Preface / James K. Galbraith -- Introduction: financial development : the sword of damocles hanging over the process of economic development / Faruk Ülgen -- Financial liberalization, crises and policy implications / Philip Arestis -- Global financing: a bad medicine for developing countries /...

"Since the start of the Global Financial Crisis in 2008, research on central banking has gained momentum due to unusual levels of central bank activism and unconventional monetary policy measures in many countries. While these policies drew significant attention to advanced economy central...

"This book provides a comprehensive overview of the financial integration of emerging economies through an in-depth analysis of the international monetary system, how it impacts capital flows and exchange rates, and its implications for policy making. The financial integration of emerging...