ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

Financial Norms: Complying with Standards

Complying with Standards Raghbendra Jha writes: It is almost a truism now that global financial and, indeed, goods and services markets are getting increasingly integrated. By implication, government policies and regulations that impinge on such markets can cause international spillover effects, which need to be managed. To achieve this it is important to set norms, adherence to which would provide early warning of such spillover effects. Further, uniform standards across major markets would reduce transaction and compliance costs and thereby increase financial market efficiency. In this sense uniform standards serve as international public goods

Dear reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top