The globalisation of finance : a citizen's guide
Author(s)
Bibliographic Information
The globalisation of finance : a citizen's guide
Zed Books, 1999
- pbk.
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Note
Includes bibliographical references and index
Description and Table of Contents
- Volume
-
ISBN 9781856496919
Description
Dragon bonds. Samurai bonds. Senior bonds. Mutual funds. Open-end funds. Closed-end funds. Global Depository Receipts. Is the IMF a UFO? (30 per cent of Thai children think so). For those confused by the world of global finance, here is a citizen's guide to what is happening in the rapidly changing "virtual reality" of big money; who the big players are; and the complex world of financial derivatives they trade in. What have these volatile mega flows of hot money actually done to countries on the receiving end? Fuelled by short-term speculative gains, they make it difficult for governments to pursue independent economic policies. Mexico yesterday, South East Asia and South Korea today. Which countries tomorrow? This book tells the story and explains how, in the interests of people North and South, effective regulatory mechanisms, backed up by citizen action, are urgently needed.
Table of Contents
- Part 1 Global finance - an introduction: globalisation - a new phenomenon? trends in global financial flows
- the key players
- financial instruments. Part 2 Recent financial crises in developing countries - experiences and lessons: collapse of a "model" - the Mexican financial crisis
- the Southeast Asian currency turmoil - the case of Thailand
- contagion effect on South Korea, Indonesia, Malaysia and Philippines
- private profits, public losses - the Great Asian Bailout Programme
- will India go the Southeast Asian way? Part 3 Policy implications and interventions: emerging economic and political issues
- cooling hot money - the need for capital controls
- resources for action.
- Volume
-
pbk. ISBN 9781856496926
Description
Dragon bonds. Samurai bonds. Senior bonds. Mutual funds. Open-end funds. Closed-end funds. Global Depository Receipts. Is the IMF a UFO? (30% of Thai children think so). For those confused by the world of global finance, here is a citizen's guide to what is happening in the rapidly changing "virtual reality" of big money; who the big players are; and the complex world of financial derivatives they trade in. What have these volatile mega flows of hot money actually done to countries on the receiving end? Fuelled by short-term speculative gains, they make it difficult for governments to pursue independent economic policies. Mexico yesterday, South East Asia and South Korea today. Which countries tomorrow? This book tells the story and explains how, in the interests of people North and South, effective regulatory mechanisms, backed up by citizen action, are urgently needed.
Table of Contents
- Part 1 Global finance - an introduction: globalisation - a new phenomenon? trends in global financial flows
- the key players
- financial instruments. Part 2 Recent financial crises in developing countries - experiences and lessons: collapse of a "model" - the Mexican financial crisis
- the Southeast Asian currency turmoil - the case of Thailand
- contagion effect on South Korea, Indonesia, Malaysia and Philippines
- private profits, public losses - the Great Asian Bailout Programme
- will India go the Southeast Asian way? Part 3 Policy implications and interventions: emerging economic and political issues
- cooling hot money - the need for capital controls
- resources for action.
by "Nielsen BookData"