1. The Expansion and Globalization of Financial Markets. I. The Rapid Expansion of International Finance. II. The Global Information Revolution and Global Finance. III. Governmental Deregulation and International Finance. IV. Financial Market Globalization and Interest Rate Parity. V. Financial Strategy Parities -- 2. Financial Market Globalization and New Trade Patterns. I. Saver and Dissaver Countries. II. Case Study of US-Foreign Trade, 1981-. III. How the Foreign Exchange Market Has Been Working. IV. New Definitions of Trade and the Folly of Protectionism -- 3. New Uses of Money and the Collapse of Monetary Velocity. I. Transactions and Asset Demands for Money. II. Structural Changes and the Velocity of Money. III. The Collapse of Monetary Velocity in the US. IV. The Collapse of Monetary Velocity in the UK and Germany. V. Policy Implications -- Appendix: Regressions of US Income Velocity and Related Variables -- 4. Financial Crises and Recession
I. The 1982 Recessionary Period. II. The Stock Market Crash of 1987. III. The World Debt Crisis. IV. The 1990-Recessionary Period -- 5. International Adjustments and Political Responses. I. Preventing Financial Crises and Recession. II. National Strategies in the Global Economy
Analysis
Trade cycles
Notes
Includes index
Bibliography
Includes bibliographical references (pages 169-172) and index
