Opportunities and Challenges of Financial Globalization

DOI

10.2991/978-94-6463-036-7_129How to use a DOI?

Keywords

Financial globalization; Financial crisis; Countermeasures; Epidemic

ABSTRACT

With the continuous development of globalization, the global circulation of finance has gradually become the main feature of globalization. This paper first makes a preliminary discussion on the meaning, characteristics and performance of financial globalization; then reviews the history of the development of financial globalization, and on this basis analyzes the market impact of the U.S. subprime mortgage crisis; then discusses the dividends and opportunities brought by financial globalization, and analyzes the reasons and prospects with the case of overseas expansion of Japanese financial institutions; and then analyzes the challenges of financial globalization, financial crisis, financial security, and financial challenges under the epidemic, and propose the construction of a financial safety net, scientific use of financial derivatives, and increased regulation of international lending to cope with the process of financial globalization, maintain financial stability, and thus achieve further economic and social development. Through a combination of theoretical analysis and empirical analysis, this paper aims to reveal the nature of financial globalization, explain the dividends and challenges brought about by financial globalization, and how to deal with risks. Finally, provide a theoretical basis for policymakers to take measures to prevent related financial crises. This paper concludes that in the context of financial globalization and the post-subprime mortgage crisis, people should conduct a more systematic and comprehensive review of financial stability, so as to be able to better achieve sustainable economic and social development.

Copyright

© 2022 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Linlin Zhou
PY  - 2022
DA  - 2022/12/31
TI  - Opportunities and Challenges of Financial Globalization
BT  - Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
PB  - Atlantis Press
SP  - 879
EP  - 884
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-036-7_129
DO  - 10.2991/978-94-6463-036-7_129
ID  - Zhou2022
ER  -