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Financial (De)Globalization and Financial Market (Dis)Integration

  • Dieter PesendorferEmail author
Chapter

Abstract

The chapter provides the background to the study and explores the lessons from two waves of financial globalization, the transition from the gold standard to the Bretton Woods System to the liberalization and deregulation of finance and the emergence of finance-dominated capitalism. It then discusses the major transformations in capitalism and the rise of finance-led capitalism leading to increased financial instability and the Global Financial Crisis. The chapter continues with an overview and critical evaluation of regulating finance after the crisis before exploring the challenges for Inclusive Capitalism and Sustainable Finance.

Keywords

Financial globalization Bretton Woods Finance-led capitalism Financial regulation Neoliberalism Inclusive capitalism 

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Authors and Affiliations

  1. 1.School of LawQueen’s University BelfastBelfastUK

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