The structural foundations of international finance

problems of growth and stability

The principal message of this book is that international financial enterprises must be re-oriented towards funding productive activities rather than potentially destabilizing speculation. The effects of financial sector operations are addressed with serious warnings that the dangers of speculative destabilization are increasing as regulatory and ...

Global governance and financial crises

Are global financial markets rational or are manias possible? Should crises be allowed to run their course and purge the system? Should a lender of last resort intervene to dampen their impact on the real economy? This text addresses these and other questions. The editors ...

The offshore world

sovereign markets, virtual places, and nomad millionaires

The atlas of contemporary capitalism is curious indeed. A desperately poor and civil-war-wracked nation, Liberia, is the world's shipping superpower; the Cayman Islands the fifth-largest financial centre in the world; land-locked Zurich a venerable "offshore" banking centre. Indeed, it is estimated that half of ...

Global finance at risk

on real stagnation and instability

Sunanda Sen offers an analysis of the ongoing malaise in the world economy, which include the financial and real instability as well as economic recession and lack of development. Rejecting the explanations advanced by the orthodoxy, she deplores the retrograde steps in the interest of ...

The future of domestic capital markets in developing countries

Now in its fifth year, the "Emerging Markets Series" from the World Bank, International Monetary Fund, and Brookings Institution offers financial policymakers and practitioners a unique resource. Drawn from the proceedings of the 2003 Financial Markets and Development conference, this volume brings together financial sector ...

Turbulent waters

cross-border finance and international governance

The world economy at the end of the twentieth century was afflicted with financial turbulence. Millions of people in emerging-market nations endured severe recessions, and many residents of wealthy nations also experienced losses. Some scholars describe this instability as a consequence of a progressively integrated ...

Money, banking and financial markets

This text strives to bring money and banking up-to-date by providing complete, integrated coverage of topics that are important to the twenty-first century world of money and banking. While covering the basics in the authors' hallmark, student-oriented manner, this book also uniquely integrates coverage of ...

The sink

terror, crime and dirty money in the offshoreworld

"The Money Sink" tells the how, when and why of criminal and terrorist money laundering, the murky and ultra-secret world where the line between legitimate business and crime vanishes. In 1994, when Jeffrey Robinson, author of "The Laundrymen", first brought to the world's attention ...

Corporate governance and capital flows in a global economy

This volume is a timely and insightful exploration into the issues of corporate governance and the impact of corporate governance practices on investments in developing countries. It analyzes global aspects of governance in relation to such issues as corporate performance, privatization, venture capitalism, and workers ...

Capital markets

Capital Markets, 1e provides coverage of global financial markets and institutions, with a focus on globalization, deregulation & consolidation, and technology. The book is distinguished by its focused coverage of global markets, greater coverage of securities markets, and emphasis on modern topics and market practice. It ...

The real exchange rate and prices of traded goods in OECD countries

Real exchange rate changes - resulting either from shifts in nominal exchange rates or increases in costs that are asymmetric across countries - are the primary focus of this text. The book shows how exchange rates and local production costs are passed through into import prices. It ...

Currency overlay

Currency overlay has grown in parallel with the international diversification of institutional investment portfolios. Currency overlay mandates now cover around $100bn in assets, and 18 years since the first overlay mandate, currency overlay has now come of age. Currency Overlay looks at all the components ...

Currency trading

how to access and trade the World's Biggest Market

The fast moving foreign exchange (FOREX) used to be the exclusive domain of banks and other major financial institutions. In 2002, new developments have opened this remarkable arena to the average investor. With these new developments, author Philip Gotthelf provides a comprehensive guide to currency ...

Currency crises in emerging markets

Currency Crises in Emerging Markets, prepared by Warsaw-based Center for Social and Economic Research (CASE), discusses various aspects of currency crises in emerging-market economies: The definitions and theoretical models of currency crises, the causes, management and propagation (contagion effect) of crises, their economic, social and ...

The dollarization debate

With an emphasis on North and Latin America, this work takes a global approach to a controversial topic in the business world; dollarization. With the collapse of the former Soviet Union, and the formation of the euro in Europe, many countries and debating whether or ...

International capital flows in calm and turbulent times

the need for new international architecture

International capital flows in calm and turbulent times analyzes the financial crises of the late 1990s and draws attention to the type of lenders and investors that triggered and deepened the crises. It concentrates on institutional investors and banks and provides detailed analysis of the ...

Wealth by association

global prosperity through market unification

European monetary unification has produced a $15 trillion windfall to its member nations that is rarely discussed or accounted for in analyses of economic integration. The authors argue persuasively that the reduction in cross-border risks is directly responsible for an explosion in the value of ...

Exchange-rate determination

models and strategies for exchange-rate forecasting

Exchange-Rate Determination explores todays most popular models and strategies for forecasting exchange rates, and reveals the strengths, weaknesses, and appropriate applications of each. Covering short-, medium-, and long-run time frames, this essential combination of reference and workbook discusses: -Potential risks and rewards of short-term forecasting ...

Curso sobre mercados monetarios y de divisas

Un nuevo concepto en formación financiera. Este libro sirve de guía a través del complejo mundo de los mercados cambiarlos más poderosos. Está pensado para explicar con claridad el cómo y el porqué de estos mercados, así como el léxico especial asociado a esa actividad ...

The new financial order

risk in the 21st Century

In his best-selling Irrational Exuberance, Robert Shiller cautioned that society's obsession with the stock market was fueling the volatility that has since made a roller coaster of the financial system. Less noted was Shiller's admonition that our infatuation with the stock market distracts ...