[PDF] Globalization And The International Financial System eBook

Author : Peter Isard
Publisher : Cambridge University Press
Page : 388 pages
File Size : 15,38 MB
Release : 2005
Category : Business & Economics
ISBN : 9780521605076

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Economic globalization has given rise to frequent and severe financial crises in emerging market economies. Other countries are also unsuccessful in their efforts to generate economic growth and reduce poverty. This book provides perspectives on various aspects of the international financial system that contribute to financial crises and growth failures, and discusses the remedies that economists have proposed for addressing the underlying problems. It also sheds light on a central feature of the international financial system that remains mysterious to many economists and most non-economists: the activities of the International Monetary Fund and the factors that influence its effectiveness. Dr Isard offers policy perspectives on what countries can do to reduce their vulnerabilities to financial crises and growth failures, and a number of general directions for systemic reform. The breadth of the agenda provides grounds for optimism that the international financial system can be strengthened considerably without revolutionary change.

Author : David Procházka
Publisher : Springer
Page : 469 pages
File Size : 47,25 MB
Release : 2017-12-29
Category : Business & Economics
ISBN : 331968762X

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This proceedings volume analyzes the impact of globalization on international financial flow as well as harmonized financial reporting. Featuring contributions presented at the 18th Annual Conference on Finance and Accounting held at the University of Economics in Prague, this book examines the economic consequences of the globalized world in the sphere of corporate and public finance, monetary systems, banking, financial reporting and management accounting. The global perspective is accompanied by local specific cases studies, including those from emerging markets. In addition, the combination of micro- and macroeconomic approaches provide insights on the behavior of all relevant stakeholders in the process and the results of dynamic pressures surrounding global capital markets and international investments. This book will serve as a useful resource for scholars and researchers, practitioners and policy makers in the fields of finance, economics and accounting.

Author : O. Hieronymi
Publisher : Springer
Page : 337 pages
File Size : 22,49 MB
Release : 2009-11-04
Category : Business & Economics
ISBN : 0230251064

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The book argues that a successful monetary and banking reform requires: a rollback of monetary nationalism and return to monetary internationalism; trust in the banking system with its basic functions restored; a balance between competition and solidarity in order to assure political and social acceptance of globalization.

Author : Leonardo Auernheimer
Publisher : University of Chicago Press
Page : 342 pages
File Size : 30,45 MB
Release : 2010-04-15
Category : Business & Economics
ISBN : 0226032159

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As the globalization of financial markets continues, we urgently need to understand the crises that have plagued these markets and the policies best suited to preventing such crises in the future. In this book, a prominent group of economists and policymakers blend conceptual analysis and policy discussion in seven well-integrated papers, analyzing the nature of capital flows, alternative exchange-rate regimes, and the roles of international financial institutions. After a guided tour by the editor and a historical exploration, some of the world's leading theorists and policy analysts examine the benefits and pitfalls of capital movements and controls. In the second portion, papers examine the recent experiences of Argentina and Mexico, with Charles Calomiris—whose proposals for a new world financial architecture have elicited wide attention—contributing a response. The volume concludes with a roundtable discussion of the report of the International Financial Institutions Advisory Commission, in which the chair of the commission, Allan H. Meltzer, both comments on the report and responds to questions about it. The material presented here will become a standard reference for analysts, policymakers, and the interested general public. Contributors: Leonardo Auernheimer, Matthew Bishop, Michael D. Bordo, Charles Calomiris, Guillermo A. Calvo, Augustin Carstens, Michael P. Dooley, Pablo E. Guidotti, T. Britton Harris, John P. Lipsky, Guillermo Ortiz Martinez, Allan H. Meltzer, Andrew Powell, Rene Stulz, Carl E. Walsh

Author : Frederic S. Mishkin
Publisher : Princeton University Press
Page : 320 pages
File Size : 46,99 MB
Release : 2008-01-23
Category : Business & Economics
ISBN : 0691136416

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Many prominent critics regard the international financial system as the dark side of globalisation, threatening disadvantaged nations near and far. This text argues the opposite: that financial globalisation today is essential for poor nations to become rich.

Author : Mr.Malcolm D. Knight
Publisher : International Monetary Fund
Page : 32 pages
File Size : 20,53 MB
Release : 1998-07-01
Category : Business & Economics
ISBN : 1451852797

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This paper analyzes the impact of the globalization of financial markets on developing and transition economies. Differences between the responses of competitive and imperfectly competitive banking sectors cause them to affect economic activity differently. While nonbank financial markets and institutions can help to increase the competitiveness of banking sectors, there are “gaps” in the institutions and market structures of developing and transition economies. Eliminating these gaps may reinforce financial market discipline in these countries. Some current international initiatives are outlined for enhancing financial system soundness; these emphasize the complementary roles of market discipline and official oversight in an environment of globalized markets.

Author : Kern Alexander
Publisher : Oxford University Press
Page : 329 pages
File Size : 35,24 MB
Release : 2006
Category : Business & Economics
ISBN : 0195166981

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The book sets forth the economic rationale for international financial regulation and what role, if any, international regulation can play in effectively managing systemic risk while providing accountability to all affected nations. The book suggests that a particular type of global governance structure is necessary to have more efficient regulation of the international financial system.

Author : Gary Clyde Hufbauer
Publisher : Yale University Press
Page : 232 pages
File Size : 42,33 MB
Release : 2010-10-19
Category : Business & Economics
ISBN : 0300157312

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History has declared globalization the winner of the 20th century. Globalization connected the world and created wealth unimaginable in the wake of the Second World War. But the financial crisis of 2008-09 has now placed at risk the liberal economic policies behind globalization. Engulfing the entire world, the crisis gave new fuel to the skeptics of the benefits of economic integration. Policy responses seem to favor anti-globalizers. New regulations could balkanize the global financial system, while widespread protectionist impulses might undo the Doha Round. Issues from climate change to national security may be used as convenient excuses to keep imports out, keep jobs at home, and to clamp down on global capital. Will globalization triumph or perish in the 21st century? What reforms make sense in the post-crisis world?International economists Gary Clyde Hufbauer and Kati Suominen argue that globalization has been a force of great good, one that needs to be actively advanced and honed. Drawing on the latest economic analyses, they reveal the drivers and effects of global finance and trade, lay out the key risks to globalization, and offer a practical policy roadmap for managing the challenges while increasing the gains. Vital reading for anyone in business, finance, foreign affairs, or economics, Globalization at Risk is sure to advance public debate on this defining issue of the 21st century.

Author : Ross P. Buckley
Publisher : Kluwer Law International B.V.
Page : 218 pages
File Size : 18,90 MB
Release : 2009-01-01
Category : Law
ISBN : 9041128689

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Provides deep analyses of some of the devastating financial crises of the last quarter-centures by showing how such factors as the origins and destinations of loans, bank behaviour, bad timing, ignorance of history, trade regimes, capital flight, and corruption coalesce under certain circumstances to trigger a financial crash.

Author : James A. Hanson
Publisher : World Bank Publications
Page : 298 pages
File Size : 13,66 MB
Release : 2003
Category : Business & Economics
ISBN : 9780821352083

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