Managing financial markets and exchange rate volatility arising from globalisation

Financial globalisation is not a novel phenomenon. In the contemporary period, what is unprecedented about it is its breadth and depth. Several potential benefits emanate from financial globalisation. However, there is a downside of it. In the recent past, it has been observed that several globalising economies suffered from volatility of different kinds, which included volatility in financial markets and exchange rates. This, indeed, had high economic and social costs. Therefore, the author devotes a large part of this research to the vexing issue of volatility that follows financial globalization. A large part of this research is devoted to strategies of managing volatility in the backdrop of financial globalisation.