Author : Marc Schaberg
Publisher : Edward Elgar Publishing
Page : 208 pages
File Size : 41,29 MB
Release : 1999
Category : Business & Economics
ISBN :
This is an examination of the impact of different financial systems on investment. The text considers the increasing effects of globalization on the relationship between financial systems and investment, with particular reference to the USA, UK, France, Japan and Germany.
Author : James A. Hanson
Publisher : World Bank Publications
Page : 304 pages
File Size : 14,24 MB
Release : 2003
Category : Business & Economics
ISBN : 9780821352083
This book breaks new ground by exploring the challenges, constraints, and opportunities of national financial systems in developing countries, while noting that all such systems must be considered small when viewed in the context of global finance. Banking, securities, contractual savings, and systemic macroeconomic aspects are all considered.
Author : Frederic S. Mishkin
Publisher : Princeton University Press
Page : 321 pages
File Size : 45,50 MB
Release : 2009-10-08
Category : Business & Economics
ISBN : 1400829445
Many prominent critics regard the international financial system as the dark side of globalization, threatening disadvantaged nations near and far. But in The Next Great Globalization, eminent economist Frederic Mishkin argues the opposite: that financial globalization today is essential for poor nations to become rich. Mishkin argues that an effectively managed financial globalization promises benefits on the scale of the hugely successful trade and information globalizations of the nineteenth and twentieth centuries. This financial revolution can lift developing nations out of squalor and increase the wealth and stability of emerging and industrialized nations alike. By presenting an unprecedented picture of the potential benefits of financial globalization, and by showing in clear and hard-headed terms how these gains can be realized, Mishkin provides a hopeful vision of the next phase of globalization. Mishkin draws on historical examples to caution that mismanagement of financial globalization, often aided and abetted by rich elites, can wreak havoc in developing countries, but he uses these examples to demonstrate how better policies can help poor nations to open up their economies to the benefits of global investment. According to Mishkin, the international community must provide incentives for developing countries to establish effective property rights, banking regulations, accounting practices, and corporate governance--the institutions necessary to attract and manage global investment. And the West must be a partner in integrating the financial systems of rich and poor countries--to the benefit of both. The Next Great Globalization makes the case that finance will be a driving force in the twenty-first-century economy, and demonstrates how this force can and should be shaped to the benefit of all, especially the disadvantaged nations most in need of growth and prosperity.
Author : Dimitris N. Chorafas
Publisher : CRC Press
Page : 319 pages
File Size : 43,78 MB
Release : 2016-04-22
Category : Business & Economics
ISBN : 131712684X
So far there has been only praise for globalization. However, the export wave of China’s manufacturing machine and, more recently, the Global financial crisis show that globalization has limits. Globalization, the internationalization of trade, and financial integration are having enormous implications for businesses as well as for the whole economies of countries or blocks of countries. In this book Dr Chorafas argues that research is now producing evidence that there are limits to such globalization and amalgamation and that these need to be better defined and understood if some of the problems now being identified are to be prevented from applying the brakes, or worse, putting the process into reverse gear. The author examines the impact on countries such as the United States and European Union of occurrences like China's emergence as a massive manufacturing platform and the distortions of trade that result, affecting countries' GDP and creating problems such as uncontrollable current account deficits. He also considers the effect of Sovereign Wealth Funds as new entrants on the scene. These, he argues, are seen by some as 'the Trojan horses of state capitalism', particularly in what he defines as the 'absence of a global sheriff'. Globalization’s Limits looks at the EU and the Euroland as a test of globalization. The conclusions Chorafas draws about the effect on member states of pan-European banking, and the Euro as common currency, have implications for Britain and for the rest of the world. Issues relating to missed opportunities and leadership beg questions such as 'Who, if anybody, is or should be in charge of global monetary policy?
Author : Douglas D Evanoff
Publisher : World Scientific
Page : 455 pages
File Size : 10,10 MB
Release : 2009-01-05
Category : Business & Economics
ISBN : 9814470317
The impact of globalization of financial markets is a highly debated topic, particularly in recent months when the issue of globalization and contagion of financial distress has become a focus of intense policy debate. The papers in this volume provide an up-to-date overview of the key issues in this debate. While most of the contributions were prepared after the initial outbreak of the current global turmoil and financial crisis, they identify the relative strengths of the risk diversification and risk transmission processes and examine the empirical evidence to date. The book considers the relative roles of banks, nonbank financial institutions and capital markets in both risk diversification and risk transmission. It then evaluates the current status of crisis resolution in a global context, and speculates where to go from here in terms of understanding, resolution, prevention and public policy.
