Complexities Of Financial Globalisation

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Complexities of Financial Globalisation

Tony Cavoli,Sasidaran Gopalan,Ramkishen S. Rajan
Complexities of Financial Globalisation Book PDF

Author : Tony Cavoli,Sasidaran Gopalan,Ramkishen S. Rajan
Publisher : Routledge
Page : 275 pages
File Size : 40,6 Mb
Release : 2020-05-07
Category : Business & Economics
ISBN : 9781000067477

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Complexities of Financial Globalisation by Tony Cavoli,Sasidaran Gopalan,Ramkishen S. Rajan Pdf

Since the 1990s, several emerging market and developing economies (EMDEs) have, to varying degrees, embraced the process of financial globalisation, broadly defined as a set of policies that involve allowing for greater openness to cross-border capital flows as well as greater market access to foreign financial institutions. This book provides a systematic empirical analysis on the complex interactions between financial sector development, macroeconomic and financial stability in EMDEs in general and those in the Asian region in particular. The book consists of three sections pertaining to monetary and exchange rate policies under financial globalisation; financial inclusion and macroeconomic policies in the context of financial liberalisation; and finally, the dynamics of foreign direct investment flows and their real impacts in EMDEs. Each of the chapters analyse important economic policy issues of contemporary relevance and is informed by data and rigorous empirical analysis. The book will be appealing to anyone interested in exploring the implications of a key set of issues emanating from financial globalisation on EMDEs in a rigorous but readable manner.

Handbooks in Financial Globalization

Anonim
Handbooks in Financial Globalization Book PDF

Author : Anonim
Publisher : Academic Press
Page : 0 pages
File Size : 55,9 Mb
Release : 2012-11-30
Category : Business & Economics
ISBN : 0124072267

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Handbooks in Financial Globalization by Anonim Pdf

These three volumes present the full complexity of the history, practices, and outlook of 21st century global financial integration. The Handbook of Key Global Financial Markets, Institutions, and Infrastructure explores the growth of markets, intermediaries, rights, practices, and standards worldwide. The Evidence and Impact of Financial Globalization devotes separate articles to specific crises, the conditions that cause them, and the longstanding arrangements devised to address them. The Handbook of Safeguarding Global Financial Stability examines our political economy, particularly the ways in which formal and informal policies as well as financial theories and technical models inhabit our institutions, strategies, and tactics. For those seeking substantial, authoritative descriptions and summaries, these volumes will replace books, journals, and other information sources with a coherent, easy-to-use reference work. Reveals and analyzes examples of financial integration in both triumph and crisis Features international perspectives on strategies and tactics for resolving crises Concentrates on economic and financial topics without introducing broader cultural subjects

The Globalization Paradox

Dani Rodrik
The Globalization Paradox Book PDF

Author : Dani Rodrik
Publisher : Oxford University Press
Page : 369 pages
File Size : 50,6 Mb
Release : 2011-03-24
Category : Business & Economics
ISBN : 9780199603336

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The Globalization Paradox by Dani Rodrik Pdf

For a century, economists have driven forward the cause of globalization in financial institutions, labour markets, and trade. Yet there have been consistent warning signs that a global economy and free trade might not always be advantageous. Where are the pressure points? What could be done about them?Dani Rodrik examines the back-story from its seventeenth-century origins through the milestones of the gold standard, the Bretton Woods Agreement, and the Washington Consensus, to the present day. Although economic globalization has enabled unprecedented levels of prosperity in advanced countries and has been a boon to hundreds of millions of poor workers in China and elsewhere in Asia, it is a concept that rests on shaky pillars, he contends. Its long-term sustainability is not a given.The heart of Rodrik>'s argument is a fundamental 'trilemma': that we cannot simultaneously pursue democracy, national self-determination, and economic globalization. Give too much power to governments, and you have protectionism. Give markets too much freedom, and you have an unstable world economy with little social and political support from those it is supposed to help. Rodrik argues for smart globalization, not maximum globalization.

Emerging Market Economies and Financial Globalization

Leonardo E. Stanley
Emerging Market Economies and Financial Globalization Book PDF

Author : Leonardo E. Stanley
Publisher : Anthem Press
Page : 260 pages
File Size : 44,5 Mb
Release : 2018-03-15
Category : Business & Economics
ISBN : 9781783086757

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Emerging Market Economies and Financial Globalization by Leonardo E. Stanley Pdf

