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

  • Book
  • © 2020

Overview

Authors:
  1. Fikret Čaušević

    1. School of Economics and Business, University of Sarajevo, Sarajevo, Bosnia and Herzegovina

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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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Table of contents (5 chapters)

  1. Front Matter

    Pages i-xix
    Download chapter PDF

  2. Introduction: Global Financial Flows, Stocks, Economic Power, and Financial Sustainability Under the Current Structure of Global Finance

    • Fikret Čaušević
    Pages 1-7

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

    • Fikret Čaušević
    Pages 9-46

  4. Changes in Economic Power: Global Economic Growth from 2000 to 2017

    • Fikret Čaušević
    Pages 47-72

  5. Economic Growth, Financial (In)efficiency, and Sustainability

    • Fikret Čaušević
    Pages 73-105

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

    • Fikret Čaušević
    Pages 107-113

  7. Back Matter

    Pages 115-167
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Keywords

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 oneof 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.

Authors and Affiliations

  • School of Economics and Business, University of Sarajevo, Sarajevo, Bosnia and Herzegovina

    Fikret Čaušević

About the author

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.

Bibliographic Information

  • Book Title: Global Financial Centers, Economic Power, and (In)Efficiency

  • Authors: Fikret Čaušević

  • DOI: https://doi.org/10.1007/978-3-030-36576-9

  • Publisher: Palgrave Pivot Cham

  • 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 Switzerland AG 2020

  • Hardcover ISBN: 978-3-030-36575-2Published: 27 December 2019

  • Softcover ISBN: 978-3-030-36578-3Published: 27 December 2020

  • eBook ISBN: 978-3-030-36576-9Published: 26 December 2019

  • Edition Number: 1

  • Number of Pages: XIX, 167

  • Number of Illustrations: 1 b/w illustrations, 9 illustrations in colour

  • Topics: Capital Markets, Financial Crises, Macroeconomics/Monetary Economics//Financial Economics

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