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Globalization and National Financial Systems (World Bank Publication) by James A Hanson; Patrick Honohan; Giovanni Majnoni; NetLibrary, Inc is a nonfiction available to read on EtoBox.

What is Globalization and National Financial Systems (World Bank Publication) about?

The volume is divided into five traditional areas of finance: the macroeconomy, banking, securities markets, pension issues, and regulations. Four cross-cutting messages emerge. First, the erosion of national frontiers by trade, tourism, migration, and capital account liberalization means that residents of all countries have substantial financial assets, and often liabilities denominated in foreign currencies at home or abroad. Any analysis of national financial systems must take this into account. More important, this factor constrains governments' use of macroeconomic and financial policy and may contribute to economic fluctuations. Second, individuals and firms benefit substantially from the improved risk and return menu associated with global diversification. Diversification is of particular importance in developing countries where the lack of size and diversity of the national economy results in instability in the value of production. Third, the small size of most developing countries limits the efficiency and quality of financial services: banking, equity markets, and pensions. Thus cross-border provision of financial services, one facet of globalization, has potential benefi

Who reads Globalization and National Financial Systems (World Bank Publication)?

Author

James A Hanson; Patrick Honohan; Giovanni Majnoni; NetLibrary, Inc

Publisher

A World Bank Publication

Published

2003

Language

EN

ISBN

9780585479156

Category

nonfiction

Subjects

Finance, Economics, Business