Singer, David Andrew. 2007. Regulating Capital: Setting Standards for the International Financial System. Ithaca, NY: Cornell University Press.
"Writing with clarity and precision, David Andrew Singer makes a major contribution to our understanding of the international regulation of capital flows. His puzzle is why different types of capital flows, all facing financial risk, experience different forms of regulation. Financial stability is fraught with all sorts of risks, which Singer explains eloquently. Systemic risk alone, however, is not sufficient for international regulation. The impetus comes when the forces of globalization cause financial stability to come at the high cost of international competitiveness for the domestic financial industry. Singer argues that national regulators, under the scrutiny of domestic legislatures, take the lead. Regulators navigate between the conflicting goals of financial stability and international competitiveness, and they enter into international negotiations when the trade-off leaves them bleak domestic options. Singer's superb style makes the treatment of complex issues accessible for all audiences—including the policymaking community and beginning students. His original scholarly contributions also make this essential reading for leading experts in the field of political economy."
James Raymond Vreeland, Yale University