National laws for global capital markets - A contradiction?: Difference between revisions

National laws for global capital markets - A contradiction? (view source)

Revision as of 21:20, 3 January 2010

68 bytes removed , 21:20, 3 January 2010

no edit summary

Marx

24

edits

Revision as of 21:19, 3 January 2010 (view source) Marx (talk \| contribs) No edit summary ← Older edit		Revision as of 21:20, 3 January 2010 (view source) Marx (talk \| contribs) No edit summary Newer edit →
Line 1:		Line 1:
	~~'''National laws for global capital markets – A contradiction?'''~~

	Through globalisation of capital markets the linkage between countries respectively governments has increased. But not only countries are affected. The rise of interchange of deposit money affects every participant of the globalised world. This phenomenon is no innovation of the 21st century. It was mentioned in literature before: ‘… the financial system has been changing rapidly in recent years and has now become a truly global market-place’ (Gowland (1990) p.80). The starting point may be considered in 1971/73 when foreign exchange rates were released (see below). (Group of Lisbon (1997) p.48).		Through globalisation of capital markets the linkage between countries respectively governments has increased. But not only countries are affected. The rise of interchange of deposit money affects every participant of the globalised world. This phenomenon is no innovation of the 21st century. It was mentioned in literature before: ‘… the financial system has been changing rapidly in recent years and has now become a truly global market-place’ (Gowland (1990) p.80). The starting point may be considered in 1971/73 when foreign exchange rates were released (see below). (Group of Lisbon (1997) p.48).