In the past, foreign shocks arrived to national economies mainly through trade channels, and transmissions of such shocks took time to come into effect. However, after capital globalization, shocks spread to markets almost immediately. Despite the increasing macroeconomic dangers that the situation generated at emerging markets in the South, nobody at the North was ready to acknowledge the pro-cyclicality of the financial system and the inner weakness of “decontrolled” financial innovations because they were enjoying from the “great moderation.” Monetary policy was primarily centered on price stability objectives, without considering the mounting credit and asset price booms being generated by market liquidity and the problems generated by this glut. Mainstream economists, in turn, were not majorly attracted in integrating financial factors in their models. External pressures on emerging market economies (EMEs) were not eliminated after 2008, but even increased as international capital flows augmented in relevance thereafter. Initially economic authorities accurately responded to the challenge, but unconventional monetary policies in the US began to create important spillovers in EMEs. Furthermore, in contrast to a previous surge in liquidity, funds were now transmitted to EMEs throughout the bond market. The perspective of an increase in US interest rates by the FED is generating a reversal of expectations and a sudden flight to quality. Emerging countries’ currencies began to experience higher volatility levels, and depreciation movements against a newly strong US dollar are also increasingly observed. Consequently, there are increasing doubts that the “unexpected” favorable outcome observed in most EMEs at the aftermath of the Global Financial Crisis (GFC) would remain.

The Butterfly Defect

Ian Goldin,Mike Mariathasan
The Butterfly Defect Book PDF

Author : Ian Goldin,Mike Mariathasan
Publisher : Princeton University Press
Page : 320 pages
File Size : 49,7 Mb
Release : 2015-10-20
Category : Political Science
ISBN : 9780691168425

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The Butterfly Defect by Ian Goldin,Mike Mariathasan Pdf

How to better manage systemic risks—from cyber attacks and pandemics to financial crises and climate change—in a globalized world The Butterfly Defect addresses the widening gap between the new systemic risks generated by globalization and their effective management. It shows how the dynamics of turbo-charged globalization has the potential and power to destabilize our societies. Drawing on the latest insights from a wide variety of disciplines, Ian Goldin and Mike Mariathasan provide practical guidance for how governments, businesses, and individuals can better manage globalization and risk. Goldin and Mariathasan demonstrate that systemic risk issues are now endemic everywhere—in supply chains, pandemics, infrastructure, ecology and climate change, economics, and politics. Unless we address these concerns, they will lead to greater protectionism, xenophobia, nationalism, and, inevitably, deglobalization, rising inequality, conflict, and slower growth. The Butterfly Defect shows that mitigating uncertainty and risk in an interconnected world is an essential task for our future.

Following the Money

National Research Council,Division of Behavioral and Social Sciences and Education,Commission on Behavioral and Social Sciences and Education,Panel on International Capital Transactions,Anne Y. Kester
Following the Money Book PDF

Author : National Research Council,Division of Behavioral and Social Sciences and Education,Commission on Behavioral and Social Sciences and Education,Panel on International Capital Transactions,Anne Y. Kester
Publisher : National Academies Press
Page : 224 pages
File Size : 40,5 Mb
Release : 1995-10-12
Category : Political Science
ISBN : 9780309176903

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Following the Money by National Research Council,Division of Behavioral and Social Sciences and Education,Commission on Behavioral and Social Sciences and Education,Panel on International Capital Transactions,Anne Y. Kester Pdf

Many questions have been raised about America's status in the increasingly interconnected global economy. Yet key factsâ€"such as the amount of foreign assets abroad owned by U.S. citizensâ€"are not known. The crucial data needed to assess the U.S. position are unavailable. This volume explores significant shortcomings in U.S. data on international capital transactions and their implications for policymakers. The volume offers clearcut recommendations for U.S. agencies to bring data collection and analyses of the global economy into the twenty-first century. The volume explores: How factors emerging since the early 1980s have shaped world financial markets and revealed shortcomings in data collection and analysis. How the existing U.S. data system works and where it fails how measurements of international financial transactions are recorded; and how swaps, options, and futures present special reporting problems. How alternative methods, such as collecting data, from sources such as global custodians and international clearinghouses, might improve coverage and accuracy.

Governance of International Banking

Dirk Schoenmaker
Governance of International Banking Book PDF

Author : Dirk Schoenmaker
Publisher : Oxford University Press
Page : 203 pages
File Size : 53,8 Mb
Release : 2013-04-25
Category : Business & Economics
ISBN : 9780199971596

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Governance of International Banking by Dirk Schoenmaker Pdf

Global governance of international banks is breaking down after the Great Financial Crisis, as national regulators are withdrawing on their home turf. New evidence presented illustrates that the global systemically important banks underpin the global financial system. This book offers solutions for the effective governance of global banks.

