The Role of Financial Institutions and Markets
Technology, globalization, competition, and deregulation all have contributed to the revolution of worldwide financial markets and the creation of an efficient, internationally linked market. However, these developments have created potential problems (Brigham 1995: 111). As the worldwide financial crisis, which started in the early summer of 2007 in America and spread globally, still shapes the headlines of newspapers and the political agenda of developed countries. […]