Handbook of Key Global Financial Markets, Institutions, and Infrastructure


  • Gerard Caprio, Williams College, Williamstown, MA

Understanding twenty-first century global financial integration requires a two-part background.  The Handbook of Key Global Financial Markets, Institutions, and Infrastructure begins its description of how we created a financially-intergrated world by first examining the history of financial globalization, from Roman practices and Ottoman finance to Chinese standards, the beginnings of corporate practices, and the advent of efforts to safeguard financial stability.  It then describes the architecture itself by analyzing its parts, such as markets, institutions, and infrastructure.  The contributions of sovereign funds, auditing regulation, loan markets, property rights, compensation practices, Islamic finance, and others to the global architecture are closely examined.  For those seeking substantial, authoritative descriptions and summaries, this volume will replace books, journals, and other information sources with a single, easy-to-use reference work.
View full description


Undergraduates and graduate students worldwide working in all areas of finance and economics.  Researchers will typically be examining the global aspects and implications of their particular interests.


Book information

  • Published: November 2012
  • ISBN: 978-0-12-397873-8


"Part of a three-volume series dedicated to examining the myriad issues related to financial globalization…this volume addresses the historical and institutional roots of financial globalization and current key institutional elements of current global finance."--Reference and Research Book News, February 2013
"In times of turmoil, people seek understanding and composure by looking to the past for guidance. This collection of papers provides an excellent reference in our troubled financial times for investors, analysts, and policy makers. As the first comprehensive attempt to document the world’s monetary past, the volume makes a terrific supplement for courses in financial history."--Richard Steckel, The Ohio State University
The Handbook of Key Global Financial Markets, Institutions, and Infrastructure takes a sweeping view of the history of financial markets and their institutions, which span millennia and includes the rise of fall of empires, republics, and economic and political unions. The volume clearly establishes that many of the recent experiences in financial markets, especially financial crisis, bank internationalisation and government bailouts are not unique to the recent past but have occurred time and time again. The authors of this collection offer rare insights and perspectives on these experiences. Although, the contexts may differ the lessons from history are succinctly explained and interpreted in the modern context. Hopefully the retelling will ensure they are not ignored."--Jonathan A. Batten, Hong Kong University of Science & Technology

Table of Contents

Globalization of Finance:  An Historical View (27 articles)

Key Markets, Institutions, and Infrastructure in Global Finance (31 articles)