Author : Kathrin Marisa Leimig
Publisher : GRIN Verlag
Page : 19 pages
File Size : 30,78 MB
Release : 2011-02-22
Category : Political Science
ISBN : 364083934X
Essay from the year 2007 in the subject Politics - Topic: Globalization, Political Economics, grade: 1.0, University of Southampton (School of Humanities), course: Problematising the National, language: English, abstract: What is globalization? Or who is globalization? Is it prudent to make a bargain at ones local H&M branch when buying a shirt as cheap as box of chocolates or does this ostensibly casual snip make oneself guilty of supporting a modern form of slavery taking place somewhere in the developing world? The term globalization creates many questions and provides little answers. For a great majority of the world population globalization in all its complexity and impenetrability is nothing more than a modern myth, a phenomenon that is at the same time inevitable and unchangeable in its nature because it does not necessarily require democratic vote. Its design promotes the assumption that there is nothing anyone can do to change the current globalization process or to intervene in the implementation of economic policies created by the leading international financial institutions. To accept this inevitability like many governments, academics and mass media do means that no resistance is possible. And indeed a growing passivity towards this new form of global governance has emerged, its result being a ‘demonized’ globalization that occurs to only some extent politically restricted, and, surprisingly, without major civil interference. Nevertheless, taking a closer look at the forming and structure of the globalization process allows a clearer understanding of its agents, its forms of delivery and its financial and social consequences for the developed as well as the undeveloped nations.
Author : Michael D. Bordo
Publisher : University of Chicago Press
Page : 600 pages
File Size : 16,15 MB
Release : 2007-11-01
Category : Business & Economics
ISBN : 0226065995
As awareness of the process of globalization grows and the study of its effects becomes increasingly important to governments and businesses (as well as to a sizable opposition), the need for historical understanding also increases. Despite the importance of the topic, few attempts have been made to present a long-term economic analysis of the phenomenon, one that frames the issue by examining its place in the long history of international integration. This volume collects eleven papers doing exactly that and more. The first group of essays explores how the process of globalization can be measured in terms of the long-term integration of different markets-from the markets for goods and commodities to those for labor and capital, and from the sixteenth century to the present. The second set of contributions places this knowledge in a wider context, examining some of the trends and questions that have emerged as markets converge and diverge: the roles of technology and geography are both considered, along with the controversial issues of globalization's effects on inequality and social justice and the roles of political institutions in responding to them. The final group of essays addresses the international financial systems that play such a large part in guiding the process of globalization, considering the influence of exchange rate regimes, financial development, financial crises, and the architecture of the international financial system itself. This volume reveals a much larger picture of the process of globalization, one that stretches from the establishment of a global economic system during the nineteenth century through the disruptions of two world wars and the Great Depression into the present day. The keen analysis, insight, and wisdom in this volume will have something to offer a wide range of readers interested in this important issue.
Author : H. Peter Gray
Publisher : Edward Elgar Publishing
Page : 0 pages
File Size : 48,98 MB
Release : 2005
Category : Balance of payments
ISBN : 9781843768098
Addresses the nature of the linkages between domestic financial systems caused by the globalization of economic activity and capital flows. This collection of articles investigates how these linkages affect developed emerging and developing economies are investigated. It is useful for those involved in international flow of capital.
Author : Financial Crisis Inquiry Commission
Publisher : Cosimo, Inc.
Page : 692 pages
File Size : 25,6 MB
Release : 2011-05-01
Category : Political Science
ISBN : 1616405414
The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.
Author : Joseph E. Stiglitz
Publisher : W. W. Norton & Company
Page : 305 pages
File Size : 36,6 MB
Release : 2003-04-17
Category : Business & Economics
ISBN : 0393071073
This powerful, unsettling book gives us a rare glimpse behind the closed doors of global financial institutions by the winner of the 2001 Nobel Prize in Economics. When it was first published, this national bestseller quickly became a touchstone in the globalization debate. Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank. Particularly concerned with the plight of the developing nations, he became increasingly disillusioned as he saw the International Monetary Fund and other major institutions put the interests of Wall Street and the financial community ahead of the poorer nations. Those seeking to understand why globalization has engendered the hostility of protesters in Seattle and Genoa will find the reasons here. While this book includes no simple formula on how to make globalization work, Stiglitz provides a reform agenda that will provoke debate for years to come. Rarely do we get such an insider's analysis of the major institutions of globalization as in this penetrating book. With a new foreword for this paperback edition.
