This book investigates the economic rationale for international financial regulation and the structural requirements for effectively managing systemic risk on a global scale. The authors, John Eatwell, Kern Alexander, and Rahul Dhumale, utilize their expertise in economics and law to analyze the failures of current regulatory frameworks. They argue that the increasing integration of global markets necessitates a new, more accountable governance structure to ensure stability and prevent future financial crises.

Experts recognize this work as a foundational text for understanding the complexities of international financial regulation. Readers frequently note the academic density of the prose, which provides a rigorous examination of institutional design in the context of global economic stability.