Skip to Main Navigation

Financial deregulation and the globalization of capital markets (English)

Financial deregulation in recent years has vastly increased the ability of the financial markets to allocate international capital efficiently. It has also sparked explosive growth in financial transactions and resulted in a restructured, more competitive, and less costly financial services industry. But the deregulation has proceeded so rapidly that the volume of purely financial transactions now greatly exceeds that of transactions driven by international trade in goods and services. This new pattern has led to growing economic uncertainty and instability. Markets now run around the clock and respond to change so rapidly that there is a growing danger of chain reactions that could precipitate global market failure. Regulators in the major trading nations need to address the possibility of a full-scale breakdown of the financial system.

Details

Downloads

COMPLETE REPORT

Official version of document (may contain signatures, etc)

  • Official PDF
  • TXT*
  • Total Downloads** :
  • Download Stats
  • *The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity.

Citation

VERSLUYSEN, EUGENE L.

Financial deregulation and the globalization of capital markets (English). Policy, Planning and Research Department working papers ; no. WPS 40 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/235201468764398871/Financial-deregulation-and-the-globalization-of-capital-markets