Financial Globalization and the International Financial Architecture
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This chapter provides a brief review of the recent evolution of financial globalization and examines the rationale for the international financial architecture (IFA). It also describes the main institutional features of that architecture, as it existed before the current global crisis. The succeeding chapters (chapters 3–5) attempt to explain how it came to take the shape that it has.
KeywordsEuropean Union World Trade Organization Advanced Country Capital Control Emerge Market Economy
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