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Financial Market Integration and International Capital Flows (Hardcover)
Loot Price: R6,610
Discovery Miles 66 100
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Financial Market Integration and International Capital Flows (Hardcover)
Series: The Globalization of the World Economy series
Expected to ship within 12 - 17 working days
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The widespread capital market liberalisation has resulted in a
massive surge in international capital flows and the development of
a more integrated world financial system. At the same time,
however, the volatility of capital flows has increased and the
stability of this modern financial system has been called into
question by a number of financial and currency crises. In this
volume the editors assess the behaviour of international capital
markets during this period, focusing on both the causes and the
consequences of financial instability. They examine the origins of
the Latin American and East Asian crises and the lessons that can
be drawn from these, and they consider the proposals for reform of
the international financial system which have followed. This
collection of papers, written by both academics and practitioners,
is addressed both to specialists and to a wider audience, and will
provide insight into an extremely important global development.
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