Industrial Policy for the Manufacturing Revolution

Patrizio Bianchi,Sandrine Labory
Industrial Policy for the Manufacturing Revolution Book PDF

Author : Patrizio Bianchi,Sandrine Labory
Publisher : Edward Elgar Publishing
Page : 192 pages
File Size : 49,9 Mb
Release : 2018-06-29
Category : BUSINESS & ECONOMICS
ISBN : 9781786430328

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Industrial Policy for the Manufacturing Revolution by Patrizio Bianchi,Sandrine Labory Pdf

This book offers a critical reflection on the meaning and expected impact of the fourth industrial revolution, and its implications for industrial policy. Industrial revolutions are considered not only in terms of technological progress, but also in the context of the changing relationship between market and production dynamics, and the social and political conditions enabling the development of new technologies. Industrial Policy for the Manufacturing Revolution aims to increase our capacity to anticipate and adapt to the forthcoming structural changes. A concrete illustration of this industrial policy is provided through an experience of its implementation at regional level.

Six Faces of Globalization

Anthea Roberts,Nicolas Lamp
Six Faces of Globalization Book PDF

Author : Anthea Roberts,Nicolas Lamp
Publisher : Harvard University Press
Page : 401 pages
File Size : 47,7 Mb
Release : 2021-09-28
Category : Political Science
ISBN : 9780674245952

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Six Faces of Globalization by Anthea Roberts,Nicolas Lamp Pdf

An essential guide to the intractable public debates about the virtues and vices of economic globalization, cutting through the complexity to reveal the fault lines that divide us and the points of agreement that might bring us together. Globalization has lifted millions out of poverty. Globalization is a weapon the rich use to exploit the poor. Globalization builds bridges across national boundaries. Globalization fuels the populism and great-power competition that is tearing the world apart. When it comes to the politics of free trade and open borders, the camps are dug in, producing a kaleidoscope of claims and counterclaims, unlikely alliances, and unexpected foes. But what exactly are we fighting about? And how might we approach these issues more productively? Anthea Roberts and Nicolas Lamp cut through the confusion with an indispensable survey of the interests, logics, and ideologies driving these intractable debates, which lie at the heart of so much political dispute and decision making. The authors expertly guide us through six competing narratives about the virtues and vices of globalization: the old establishment view that globalization benefits everyone (win-win), the pessimistic belief that it threatens us all with pandemics and climate change (lose-lose), along with various rival accounts that focus on specific winners and losers, from China to AmericaÕs rust belt. Instead of picking sides, Six Faces of Globalization gives all these positions their due, showing how each deploys sophisticated arguments and compelling evidence. Both globalizationÕs boosters and detractors will come away with their eyes opened. By isolating the fundamental value conflictsÑgrowth versus sustainability, efficiency versus social stabilityÑdriving disagreement and show where rival narratives converge, Roberts and Lamp provide a holistic framework for understanding current debates. In doing so, they showcase a more integrative way of thinking about complex problems.

OECD Insights Debate the Issues: New Approaches to Economic Challenges

OECD
OECD Insights Debate the Issues New Approaches to Economic Challenges Book PDF

Author : OECD
Publisher : OECD Publishing
Page : 168 pages
File Size : 49,9 Mb
Release : 2016-09-21
Category : Electronic
ISBN : 9789264264687

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OECD Insights Debate the Issues: New Approaches to Economic Challenges by OECD Pdf

To capitalise on the new international resolve epitomised by COP21 and the agreement on the universal Sustainable Development Goals (SDGs) requires a renewed effort to promote new policy thinking and new approaches to the great challenges ahead. Responding to new challenges means we have to ...

Global Shift, Seventh Edition

Peter Dicken
Global Shift Seventh Edition Book PDF

Author : Peter Dicken
Publisher : Guilford Publications
Page : 650 pages
File Size : 53,8 Mb
Release : 2015-02-10
Category : Social Science
ISBN : 9781462519552

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Global Shift, Seventh Edition by Peter Dicken Pdf

The definitive text on globalization, this book provides an accessible, jargon-free analysis of how the world economy works and its effects on people and places. Peter Dicken synthesizes the latest ideas and empirical data to blaze a clear path through the thicket of globalization processes and debates. The book highlights the dynamic interactions among transnational corporations, nations, and other key players, and their role in shaping the uneven contours of development. Mapping the changing centers of gravity of the global economy, Dicken presents in-depth case studies of six major industries. Now in full color throughout, the text features 228 figures. Companion websites for students and instructors offer extensive supplemental resources, including author videos, applied case studies with questions, lecture notes with PowerPoint slides, discipline-specific suggested further reading for each chapter, and interactive flashcards. ÿ ÿ New to This Edition: *Every chapter thoroughly revised and updated. *All 228 figures (now in color) are new or redesigned. *Addresses the ongoing fallout from the recent global financial crisis. *Discussions of timely topics: tax avoidance and corporate social responsibility; global problems of unemployment, poverty, and inequality; environmental degradation; the Eurozone crisis; and more. *Enhanced online resources for instructors and students.

