THE EFFECTS OF GLOBAL FINANCIAL INTEGRATION
Аннотация
Economic integration theories offer insights into how economies move from basic trade agreements to fully unified monetary unions. Each level of integration, from free trade zones to common markets and monetary unions, provides distinct benefits and challenges. For instance, free trade zones eliminate tariffs to promote regional trade, while economic unions introduce common regulations and policies.
Ключевые слова
Economic Cycles, Financial Crises, Financial Markets, Emerging Markets, Capital Flows, Contagion Risk, Exchange Rate Volatility,, Global Financial Integration, Policy Coordination, Banking Stability,
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