Financial Crises in a Globally Integrated Economy
International Review of Comparative Public Policy, Vol. 13, 2002
16 Pages Posted: 19 Oct 2007
At the beginning of the twenty-first century, the world financial markets and institutions have new features, and working in different environments and conditions. The new features have been materialized and emerged in the last two decades. These are of increasing the role of the financial sector in the world economy, integration of the financial markets and institutions, liberalization of the related laws and regulations, increasing linkages between sub-segments of financial markets, computerizing of financial markets and institutions, and introducing new instruments and innovative derivatives. Accordingly, this research volume is devoted to discuss this issue. Thus this editor introduction amis to introduce the concept of financial crisis in a globally integrated.
Keywords: stock markets, stock market crises, stability of stock market
JEL Classification: G10, G14, G15
Suggested Citation: Suggested Citation