Bullettin n. 1/2011
June 2011
CONTENTS
  • Section A) The theory and practise of the federal states and multi-level systems of government
  • Section B) Global governance and international organizations
  • Section C) Regional integration processes
  • Section D) Federalism as a political idea
    • Sinclaira Timothy J.
    Stay on target! Implications of the global financial crisis for Asian capital markets
    in Contemporary Politics , Vol. 17, n. 2, June ,  2011 ,  119-131
    The global financial crisis that started in the summer of 2007 is one of the most significant events to have affected the world order since the end of the Cold War. It has stimulated debate in developed countries about how global finance should be regulated to ensure the fairness of individual transactions and the stability of the financial system, and in some places, about the proper place of finance in society. Things have been different in East Asia where resilience and continuity are characteristic of the impact and response to financial volatility. The development of financial disintermediation, characterized by the emergence and growing role of securities markets, and the changing identity of banks, has continued largely unaffected in the region. The article argues three distinct phenomena have combined to produce this outcome.
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