Financial Globalization and the Shifting Sands in Contemporary Financial Markets

Abstract

The focus of this chapter is the financial globalization in the contemporary period. It begins with the impact of several momentous developments in the post-World War II era, which helped shape the contours of the contemporary era of financial globalization. It traces the emergence of the financial and capital markets and delineates the shifting trends during the post-2000 period. Thus, it covers the global financial canvas of a large time span. It examines, inter alia, the resumption of financial globalization after the deglobalization period of the 1930s and World War II, and looks at its principal drivers.