Global Financial Integration Thiry Years On

Early in the new millennium it appeared that a long period of financial crisis had come to an end, but the world now faces renewed and greater turmoil. This volume analyses the past three decades of global financial integration and governance and the recent collapse into crisis, offering a coherent and policy-relevant overview. State-of-the-art research from an interdisciplinary group of scholars illuminates the economic, political and social issues at the heart of devising an effective and legitimate financial system for the future. The chapters offer debate around a series of core themes which probe the ties between public and private actors and their consequences for outcomes for both developed markets and developing countries alike. The contributors argue that developing effective, legitimate financial governance requires enhancing public versus private authority through broader stakeholder representation, ensuring more acceptable policy outcomes.Issues addressed include regulation and supervision to aid architecture; illicit finance to debt workout; the 'new' financial architecture and its failure; the causes of the crisis; and what to do about it and howThe analysis and implications/policy recommendations are based on a highly-credible presentation of data-based and new research findingsWill appeal to practitioners puzzling over the future of reform, to those seeking an analytical basis for the solutions they seek, and to scholars and students seeking new sources of understanding in relation to the bewildering world of global finance and its governance