Global Financial Centers, Economic Power, and (In)Efficiency

Authors: Čaušević, Fikret

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  • Scrutinizes global financial flows and stocks, both financial assets and liabilities and their impact on the global balance of economic power
  • Opens with an analysis of global capital flows and their concentration
  • Offers an analysis of rates of relative economic growth (or decline)
  • Shows how financial flows can promote economic growth and financial capital can serve as a tool for higher growth rates in emerging market economies
  • Deals with the (decreasing) economic efficiency of financial flows and the (un)sustainability of economic growth
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eBook 42,79 €
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  • ISBN 978-3-030-36576-9
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Hardcover 51,99 €
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  • ISBN 978-3-030-36575-2
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Softcover 51,99 €
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  • ISBN 978-3-030-36578-3
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
  • The final prices may differ from the prices shown due to specifics of VAT rules
About this book

This book scrutinizes global financial flows and stocks, both financial assets and liabilities and their impact on the global balance of economic power, especially as they affect the largest and fastest-growing countries in both the developed and the developing world. It shows how financial flows can promote economic growth and financial capital can serve as a tool for higher growth rates in emerging market economies, but also that the huge amounts of financial capital currently being spent in advanced countries to promote economic growth has produced at best very modest improvements and in some cases negative results.

The book opens with an analysis of global capital flows and their concentration. It then offers an analysis of rates of relative economic growth (or decline). The final section deals with the (decreasing) economic efficiency of financial flows and the (un)sustainability of economic growth, especially during the past eight years of economic recovery. Tackling one of the most serious problems in the global economy today, this book will be of interest to academics, researchers, and students of capital markets, financial crisis, and financial economics.

About the authors

Fikret Čaušević is a Professor of Economics and Finance at the School of Economics and Business, University of Sarajevo, Bosnia and Herzegovina, and a corresponding member of the Academy of Sciences and Arts of Bosnia and Herzegovina. In 2002, 2006, 2007, and 2010 he was a Visiting Fellow under the South East Europe Faculty Development Programme at the London School of Economics and Political Science, UK. In the 2011-2012 academic year, Čaušević was the SEESOX Alpha Bank Visiting Fellow at St Antony's College, University of Oxford, UK. Over the last decade, he has written extensively about economic transition in the world, South-East Europe, the Western Balkans, and Bosnia and Herzegovina.

Table of contents (5 chapters)

Table of contents (5 chapters)
  • Introduction: Global Financial Flows, Stocks, Economic Power, and Financial Sustainability Under the Current Structure of Global Finance

    Pages 1-7

    Čaušević, Fikret

  • Cross-Country Analysis of Financial Assets and Liabilities: 2005–2017

    Pages 9-46

    Čaušević, Fikret

  • Changes in Economic Power: Global Economic Growth from 2000 to 2017

    Pages 47-72

    Čaušević, Fikret

  • Economic Growth, Financial (In)efficiency, and Sustainability

    Pages 73-105

    Čaušević, Fikret

  • Concluding Remarks on Global Financial Centres, Economic Growth, Financial Efficiency, and (In)stability

    Pages 107-113

    Čaušević, Fikret

Buy this book

eBook 42,79 €
price for Spain (gross)
  • ISBN 978-3-030-36576-9
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 51,99 €
price for Spain (gross)
  • ISBN 978-3-030-36575-2
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
  • The final prices may differ from the prices shown due to specifics of VAT rules
Softcover 51,99 €
price for Spain (gross)
  • ISBN 978-3-030-36578-3
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
  • The final prices may differ from the prices shown due to specifics of VAT rules

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Bibliographic Information

Bibliographic Information
Book Title
Global Financial Centers, Economic Power, and (In)Efficiency
Authors
Copyright
2020
Publisher
Palgrave Pivot
Copyright Holder
The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG
eBook ISBN
978-3-030-36576-9
DOI
10.1007/978-3-030-36576-9
Hardcover ISBN
978-3-030-36575-2
Softcover ISBN
978-3-030-36578-3
Edition Number
1
Number of Pages
XIX, 167
Number of Illustrations
1 b/w illustrations, 9 illustrations in colour
Topics