> >Not enough emphasis is given here to the power of the global financial
> >regulatory community acting through the BIS and sister organisations.
>
>Strange analyzes at length how the regulatory community has been and is
>being circumvented.
I'm very skeptical when I hear this sort of thing, so I'd like to see Strange's argument. The "regulatory community" has been more interested in promoting capital mobility than restricting it. If the major central banks and securities regulators wanted to crank down on mobility, they could. They don't want to.
Doug