The next great globalization

how disadvantaged nations can harness their financial systems to get rich

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 ...

El sistema de garantías recíprocas en Andalucía

un análisis del modelo y propuesta de futuro

Globalization of financial markets

causes of incomplete integration and consequences for economic policy

The internationalization of financial markets is one of the focal points in the discussion about recent globalization trends. These discussions suggest that capital can move freely between countries. However, there is ample evidence that national borders do matter and that there are many implicit and ...

The development of the financial sector in southeast Europe

innovative approaches in volatile environments

KfW has been assigned responsibility by the German government and several other donors for projects designed to reconstruct the financial landscapes of Southeast Europe. These activities are recognized as quite successful in building sustainable financial institutions that serve the small end of the market, with ...

Exhaustion of the dollar

its implications for global prosperity

The U.S. dollar has served as the key currency of the international economic/financial system for over fifty years. This study assesses the proposition that the series of U.S. current-account deficits over the last twenty years will shortly exhaust the capability of the ...

Who pays for bank insolvency?

How to avoid taxpayers paying for bank failures and banking crises? This book provides a proposal and a critique by twelve independent experts. It is addressed particularly to the threat posed in Europe by having large international banks, a history of bailouts and limited means ...

Europeanization,european integration and financial services

developing theoretical frameworks and synthesising methodological approaches

This book deals with the political philosophy that underpins theories of European integration and develops an understanding of Europeanization based on downloading and up-loading. Downloading is the means by which EU policy is amalgamated with domestic legislation and institutions. Up- loading indicates the use of ...

La economía del pánico

cómo enfrentar las crisis financieras

Desde el inicio de los años noventa, en la rígida geografía de la economía capitalista ha surgido un tipo de interacción inédita entre su centro, rico y poderoso, y su periferia, dominada y frágil. En esta nueva fase de la globalización, la liberalización financiera en ...

Regulating the financial sector in the era of globalization

perspectives from political economy and management

The world's financial landscape is transforming as economies become increasingly interdependent. In Regulating the Financial Sector in the Era of Globalization, Zuhayr Mikdashi examines the role of public authorities and of business executives in the prevention, moderation, containment and resolution of financial problems. The ...

African business finance and development policy

Venture capital

a Euro-System approach

Covers a wide spectrum of topics: it investigates the way venture capital really works, the relations between venture capital, corporate banking and stock exchanges, market trends in Europe and the US, legal issues related to the creation of venture capital firms and closed end funds ...

Asset management and investor protection

an international analysis

Scandals in financial institutions, weakness in the world economy, and volatility in financial markets bring to the fore issues of regulation and consumer protection. This comparative survey of how investors are currently protected in a range of European countries and the USA is set in ...

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 ...

Capitalism, not globalism

capital mobility, central bank independence, and the political control of the economy

While much has been made of recent changes in the international economy, the mechanisms by which politicians control the economy have not fundamentally changed in the postwar period. In Capitalism, Not Globalism, William Roberts Clark challenges both traditional and revisionist globalization theorists in his assertion ...

Financial structure

an investigation of sectoral balance sheets in the G-7

Cross-country comparisons of sectoral balance sheets offer crucial indications of differences in overall financial structure, which in turn underlie contrasts in financing and economic behaviour. In this context, this book aims to confront theory and extant empirical work with aggregate financial data across the G-7 ...

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 ...

Financial structure and economic growth

a cross-country comparison of banks, markets, and development

Redefining financial services

the new renaissance in value propositions

Sector exterior español

Designing financial systems in transition economies

strategies for reform in Central and Eastern Europe

This collection examines the design of financial systems for central and eastern European countries engaged in the transition to market-based economies. It highlights the need for better approaches to measuring performance and providing incentives in banking and for financial mechanisms to encourage private-sector growth. Written ...