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 thi...

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Bibliographic Details

Corporate Author:	International Banking and Finance Conference < 2007, Federal Reserve Bank of Chicago> (Author)
Format:	Electronic eBook
Language:	English
Published:	Singapore World Scientific Pub. Co. c2009
Series:	World Scientific studies in international economics v. 6
Subjects:	International finance / Congresses Financial risk / Congresses Financial crises / Congresses Globalization / Economic aspects / Congresses Risikomanagement Kreditmarkt Globalisierung Wirtschaft Konferenzschrift Aufsatzsammlung
Online Access:	FHN01 Volltext
Summary:	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
Physical Description:	xii, 442 p. ill. (some col.), map
ISBN:	9789812833389