Opportunities and Challenges of Financial Globalization

Linlin Zhou ()
Additional contact information
Linlin Zhou: University of Toronto, Management Specialist in Finance

A chapter in Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022), 2022, pp 879-884 from Springer

Abstract: ABSTRACT With the continuous development of globalization, the global circulation of finance has gradually become the main feature of globalization. This paper first makes a preliminary discussion on the meaning, characteristics and performance of financial globalization; then reviews the history of the development of financial globalization, and on this basis analyzes the market impact of the U.S. subprime mortgage crisis; then discusses the dividends and opportunities brought by financial globalization, and analyzes the reasons and prospects with the case of overseas expansion of Japanese financial institutions; and then analyzes the challenges of financial globalization, financial crisis, financial security, and financial challenges under the epidemic, and propose the construction of a financial safety net, scientific use of financial derivatives, and increased regulation of international lending to cope with the process of financial globalization, maintain financial stability, and thus achieve further economic and social development. Through a combination of theoretical analysis and empirical analysis, this paper aims to reveal the nature of financial globalization, explain the dividends and challenges brought about by financial globalization, and how to deal with risks. Finally, provide a theoretical basis for policymakers to take measures to prevent related financial crises. This paper concludes that in the context of financial globalization and the post-subprime mortgage crisis, people should conduct a more systematic and comprehensive review of financial stability, so as to be able to better achieve sustainable economic and social development.

Keywords: Financial globalization; Financial crisis; Countermeasures; Epidemic (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-036-7_129

Ordering information: This item can be ordered from
http://www.springer.com/9789464630367

DOI: 10.2991/978-94-6463-036-7_129

Access Statistics for this chapter

More chapters in Advances in Economics, Business and Management Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().