Financial stability has become a major global concern. The prime reasons for this concern are the increasing number of financial crises from the late 1980s to the present, especially the successive crises in Asia, Latin America and the global crisis today as well as their financial and socio-economic costs. The increasing interconnection of the various […]
Global financial integration has substantially increased in recent decades. This was manifested initially in growing capital flows between developed countries and has subsequently spread to emerging market and developing countries. It involves the removal of capital controls, financial innovation and technological progress. Financial system integration is achieved when there is a perfect mobility of financial […]
Financial instability has become a source of major concern globally. The main reasons for this concern are the proliferation of financial crises from the late ’80s to date, especially the successive crises inAsia, Latin America and the world today, and the financial and socio-economic costs they generate. The increasing interconnection of various components of the financial […]
