The world's financial markets experienced a strong globalization
trend in the 20th century. With the removal of barriers to
cross-border flow of capital, financial markets have become truly
global during the last two decades of the century. The research
papers included in this book study a number of important issues in
the world's financial markets. The recent emerging markets crisis,
which started in South-Eeast Asia and affected all the world's
developed and emerging financial markets, is studied in detail.
Another important issue, which receives considerable coverage in
the book, is the European financial integration. The financial
markets in the United States, Europe, Asia, and Latin America are
studied extensively and the linkages between them are analyzed. The
objective of the book is to provide the reader with a comprehensive
and balanced overview of the world's financial markets at the end
of the 20th century.
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