TY - BOOK ID - 85297266 TI - The logic of financial nationalism : the challenges of cooperation and the role of international law PY - 2017 SN - 1108100163 1108102565 1108102964 1108103367 1108104975 1316986950 1108103774 1107189020 1316638766 9781108104975 9781316986950 1108104576 9781108104579 9781316638767 9781107189027 PB - Cambridge : Cambridge University Press, DB - UniCat KW - Foreign exchange KW - Banking law KW - Capital movements KW - Debts, Public KW - International financial KW - Exchange control KW - Foreign exchange controls KW - Commercial law KW - International travel regulations KW - Law and legislation. KW - Law KW - Economic stabilization. KW - Adjustment, Economic KW - Business stabilization KW - Economic adjustment KW - Stabilization, Economic KW - Economic policy UR - https://www.unicat.be/uniCat?func=search&query=sysid:85297266 AB - Using case studies ranging from cross-border bank resolution to sovereign debt, the author analyzes the role of international law in protecting financial sovereignty, and the risks for the global financial system posed by the lack of international cooperation. Despite the post-crisis reforms, the global financial system is still mainly based on a logic of financial nationalism. International financial law plays a major role in this regard as it still focuses more on the protection of national interests rather than the promotion of global objectives. This is an inefficient approach because it encourages bad domestic governance and reduces capital mobility. In this analysis, Lupo-Pasini discusses some of the alternatives (such as the European Banking Union, Regulatory Passports, and international financial courts), and offers a new vision for the role of international law in maintaining and fostering global financial stability. In doing so, he fills a void in the law and economics literature, and puts forward a solution to tackle the problems of international cooperation in finance based on the use of international law. ER -