شواهد و تأثیر جهانی‌سازی مالی

''This volume provides authoritative non-technical coverage of key topics related to the globalization of financial activities and institutions, with particular and up-to-date analyses of international financial crises.'' --Josef Brada, Arizona State University '' The Evidence and Impact of Financial Globalization is a collection of essays written by major specialists in each specific field of globalization, ranging from aid, foreign investment and migration to exchange rates, international government debt and financial crisis. Its 50 chapters investigate the various aspects of globalization, their determinants and impact both in abstract terms and with reference to specific countries and regions. It is an essential companion for those that want to up-date and improve their knowledge of the impressive significance acquired by financial globalization in the last two or three decades.'' --Nicola Acocella, Università degli Studi di Roma ''La Sapienza'' ''Is mainstream theory the cause of our recent financial crisis, and will it be to blame for future crises? If theory did not cause it, it did nothing to prevent or even mitigate it. This book offers an impressive series of essays on the Great Recession, investigating financial and real causes, historical episodes, and linkages as well as domino effects. It clearly illuminates the background of our recent crisis by offering clear theoretical, empirical, and historical views of its remote causes. It cannot be absent from any economist's bookshelf.'' --Mauro Gallegati, Università Politecnica delle Marche Content: Front Matter , Pages i-ii Copyright , Page iv Volume 3 , Page v Section Editors , Pages vii-viii Preface , Pages xix-xxi Contributors , Pages xxiii-xxiv Chapter 1 - Financial Globalization and Crises: Overview , Pages 1-12 Chapter 2 - Measurements of Capital and Financial Current Account Openness , Pages 15-34 Chapter 3 - Measurement and Impact of Equity Market Liberalization , Pages 35-50 Chapter 4 - Bilateral Financial Links , Pages 51-65 Chapter 5 - Global Imbalances , Pages 67-79 Chapter 6 - Aid Flows , Pages 81-102 Chapter 7 - Composition of International Capital Flows: A Survey , Pages 105-119 Chapter 8 - Migrant Remittances and Development , Pages 121-130 Chapter 9 - International Mutual Funds, Capital Flow Volatility, and Contagion – A Survey , Pages 131-143 Chapter 10 - Capital Raisings , Pages 145-154 Chapter 11 - International Cross-listings , Pages 155-180 Chapter 12 - Disclosure of Ownership and Public Companies , Pages 181-198 Chapter 13 - Role of Trade Finance , Pages 199-212 Chapter 14 - Foreign Bank Participation in Developing Countries , Pages 213-222 Chapter 15 - Opportunistic Foreign Currency Debt Issuance , Pages 223-238 Chapter 16 - International Government Debt , Pages 239-255 Chapter 17 - Carry Trade , Pages 257-266 Chapter 18 - Capital Market Integration , Pages 269-278 Chapter 19 - Collateral Benefits of Financial Globalization , Pages 279-298 Chapter 20 - Foreign Direct Investment and Growth , Pages 299-309 Chapter 21 - International Technology Transfer and Foreign Direct Investment , Pages 311-319 Chapter 22 - Role of Multinational Corporations in Financial Globalization , Pages 321-331 Chapter 23 - India's Reintegration into the World Economy in the 1990s , Pages 333-343 Chapter 24 - Reforms of China's Banking System , Pages 345-353 Chapter 25 - Policy Issues of China's Financial Globalization , Pages 355-365 Chapter 26 - Financial Integration in Europe , Pages 367-378 Chapter 27 - The Impossible Trinity (aka The Policy Trilemma) , Pages 381-390 Chapter 28 - Financial Globalization and Monetary Policy , Pages 391-415 Chapter 29 - Interest Rate Parity , Pages 417-427 Chapter 30 - Exchange Rate Regimes , Pages 429-450 Chapter 31 - Currency Unions , Pages 451-461 Chapter 32 - Financial Dollarization , Pages 463-481 Chapter 33 - Models of Currency Crises , Pages 485-497 Chapter 34 - Predictive Indicators of Financial Crises , Pages 499-505 Chapter 35 - A Perspective on Predicting Currency Crises , Pages 507-522 Chapter 36 - Empirical Literature on Financial Crises: Fundamentals vs. Panic , Pages 523-534 Chapter 37 - Sudden Stops in Capital Flows , Pages 535-545 Chapter 38 - Definitions and Types of Financial Contagion , Pages 547-559 Chapter 39 - Cross-Border Banking: Regulation, Supervision, and Crisis Resolution , Pages 561-575 Chapter 40 - Market-Based Approach to Financial Architecture , Pages 577-587 Chapter 41 - Housing Is the Business Cycle , Pages 589-643 Chapter 42 - US Stock Market Crisis of 1987 , Pages 645-655 Chapter 43 - Mexican Financial Crisis of 1994–1995 , Pages 657-667 Chapter 44 - East-Asian Crisis of 1997 , Pages 669-688 Chapter 45 - Financial Globalization and the Russian Crisis of 1998 , Pages 689-707 Chapter 46 - Argentina's Default of 2001 , Pages 709-719 Chapter 47 - Assessment of Solutions to US Financial Crisis of 2008–09 , Pages 721-735 Chapter 48 - A Cross-Country Perspective on the Causes of the Global Financial Crisis , Pages 737-752 Chapter 49 - Lessons and Policy Implications from the Global Financial Crisis , Pages 753-761 Index , Pages 763-781 * ''This volume provides authoritative non-technical coverage of key topics related to the globalization of financial activities and institutions, with particular and up-to-date analyses of international financial crises.'' --Josef Brada, Arizona State University ''The Evidence and Impact of Financial Globalization is a collection of essays written by major specialists in each specific field of globalization, ranging from aid, foreign investment and migration to exchange rates, international government debt and financial crisis. Its 50 chapters investigate the various aspects of globalization, their determinants and impact both in abstract terms and with reference to specific countries and regions. It is an essential companion for those that want to up-date and improve their knowledge of the impressive significance acquired by financial globalization in the last two or three decades.'' --Nicola Acocella, Università degli Studi di Roma ''La Sapienza'' ''Is mainstream theory the cause of our recent financial crisis, and will it be to blame for future crises? If theory did not cause it, it did nothing to prevent or even mitigate it. This book offers an impressive series of essays on the Great Recession, investigating financial and real causes, historical episodes, and linkages as well as domino effects. It clearly illuminates the background of our recent crisis by offering clear theoretical, empirical, and historical views of its remote causes. It cannot be absent from any economist's bookshelf.'' --Mauro Gallegati, Università Politecnica delle Marche

