Ungleichgewichte und die fehlende Regulierung im Bankensektor können erst auf längere Sicht beseitigt werden. Auf kurze Sicht ist …

In theory, one of the main benefits of financial globalization is that it should allow for more efficient international … better risk sharing outcomes during the recent period of globalization. Developing countries have, by and large, been shut … flows may help explain why emerging markets have not been able to realize this presumed benefit of financial globalization …

rate stability and monetary autonomy) continues to be a valid macroeconomic framework. The financial globalization during … financial globalization has been the growing exposure of developing countries to costly capital flights and deleveraging crises …

Now is a good time to take stock of progress in the reform of financial regulation. Much has been happening. The …. In view of the power and predominance of the USA, it makes little sense for the rest of the world to try to press ahead … decisions. In Congress the reform of financial regulation was given second priority, after the reform of their health …