Globalization of Financial Institutions

Globalization of Financial Institutions
Author: Hasan Dincer
Publisher: Springer
Total Pages: 0
Release: 2016-08-27
Genre: Business & Economics
ISBN: 9783319344973

This peer-reviewed volume from the Society for the Study of Business and Finance, discusses current issues in globalization and financial system from an international political and economic perspective. Contemporary instruments and actors in the global financial system are specially analyzed and the discussion of managerial and financial issues of the global financial strategies offers novelty to readers and researchers in the field.

Handbook of Key Global Financial Markets, Institutions, and Infrastructure

Handbook of Key Global Financial Markets, Institutions, and Infrastructure
Author: Gerard Caprio
Publisher: Academic Press
Total Pages: 635
Release: 2012-11-27
Genre: Business & Economics
ISBN: 0123978734

This title begins its description of how we created a financially-intergrated world by first examining the history of financial globalization, from Roman practices and Ottoman finance to Chinese standards, the beginnings of corporate practices, and the advent of efforts to safeguard financial stability.

Foundations of Global Financial Markets and Institutions, fifth edition

Foundations of Global Financial Markets and Institutions, fifth edition
Author: Frank J. Fabozzi
Publisher: MIT Press
Total Pages: 1105
Release: 2019-04-30
Genre: Business & Economics
ISBN: 0262351722

A thoroughly revised and updated edition of a textbook for graduate students in finance, with new coverage of global financial institutions. This thoroughly revised and updated edition of a widely used textbook for graduate students in finance now provides expanded coverage of global financial institutions, with detailed comparisons of U.S. systems with non-U.S. systems. A focus on the actual practices of financial institutions prepares students for real-world problems. After an introduction to financial markets and market participants, including asset management firms, credit rating agencies, and investment banking firms, the book covers risks and asset pricing, with a new overview of risk; the structure of interest rates and interest rate and credit risks; the fundamentals of primary and secondary markets; government debt markets, with new material on non-U.S. sovereign debt markets; corporate funding markets, with new coverage of small and medium enterprises and entrepreneurial ventures; residential and commercial real estate markets; collective investment vehicles, in a chapter new to this edition; and financial derivatives, including financial futures and options, interest rate derivatives, foreign exchange derivatives, and credit risk transfer vehicles such as credit default swaps. Each chapter begins with learning objectives and ends with bullet point takeaways and questions.

Financial Services, Globalization and Domestic Policy Change

Financial Services, Globalization and Domestic Policy Change
Author: William Donald Coleman
Publisher: St. Martin's Press
Total Pages: 324
Release: 1996
Genre: Banks and banking, Central
ISBN: 9780312129798

The global scope of the changes in the international financial and monetary systems ensured that no nation-state could protect itself from their effects. The quarter-century from 1970 to 1995 included the most extensive legislative overhaul of financial services policy since the Great Depression, if not the greatest set of changes ever. This book examines how such states - Canada, France, Germany, the United Kingdom, the United States - adapted by reforming their financial services policies. By adaptation, the book refers to their ability to devise policy strategies that create an open and democratic policy process, that protect consumers of financial services and that give governments some continuing control over domestic financial services markets.

Following the Money

Following the Money
Author: National Research Council
Publisher: National Academies Press
Total Pages: 225
Release: 1995-11-12
Genre: Political Science
ISBN: 0309048834

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.

Globalization and Systemic Risk

Globalization and Systemic Risk
Author: Douglas Darrell Evanoff
Publisher: World Scientific
Total Pages: 455
Release: 2009
Genre: Business & Economics
ISBN: 9812833382

The impact of globalization of financial markets is a highly debated topic, particularly in recent months when the issue of globalization and contagion of financial distress has become a focus of intense policy debate. The papers in this volume provide an up-to-date overview of the key issues in this debate. While most of the contributions were prepared after the initial outbreak of the current global turmoil and financial crisis, they identify the relative strengths of the risk diversification and risk transmission processes and examine the empirical evidence to date. The book considers the relative roles of banks, nonbank financial institutions and capital markets in both risk diversification and risk transmission. It then evaluates the current status of crisis resolution in a global context, and speculates where to go from here in terms of understanding, resolution, prevention and public policy.

Effects of Financial Globalization on Developing Countries

Effects of Financial Globalization on Developing Countries
Author: Mr.Ayhan Kose
Publisher: International Monetary Fund
Total Pages: 68
Release: 2003-09-03
Genre: Business & Economics
ISBN: 9781589062214

This study provides a candid, systematic, and critical review of recent evidence on this complex subject. Based on a review of the literature and some new empirical evidence, it finds that (1) in spite of an apparently strong theoretical presumption, it is difficult to detect a strong and robust causal relationship between financial integration and economic growth; (2) contrary to theoretical predictions, financial integration appears to be associated with increases in consumption volatility (both in absolute terms and relative to income volatility) in many developing countries; and (3) there appear to be threshold effects in both of these relationships, which may be related to absorptive capacity. Some recent evidence suggests that sound macroeconomic frameworks and, in particular, good governance are both quantitatively and qualitatively important in affecting developing countries’ experiences with financial globalization.

Global Governance of Financial Systems

Global Governance of Financial Systems
Author: Kern Alexander
Publisher: Oxford University Press
Total Pages: 329
Release: 2006
Genre: Business & Economics
ISBN: 0195166981

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.

International Financial Markets

International Financial Markets
Author: Leonardo Auernheimer
Publisher: University of Chicago Press
Total Pages: 342
Release: 2010-04-15
Genre: Business & Economics
ISBN: 0226032159

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

Cross-border Banking

Cross-border Banking
Author: Gerard Caprio
Publisher: World Scientific
Total Pages: 491
Release: 2006
Genre: Social Science
ISBN: 9812568298

Cross-border banking, while having the potential for a more efficient financial sector, also creates potential challenges for bank supervisors and regulators. This volume discusses topics that include: the landscape of cross-border bank activity, the resulting competitive implications, emerging challenges for prudential regulation, and more. Cross-border banking, while having the potential for a more efficient financial sector, also creates potential challenges for bank supervisors and regulators. It requires cooperation by regulatory authorities across jurisdictions and a clear delineation of authority and responsibility. That delineation is typically not present and regulatory authorities often have significantly different incentives to respond when cross-border-active banks encounter difficulties. Most of these issues have only begun to be seriously evaluated. This volume, one of the first attempts to address these issues, brings together experts and regulators from different countries. The wide range of topics discussed include: the current landscape of cross-border bank activity, the resulting competitive implications, emerging challenges for prudential regulation, safety net concerns, failure resolution issues, and the potential future evolution of international banking.