Overview
- Discusses international capital flows from the perspectives of both advanced and emerging economies
- Analyzes capital flows including global liquidity that lie underneath the global financial crises
- Covers topics related to excessive flow such as shadow banking in China and capital controls
Part of the book series: Kobe University Monograph Series in Social Science Research (KUMSSSR)
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Table of contents (9 chapters)
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Front Matter
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Back Matter
Keywords
About this book
This book covers many aspects of excessive expansion of cross-border capital flows underlying the global financial crises that occurred in succession in the form of the subprime mortgage crisis, the collapse of Lehman Brothers, and the European debt crisis. Obtaining a broader picture of financial flows at the global level from various perspectives is essential to comprehensively understand the fundamental causes for a series of global-scale financial crises and to formulate effective policy responses in the future. The topics addressed here include a basic concept and overview of global liquidity in a broad sense, domestic and international credit activities of financial institutions in both advanced and emerging countries, and global demand for US dollars. Offshore bond issuance in BRICs countries, including its implications for the Chinese shadow banking sector, uncovered interest rate parity puzzle, and related policies such as capital controls are covered as well. This book ishighly recommended to readers who seek an in-depth and up-to-date integrated overview of the dynamics of today’s globalized financial markets.
Editors and Affiliations
About the editors
Yoichi Matsubayashi is a professor of economics at Kobe University in Japan, where he received his Ph.D. His main research interest is international macroeconomics, especially external imbalances in the recent world economy. He has published many papers in refereed journals, such as the Japanese Economic Review and Japan and the World Economy. He is also the co-author of Financial Globalization and Regionalism in East Asia (Routledge 2013).
Shigeto Kitano is a professor of economics at Kobe University. He received his Ph.D. from Nagoya University in Japan. His main research interest is international macroeconomics. He has published many papers in refereed journals, such as the Journal of Macroeconomics, Economic Inquiry, Open Economies Review, Pacific Economic Review, International Review of Economics and Finance, Review of Development Economics, International Journal of Economic Theory, Journal of Economics, and Applied EconomicsLetters.
Bibliographic Information
Book Title: Global Financial Flows in the Pre- and Post-global Crisis Periods
Editors: Yoichi Matsubayashi, Shigeto Kitano
Series Title: Kobe University Monograph Series in Social Science Research
DOI: https://doi.org/10.1007/978-981-19-3613-5
Publisher: Springer Singapore
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2022
Hardcover ISBN: 978-981-19-3612-8Published: 04 September 2022
Softcover ISBN: 978-981-19-3615-9Published: 05 September 2023
eBook ISBN: 978-981-19-3613-5Published: 03 September 2022
Series ISSN: 2524-504X
Series E-ISSN: 2524-5058
Edition Number: 1
Number of Pages: XXII, 224
Number of Illustrations: 17 b/w illustrations, 67 illustrations in colour
Topics: Macroeconomics/Monetary Economics//Financial Economics, International Economics, International Finance