Financial markets in transition - globalization, investment and economic growth

Global financial markets are on the threshold of a new age. After decades of dramatic transformation in national financial markets and financial services industries, a more or less perfectly integrated and globalized system has emerged. Financial Markets in Transition uses empirical analysis of financial markets in Denmark, Finland, Norway and Sweden - including comparisons with the markets of the US, UK, Germany and Japan- to withdraw important conclusions about the different pace at which small national financial systems are adapting to global financial intergration. Lars Oxelheim emphasises the interaction between politicians and markets, and pin-poinst bond market inefficiencies and risk premiums as key factors between economic and corporate competitive performance during and after the phase of transition.

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