Bulletin n. 1/2008
May 2008
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
    • Ye F.J.
    Financial Opening and Financial Security
    in China: an International Journal , Volume 5 Issue 2 September ,  2007 ,  559-587
    Since the onset of globalization in the 1980s, ever-greater numbers of countries have joined in the tidal wave of financial opening. But the costs and benefits of taking this step vary enormously. Certain countries greatly enhance their financial strength by attracting international capital of a magnitude sufficient to remedy financial deficits and redress unfavourable trade balances. Others experience serious crises, their economic security beholden to the constant challenge of international capital flow. Why should experiences of financial opening vary to such a great extent? And why do foreign-invested financial institutions (hereafter: foreign financial institutions) have such a low market share and so little influence within the vast majority of developed financial markets?
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