A Brief Review: Socio-Economic Changes

Vasant Chintaman Joshi
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Vasant Chintaman Joshi: Bank of India

Chapter Chapter 1 in Digital Finance, Bits and Bytes, 2020, pp 1-16 from Springer

Abstract: Abstract Barely did the FSIs stabilize after the banking crisis of 2008–2010, when they had to face major socio-economic upheavals. The USA suddenly reversed gears and advocated “America First” policies. They reversed compacts on trade (NAFTA, Climate Treaty etc.). They even dismantled the environmental and financial services regulatory mechanisms. The FSI has yet to fully grasp and satisfactorily deal with these changes. One could say that the situation is in a great flux. Europe is equally faced with similar situation. UK’s decision to stay or quit EU still hangs in balance (Brexit) and the position of London in the emerging scenario. Thus, there is nothing but uncertainty facing decision makers.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-15-3431-7_1

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DOI: 10.1007/978-981-15-3431-7_1

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