Financial sector governance : the roles of the public and private sectors / Robert E. Litan, Michael Pomerleano, V. Sundararajan, editors.

Format:

Book

Contributor:

Litan, Robert E., 1950-

Pomerleano, Michael.

Sundararajan, Vasudevan.

World Bank.

International Monetary Fund.

Brookings Institution.

Series:

World Bank/IMF/Brookings emerging markets series

Language:

English

Subjects (All):

Financial institutions--Developing countries--Congresses.

Financial institutions.

Corporate governance--Developing countries--Congresses.

Corporate governance.

Capital market--Developing countries--Congresses.

Capital market.

Developing countries.

Genre:

Conference papers and proceedings.

Physical Description:

x, 451 pages : illustrations ; 23 cm.

Place of Publication:

Washington, D.C. : Brookings Institution Press, [2002]

Summary:

"Financial Sector Governance" takes a clinical approach to addressing the challenges in emerging and developed markets in each industry: capital markets, private banks, state-owned banks, asset management companies, public pension funds, and mutual funds. It also explores the linkages between public and private sector governance, and the policy implications for strengthening both sides.

Contents:

1 Strengthening Financial Sector Governance in Emerging Markets / Robert E. Litan, Michael Pomerleano, V. Sundararajan 1

Part 1 Governance of the Financial Sector: A Conceptual Framework and Measurement Issues

2 Corporate Governance in Finance: Concepts and International Observations / Gerard Caprio Jr., Ross Levine 17

3 Valuing Governance: The "Corruption Premium" in Global Capital Flows / Shang-Jin Wei 51

4 Public and Private Misgovernance in Finance: Perverse Links, Capture, and Their Empirics / Daniel Kaufmann 81

Part 2 Financial Sector Governance and the Role of the Public Sector

5 Public Sector Governance and the Finance Sector / Jeffrey Carmichael 121

6 Financial Crisis Prevention and Management: The Role of Regulatory Governance / Udaibir S. Das, Marc Quintyn 163

The Governance of Asset Management Companies: Selected Observations / David C. Cooke 209

Public Sector Banks and the Governance Challenge: The Indian Experience / Y. V. Reddy 235

Part 3 Governance Issues and Banks

7 How Can Banks Exert Better Governance on Corporations? The Polish Experience / Ryszard Kokoszczynski 257

8 New Imperatives in Risk Management: A Commercial Bank's Perspective / Khalid Sheikh 267

How Can Banks Exert Better Governance on Corporations? The Korean Experience / Won-Dong Cho 277

How Can Banks Exert Better Governance on Corporations? The Zimbabwe Experience / L. L. Tsumba 285

Part 4 Governance Issues and the Capital Market

9 Governance of Investment Funds / Sally Buxton, Mark St. Giles 303

10 How Effective Are Capital Markets in Exerting Governance on Corporations? / Cally Jordan, Mike Lubrano 327

11 Governance Issues in Public Pension Fund Management: Preliminary Considerations / Gregorio Impavido 371

Malaysia's Employees Provident Fund and Its Governance: A Critical Review / R. Thillainathan 401

How Capital Markets Exert Governance on Corporates: Experience in Chile / Alvaro Clarke de la Cerda 417

Part 5 Summaries of Breakout Sessions

12 Reports to the Plenary Session 425

Governance of Banks by Public Agencies / David Carse 425

Capital Markets' Governance of Corporations / John C. Coffee Jr. 428

Effective Governance of the Accounting and Legal Professions / Karl Ernst Knorr 430

Asset Management Companies and Governance / Mark St. Giles 431.

Notes:

"Based on a conference entitled Building the Pillars of Financial Sector Governance, held on April 16-19, 2001, in New York City. The conference was jointly sponsored by the World Bank Group, the International Monetary Fund, and the Brookings Institution"-- Added t.p. verso.

Copublished with the World Bank and the International Monetary Fund.

Includes bibliographical references and index.

ISBN:

081575289X

OCLC:

50560364