International Macroeconomics in the Wake of the Global Financial Crisis

Laurent Ferrara,Ignacio Hernando,Daniela Marconi
International Macroeconomics in the Wake of the Global Financial Crisis Book PDF

Author : Laurent Ferrara,Ignacio Hernando,Daniela Marconi
Publisher : Springer
Page : 298 pages
File Size : 55,8 Mb
Release : 2018-06-13
Category : Business & Economics
ISBN : 9783319790756

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International Macroeconomics in the Wake of the Global Financial Crisis by Laurent Ferrara,Ignacio Hernando,Daniela Marconi Pdf

This book collects selected articles addressing several currently debated issues in the field of international macroeconomics. They focus on the role of the central banks in the debate on how to come to terms with the long-term decline in productivity growth, insufficient aggregate demand, high economic uncertainty and growing inequalities following the global financial crisis. Central banks are of considerable importance in this debate since understanding the sluggishness of the recovery process as well as its implications for the natural interest rate are key to assessing output gaps and the monetary policy stance. The authors argue that a more dynamic domestic and external aggregate demand helps to raise the inflation rate, easing the constraint deriving from the zero lower bound and allowing monetary policy to depart from its current ultra-accommodative position. Beyond macroeconomic factors, the book also discusses a supportive financial environment as a precondition for the rebound of global economic activity, stressing that understanding capital flows is a prerequisite for economic-policy decisions.

The Political Economy of Financial Development in Malaysia

Lena Rethel
The Political Economy of Financial Development in Malaysia Book PDF

Author : Lena Rethel
Publisher : Routledge
Page : 99 pages
File Size : 43,6 Mb
Release : 2020-12-20
Category : Business & Economics
ISBN : 9780429647383

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The Political Economy of Financial Development in Malaysia by Lena Rethel Pdf

Current inquiries into the political economy of financial policymaking in Malaysia tend to focus on the high-level drama of crisis politics or simply point to the limited impact of post-crisis financial reforms, given that politico-business relations have remained close. In so doing, pundits ignore a number of intriguing questions: what is the relationship between financial development and financialisation and how has it played out in the Malaysian context? And more generally: how can a country like Malaysia become significantly more financially developed, yet fail to emancipate the financial system from political control; a core element of the financial development discourse? To unravel the complexities of this puzzle, this book subjects the history and contemporary practices of financial policymaking in Malaysia to scrutiny. It argues that to understand financial development in Malaysia, its progress and reversals, it is important to conceptualise it as a political, rather than a merely technical process. In so doing, the book echoes a more profound concern in the political economy literature, namely the evolving relationship between states and markets, and the supposed retreat or reassertion of the state at a time of increasing (financial) globalisation. The book can generate further insights into the evolving role of the state with regard to broader processes of development and marketisation, as they relate specifically to finance.

Globalization and the Distribution of Wealth

Arie M. Kacowicz
Globalization and the Distribution of Wealth Book PDF

Author : Arie M. Kacowicz
Publisher : Cambridge University Press
Page : 263 pages
File Size : 55,5 Mb
Release : 2013-02-07
Category : Business & Economics
ISBN : 9781107027848

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Globalization and the Distribution of Wealth by Arie M. Kacowicz Pdf

This book links theoretical discussions about globalization and the distribution of wealth with a rich empirical analysis of Latin America.

Understanding Financial Interconnectedness

International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Monetary and Capital Markets Department,International Monetary Fund. Statistics Dept.
Understanding Financial Interconnectedness Book PDF

Author : International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Monetary and Capital Markets Department,International Monetary Fund. Statistics Dept.
Publisher : International Monetary Fund
Page : 45 pages
File Size : 53,7 Mb
Release : 2010-04-10
Category : Business & Economics
ISBN : 9781498336758

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Understanding Financial Interconnectedness by International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Monetary and Capital Markets Department,International Monetary Fund. Statistics Dept. Pdf

This paper seeks to advance our understanding of global financial interconnectedness by (i) mapping aspects of the architecture of global finance and (ii) investigating critical fault lines related to interconnectedness along which systemic risks were built up and shocks transmitted in the crisis. It thus takes initial steps toward operationalizing enhanced financial sector and macro-financial surveillance called for by the IMF’s Executive Board and by experts such as de Larosiere et al. (2009). Getting a better handle on interconnectedness would strengthen the Fund‘s ability, together with the Financial Stability Board, to track systemic risk concentrations. It would also inform spillover and vulnerability analyses, and sharpen bilateral and multilateral surveillance.