Author Description

Product Description Globalization of capital markets has received new momentum and it will continue to be of major importance for the years to come. Partly, the increasing integration of financial markets and the rise of foreign direct investment is a consequence of world trade expansion. But in addition to this underlying trend, the worldwide collapse of socialist systems and the opening up of big economies like India and China have fuelled the development of globalized capital markets. This book takes stock of recent developments with emphasis on emerging capital markets. About the Author ANDREAS BLEY Economist, German Association of Co-operative Banks, Germany SEBASTIAN DULLIEN Economics Correspondent, Financial Times Deutschland, Germany HENRIK ENDERLEIN Junior-Professor, Department of Economics, John F. Kennedy Institute for North American Studies, Freie Universität Berlin, Germany GIUSEPPE FONTANA Senior Lecturer in Economics, University of Leeds, UK STEPHEN FROWEN Senior Research Associate, Von Hügel Institute, University of Cambridge, UK JOHN GRAHL Professor of Economics, London Metropolitan University, UK CHARLES A. E. GOODHART Member, Financial Markets Group, London School of Economics and Political Science, UK WALTER W. HEERING Senior Lecturer in Financial Economics, Brighton Business School, University of Brighton, UK MICHAEL HÜTHER Managing Director, Institut der deutschen Wirtschaft, Germany ELIAS KARAKITSOS Chairman, Global Economic Research, Cambridge Centre for Economic and Public Policy, University of Cambridge, UK EVAN KRAFT Director, Research Department, Croatian National Bank, Croatia TADEUSZ KOWALSKI Department of Economic Policy, Poznan University of Economics, Poland ELKE MUCHLINSKI Lecturer in Economics, Freie Universität Berlin, Germany ANDREW MULLINEUX Professor of Global Finance and Director, Global Finance Research Group, Birmingham Business School, University of Birmingham, UK VOLKER NITSCH Junior Professor of Economic Po