Bericht
Is financial globalization truly global? New institutions for an inclusive capital market
In 2002 more than $1 trillion worth of new bonds was sold across international boundaries. The total stock of cross-border bond holdings was more than $9 trillion. Such lending, together with sales of equities, is regarded as one of the chief benefits of globalization. But financial investment does not always flow where it is needed most. While it appears that the world cannot be satiated with US securities, issues of emerging economies account for less than 6 percent of total international holdings of debt securities (D'Arista 2003). And, as Argentina discovered recently, international lenders can be fickle, selling enough foreign currency and securities to cause a currency crisis.
- Sprache
-
Englisch
- ISBN
-
193149326X
- Erschienen in
-
Series: Public Policy Brief ; No. 75
- Klassifikation
-
Wirtschaft
- Thema
-
Finanzmarkt
Globalisierung
Kapitalmarktliberalisierung
Kapitalmobilität
Welt
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Arestis, Philip
Basu, Santonu
- Ereignis
-
Veröffentlichung
- (wer)
-
Levy Economics Institute of Bard College
- (wo)
-
Annandale-on-Hudson, NY
- (wann)
-
2003
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:23 MESZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Bericht
Beteiligte
- Arestis, Philip
- Basu, Santonu
- Levy Economics Institute of Bard College
Entstanden
- 2003
Ähnliche Objekte (12)
New Monetary Policy and Keynes
Editorial to the Special Issue
The Independent European Central Bank: Keynesian Alternatives
New consensus macroeconomics: a critical appraisal
Can the Report of the 'Five Presidents' save the euro?
Financial sector reforms in developing countries with special reference to Egypt
"Unless we have some kind of United States of Europe, I do not think we can hope for proper economic policies." Interview with Philip Arestis
Economic theory and policy: a coherent post-Keynesian approach
Financial globalization and regulation
Financial globalization: some conceptual problems
Is there a trade-off between inflation variability and output-gap variability in the EMU countries?
Special Issue: Micro-foundations of macroeconomics: how important are they?
New Monetary Policy and Keynes
Editorial to the Special Issue
The Independent European Central Bank: Keynesian Alternatives
New consensus macroeconomics: a critical appraisal
Can the Report of the 'Five Presidents' save the euro?
Financial sector reforms in developing countries with special reference to Egypt
"Unless we have some kind of United States of Europe, I do not think we can hope for proper economic policies." Interview with Philip Arestis
Economic theory and policy: a coherent post-Keynesian approach
Financial globalization and regulation
Financial globalization: some conceptual problems
Is there a trade-off between inflation variability and output-gap variability in the EMU countries?
Special Issue: Micro-foundations of macroeconomics: how important are they?
New Monetary Policy and Keynes
Editorial to the Special Issue
The Independent European Central Bank: Keynesian Alternatives
New consensus macroeconomics: a critical appraisal
Can the Report of the 'Five Presidents' save the euro?
Financial sector reforms in developing countries with special reference to Egypt
"Unless we have some kind of United States of Europe, I do not think we can hope for proper economic policies." Interview with Philip Arestis
Economic theory and policy: a coherent post-Keynesian approach
Financial globalization and regulation
Financial globalization: some conceptual problems
Is there a trade-off between inflation variability and output-gap variability in the EMU countries?