Repository logo
 

Globalization and Financial Regulation

dc.contributor.authorYoung, Leslie
dc.date.accessioned2015-02-11T21:38:56Z
dc.date.accessioned2022-07-06T22:42:34Z
dc.date.available2015-02-11T21:38:56Z
dc.date.available2022-07-06T22:42:34Z
dc.date.copyright1/06/1999
dc.date.issued1999
dc.description.abstractThere has been no shortage of villains in the financial crisis which began in Asia and has now encompassed all major emerging markets: bankers regulators hedge funds and the IMF have all been excoriated for incompetence and immorality. This paper argues that the problems which have emerged from the crisis are structural i.e. they arise from the very nature of financial activity. While the structural problems have been present from the beginnings of finance the advance of technology and of globalization has so exacerbated the problems as to undermine the foundations of the international market order. To highlight the structural nature of the problems this paper will eschew the search for villains and examine the theoretical basis for the globalization of financial markets - the major direction of their recent evolution. Economic theory identifies major difficulties in the presumption that this drive will lead to socially desirable outcomes. The financial crisis can be understood as the exacerbation of these difficulties by globalization and the advance of information technology.en_NZ
dc.formatpdfen_NZ
dc.identifier.urihttps://ir.wgtn.ac.nz/handle/123456789/19027
dc.language.isoen_NZ
dc.publisherTe Herenga Waka—Victoria University of Wellingtonen_NZ
dc.rightsPermission to publish research outputs of the New Zealand Institute for the Study of Competition and Regulation has been granted to the Victoria University of Wellington Library. Refer to the permission letter in record: https://ir.wgtn.ac.nz/handle/123456789/18870en_NZ
dc.subjectglobalizationen_NZ
dc.titleGlobalization and Financial Regulationen_NZ
dc.typeTexten_NZ
vuwschema.contributor.unitNew Zealand Institute for the Study of Competition and Regulationen_NZ
vuwschema.contributor.unitVictoria Business School: Orauarikien_NZ
vuwschema.subject.anzsrcfor149999 Economics not elsewhere classifieden_NZ
vuwschema.subject.anzsrcforV2389999 Other economics not elsewhere classifieden_NZ
vuwschema.type.vuwWorking or Occasional Paperen_NZ

Files

Original bundle

Now showing 1 - 1 of 1
Loading...
Thumbnail Image
Name:
globalztn_and_fincl_regultn_010699.pdf
Size:
60.24 KB
Format:
Adobe Portable Document Format

License bundle

Now showing 1 - 1 of 1
Loading...
Thumbnail Image
Name:
license.txt
Size:
0 B
Format:
Item-specific license agreed upon to submission
Description: