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Overview
The global financial system is in serious trouble. Public figures as diverse as George Soros and the British Chancellor of the Exchequer have been calling for reform. An absence of effective regulation over currency speculations, new financial products and shifts of βhot moneyβ to emerging markets has generated a volatility that threatens the orderly running of national economies. Kavaljit Singh analyses the recent changes in the global financial system and provides a critical assessment of current proposals to deal with the future. Looking at past experiences of managing volatile capital flows, the author calls for new policy measures at national, regional and international levels.Editorials
Booknews
Following his , Singh focuses on hot money<-->the global finance capital. He describes how an absence of effective regulation over currency speculations, new financial products, and shifts of hot money to emerging markets has generated a volatility that threatens the orderly running of national economies. He analyzes the situation and assesses proposals to deal with the future at national, regional, and international levels. Annotation c. Book News, Inc., Portland, OR (booknews.com)Book Details
Published
October 1, 2000
Publisher
London ; Zed Books, c2000.
Pages
240
Format
Hardcover
ISBN
9781856497831