La globalisation financière de la fin du XXe siècle

Jacques Fontanel ()
Additional contact information
Jacques Fontanel: CESICE - Centre d'études sur la sécurité internationale et les coopérations européennes - UPMF - Université Pierre Mendès France - Grenoble 2 - IEPG - Sciences Po Grenoble - Institut d'études politiques de Grenoble

Post-Print from HAL

Abstract: Globalization was strongly supported by the most powerful market economies after the collapse of the Soviet Union. With the creation of the World Trade Organization and the former Bretton Woods international institutions, open borders were recommended. In this context, the 3 D rule was imposed: disintermediation, decompartmentalization and deregulation. Neoclassical economic analysis strongly influenced this global restructuring of finance, which, according to its proponents, would ultimately lead to international peace, and even to the end of history. Some criticisms have been made of this movement, such as the domino risk, the retroactive risk of the inflation of derivatives and even the possibility of a systemic risk.

Keywords: domino effect; international peace; derivatives; international competition; Financial globalization; Globalisation financière; effet domino; paix internationale; produits dérivés; compétition internationale. (search for similar items in EconPapers)
Date: 1998-12
Note: View the original document on HAL open archive server: https://hal.univ-grenoble-alpes.fr/hal-03383657v1
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Analyse et politique économique, Université Pierre Mendès France, 1998

Downloads: (external link)
https://hal.univ-grenoble-alpes.fr/hal-03383657v1/document (application/pdf)

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:hal:journl:hal-03383657

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().