The sharp realities of financial globalization become clear during crises, when winners and losers emerge. Crises usher in short- and long-term changes to the status quo, and everyone agrees that learning from crises is a top priority. The Evidence and Impact of Financial Globalization devotes separate articles to specific crises, the conditions that cause them, and the longstanding arrangements devised to address them. While other books and journal articles treat these subjects in isolation, this volume presents a wide-ranging, consistent, yet varied specificity. Substantial, authoritative, and useful, these articles provide material unavailable elsewhere.

• Substantial articles by top scholars sets this volume apart from other information sources
• Rapidly developing subjects will interest readers well into the future
• Reader demand and lack of competitors underline the high value of these reference works

The sharp realities of financial globalization become clear during crises, when winners and losers emerge. Crises usher in short- and long-term changes to the status quo, and everyone agrees that learning from crises is a top priority. The Evidence and Impact of Financial Globalization devotes separate articles to specific crises, the conditions that cause them, and the longstanding arrangements devised to address them. While other books and journal articles treat these subjects in isolation, this volume presents a wide-ranging, consistent, yet varied specificity. Substantial, authoritative, and useful, these articles provide material unavailable elsewhere. Substantial articles by top scholars sets this volume apart from other information sources Rapidly developing subjects will interest readers well into the future Reader demand and lack of competitors underline the high value of these reference works