by John C. Edmunds ecuritization-the issuance of high-quality bonds and stocks-has
become the most powerful engine of wealth creation in today's world economy. Financial …

The essays in this volume explain how financial inflation shifts banking and financial
markets towards more speculative activity, changing the financial structure of the economy …

The global monetary system–the structure that governs financial relations between nations
and their macroeconomic policies–plays an indispensable role in the smooth functioning of …

During the past two years, financial and economic crises have engulfed most of the world's
emerging market economies, and have inflicted severe damage on many of the most …

This book examines the origins of modern corporate finance systems during the rapid
industrialization period leading up to World War I; leading to three sets of conclusions. First …

The book examines the rapid growth and dramatic changes in capital flows globally and to
emerging markets. In the context of relevant economic theory, it analyses benefits and costs …

What is global liquidity and how does it affect an economy? The paper addresses that
question by looking at liquidity from two different perspectives: global liquidity as availability …

This paper summarises the existing literature on the relationship between the financial and
the real sector, and proposes an empirical research agenda going forward. This research …