Chapter 9

Theoretical Perspectives, Overview

P. Bacchetta*, and P.R. Lane,

*University of Lausanne, Lausanne, Switzerland

CEPR, London, UK

Trinity College Dublin, Dublin, Ireland

Outline

Introduction

From a macroeconomic perspective, the recent process of financial globalization has raised several important issues. First, net capital flows increased substantially, in ways that have not been fully consistent with existing theories of the late twentieth century. In particular, the phenomenon ...

Get Handbook of Safeguarding Global Financial Stability now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.