Global Financial Markets

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The book delves into critical issues faced by various stakeholders in global financial markets, particularly in emerging economies, as highlighted by the Asian financial crisis. It features analyses from leading financial scholars on topics such as arbitrage opportunities without hedging instruments, the influence of capital controls on capital flows, currency unification and pegging in floating exchange regimes, regulatory reforms, and political risk assessment. These insights aim to provide a comprehensive understanding of the complexities in contemporary financial landscapes.