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Global finance, goes the argument, cannot rely on Balkanised domestic oversight.This rhetoric has a familiar ring.
Maybe cross-border bank finance goes hand in hand with cross-border equity finance and with FDI.
One, delivered by the minister of finance, goes over the normal boring stuff: health; defence; education; taxes; tariffs and so on.
AS FINANCE goes global, the banks and brokers who once grubbed about in their backyards for business now want to straddle the world.
But I think another thing that needs to be part of the debate is the mechanisms to deal with the problems that are created when finance goes wrong.
But in those circumstances old-fashioned finance goes mad, too: for every securitisation stuffed with subprime loans in America, there was a stinking property loan sitting on the balance-sheet of an Irish bank or a Spanish caja.
Similar(46)
The exchange for the state going into balance is household finance going further into deficit.
Then he and Gary Schultz, the university's vice-president for business and finance, went to the Penn State president, Graham Spanier.
Exactly who would want to buy BlackBerry or how the company could finance going private was unclear on Monday.
Then he talks about how globalisation has affected labour.(W e need to realize that capital went global, trade went global, finance went global.
"I think everyone wants a bigger role for private-sector housing finance going forward, and how to do that transition is just a big job".
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CEO of Professional Science Editing for Scientists @ prosciediting.com