In the global era soundness financial sector and financial discipline of agents (governments, investors, households) represents of the key aspect of generally expected positive outcomes of economic and financial globalization. Sustainable economic growth of global economy is necessarily conditional to positive contribution of the financial sector development as well as the financial discipline of agents to the real performance of economies. Thus, the goal of this book is to encourage the exchange of new ideas about challenges in global trends in finance in the view of wide aspects of current financial and (public, corporate, households) debt crisis. The target audience for this publication is academics, researchers, and policy makers engaged in various disciplines such as international finance, international monetary arrangements, economic prognosis, international capital flows liberalization and regulation, bank asset and liability management, fiscal deficit, public debt, fiscal federalism, fiscal unification, corporate debt, household debt, etc. Recommended topics of the book include, but are not limited to, the following: financial crisis, global imbalances, challenges to new international monetary arrangements, moral hazard, risk sharing and diversification, bank supervision and revitalization, financial integration, financial deepening, exchange rate regimes, debt crisis, fiscal unification, post crisis economic recovery, corporate indebtedness, personnel bankruptcy, etc.
