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(0)Kavaljit Singh
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"The global financial system, this book argues, is in turmoil. Financial liberalization has led to phasing out of regulatory mechanisms over the movement of huge sums involved in currency speculations, new financial products, offshore financial centers, secretive hedge funds and 'hot money' flows to emerging markets. The result is a degree of volatility in financial markets which threatens the orderly running of national economies. This book explains...
Author
Description
Globalisation of finance has now surpassed the globalisation of production and taken on a life of its own. No longer associated with flows of real resources, international trade or productive investment, but merely attracted by short-term speculative gains, these volatile financial flows make it difficult for governments to pursue independent economic policies that are inconsistent with the interests of global finance capital. This book argues that...