This book contends that the East Asian financial constitution lacks an appropriate infrastructure, resulting in inefficient allocation of high savings and an over-inflated short-term debt market. It goes on to point out that despite high savings, East Asia's dependency on financial centers...

This book scrutinizes global financial flows and stocks, both financial assets and liabilities and their impact on the global balance of economic power, especially as they affect the largest and fastest-growing countries in both the developed and the developing world. It shows how financial...

Chapter 1. Introduction: Global financial flows, stocks, economic power, and financial sustainability under the current structure of global finance -- Chapter 2. Cross-country analysis of financial assets and liabilities: 2005-2017 -- Chapter 3. Changes in economic power: Global Economic growth...

The financial crisis of 2007-2008 and its aftermath have resulted in the role of money and finance within the global economy becoming the subject of considerable debate in public, policy, and media circles. Global Finance is a timely look at the contemporary international financial environment,...

Contents: 1. Introduction and summary -- Part I: the unraveling of the 1930s-era framework -- 2. The Euro market erodes US financial structure -- 3. Commercial paper guarantees and the emergence of a parallel banking system -- 4. ERISA moves savings into securities markets -- Part II:...

Hong Kong SAR is now highly unusual as a large economy running a currency board system that pegs the Hong Kong Dollar to the US Dollar. This volume explores the origins and persistence of this system, presenting the viewpoint of several of the main protagonists in the operation of the currency...