The financial crisis, which originated in developed country financial markets,
has spread to developing countries and has turned into a global financial
meltdown. Governments and Central Banks--though taking many and costly
measures--seem powerless to stop the crisis. In light of this major global
crisis that is hurting economies across the globe, this highly topical book
focuses on the transparency and regulatory measures that become desirable after
the current crisis; the implications of both the crisis and regulatory
discussions for developing and developed economies; and reforms in the global
financial architecture that might make the global financial system more stable
and more equitable.
Given the depth of the current