Global Financial Centers, Economic Power, and (In)Efficiency (Hardcover, 1st ed. 2020)

This book scrutinizes global financial flows and stocks, both financial assets and liabilities and their impact on the global balance of economic power, especially as they affect the largest and fastest-growing countries in both the developed and the developing world. It shows how financial flows can promote economic growth and financial capital can serve as a tool for higher growth rates in emerging market economies, but also that the huge amounts of financial capital currently being spent in advanced countries to promote economic growth has produced at best very modest improvements and in some cases negative results. The book opens with an analysis of global capital flows and their concentration. It then offers an analysis of rates of relative economic growth (or decline). The final section deals with the (decreasing) economic efficiency of financial flows and the (un)sustainability of economic growth, especially during the past eight years of economic recovery. Tackling one of the most serious problems in the global economy today, this book will be of interest to academics, researchers, and students of capital markets, financial crisis, and financial economics.

General

Imprint:	Springer Nature Switzerland AG
Country of origin:	Switzerland
Release date:	2020
First published:	2020
Authors:	Fikret Causevic
Dimensions:	210 x 148mm (L x W)
Format:	Hardcover
Pages:	167
Edition:	1st ed. 2020
ISBN-13:	978-3-03-036575-2
Categories:	Books > Business & Economics > Economics > Financial crises & disasters Books > Business & Economics > Economics > Macroeconomics > General Books > Business & Economics > Finance & accounting > Finance > General Books > Money & Finance > General Promotions
LSN:	3-03-036575-1
Barcode:	9783030365752

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