Reforming the IMFSean Hagan40

3.Crisis Prevention： Lessons from Emerging Markets for Advanced EconomiesJonathan T Fried and JamesA Haley69

4.Standards and the Rule of Law after the Global Financial CrisisWilliam Blair96

5.The G-20 Emphasis on Promoting Integrity in Financial MarketsJames H Freis， Jr104

Ⅱ FINANCIAL REGULATION AND SUPERVISION： THE CRISIS TEST127

6.The Proposals of the Larosiere Group on the Future of Financial Supervision in the European UnionChristos Gortsos127

7.The Implementation of the Larosiere Report： A Progress ReportJean-Victor Louis146

8.The Basel Committee and EU Banking Regulation in the Aftermath of the Credit CrisisKlaus Peter Follak177

9.Striking Changes in US Banking Supervision and RegulationErnest T Patrikis204

10.Lessons for 21st-Century Central Bankers： Differences between Investment and Depositary BankingCynthia Crawford Lichtenstein217

11.The Reform of Financial Regulation in the United Kingdom after the CrisisSandeep Dhama， John Taylor， and Charles Proctor234

12.Regulation of Rating Agencies： Current and FutureTakashi Kubota251

13.Sovereign Wealth Funds and their RegulationJohn Taylor262

Ⅲ FINANCIAL CRISIS RESOLUTION AND LITIGATION ISSUES293

14.The Federal Reserve’s Response to the Crisis： Doing Whatever it Takes Within its Legal AuthorityThomas C Baxter， Jr and David Gross293

15.European Supervisors in the Credit Crisis： Issues of Competence and CompetitionRene Srnits305

16.Legislative Measures to Support Financial Market Stability： The German Example and its European ContextBernd Krauskopf329

17.Cross-border Bank Resolution： A Reform AgendaEva Hupkes and Diego Devos359

18.The Rescue of UBSLuc Thevenoz378

19.How Crisis-Resistant is Islamic Finance？Gopala Krishnan KSundaram392

20.The Donegal Case and the African Legal Support FacilityAdesegun Akinjuwon Akin-Olugbade410

21.The Enforcement of Sovereign DebtEngela CSchlemrner418

Ⅳ MONEY， CENTRAL BANKS， AND PAYMENT OBLIGATIONS449

22.The Objectives of Central BanksFrancois Gianviti449

23.Neutrality of Money and Central Bank IndependenceManuel Monteagudo484

24.In Search of Order in the World Monetary System： State Intervention After the.Decline of the Lex MonetaeKazuaki Sono and Hideki Kanda506

25.An Institutional Theory of MoneyAntonio Sainz de Vicuna517

26.Transfer of Funds： Investment Rules and their Relationship to Other International AgreementsRudolf Dolzer533

27.Global and Cross-border Credit Transfers： The Role of Legislation in Addressing Legal Risk for ParticipantsBenjamin Geva545

28.Indexation and Value ClausesCharles Proctor575

Index593