Full Description
This book explores financial trends in the age of financial globalization and explores the changing roles within the global financial industry. At the same time, the book provides a solid foundation for understanding the dramatic process of financial globalization specifically in the emerging Balkans. More elaborately, the book examines financial trends and developments of eight countries in the emerging Balkans defined to include: Albania, B&H, Bulgaria, Croatia, Montenegro, North Macedonia, Serbia, and Romania. Building on this background, this book addresses issues related to the emerging Balkans in terms of financial development compared with the benchmark of mature economies and highlights issues related to the growing impact of financial globalization, global trade, and FDI flows. It brings the focus onto the recent trends in Intra-Balkan trade liberalization and cooperation through the transition process and on the eve of EU membership. It also assesses progress made in banking development, stock market development, and economic growth and critically examines financial trends in the emerging Balkans and changes in its financial landscape.
Contents
1. Emerging Balkans in Transition.- 2. Financial Globalization.- 3. Trade in Services, Regional Integration and EU Accession Process.- 4. Banking in Transition: On the Road to Success.- 5. Does Stock Market Development Cause Growth?.- 6. Recent Financial Sector Developments in the Emerging Balkans.- 7. What is Driving International Financial Integration in the Emerging Balkans?.
