Published online by Cambridge University Press: 31 March 2022
This chapter addresses the role of international organizations in securing financial stability. Regulating financial stability is a chief concern of capitalist economies. Like in other fields of economic law, the challenge is to strike a balance between protecting a jurisdiction against overspill risks emanating from other jurisdictions, and containing risks across jurisdictions by shifting regulation to the international level. This results in two modes of regulation, which I call sovereignty and cooperation.