The global financial system, this book argues, is in serious trouble. Public figures as diverse as George Soros and the British Chancellor of the Exchequer have been calling for reform. Financial liberalization has created an absence of effective regulation over the almost unimaginable sums involved in currency speculations, new financial products, offshore financial centres, secretive hedge funds and shifts of 'hot money' to emerging markets. The result is a degree of volatility in financial markets which threatens the ...
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The global financial system, this book argues, is in serious trouble. Public figures as diverse as George Soros and the British Chancellor of the Exchequer have been calling for reform. Financial liberalization has created an absence of effective regulation over the almost unimaginable sums involved in currency speculations, new financial products, offshore financial centres, secretive hedge funds and shifts of 'hot money' to emerging markets. The result is a degree of volatility in financial markets which threatens the orderly running of national economies. The issues of financial globalization and the need to regulate global capital flows have, as a result, moved centre stage. This book explains and analyses the constantly changing and complex world of global financial flows, and calls for radical reforms in a system that is now more susceptible to the whims of market sentiment than the economic policies of governments. The author recommends certain guiding principles in order to create a more stable international financial architecture and proposes a series of concrete measures. This most timely and useful follow-up to his very successful previous book, The Globalization of Finance: A Citizen's Guide, contributes greatly to public understanding of what is involved and to the possibilities of effective action by people's movements campaigning for a more just and sound financial system. Written in a non-technical manner, this book makes the ongoing debates accessible to the non-specialist reader. It will be particularly useful for students of finance, banking and development, as well as for all those interested in issues relating to global financial regulation.
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Seller's Description:
This is an ex-library book and may have the usual library/used-book markings inside. This book has soft covers. In good all round condition. Please note the Image in this listing is a stock photo and may not match the covers of the actual item, 450grams, ISBN: 9781856497848.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
This is an ex-library book and may have the usual library/used-book markings inside. This book has soft covers. In fair condition, suitable as a study copy. Please note the Image in this listing is a stock photo and may not match the covers of the actual item, 450grams, ISBN: 9781856497848.
