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| Author: | Fontela, E. |
| Title: | The era of finance. Proposals for the future |
| Journal: | Futures
1998 : OCT, VOL. 30:8, p. 749-768 |
| Index terms: | FUTURE FINANCE THEORIES |
| Language: | eng |
| Abstract: | Finance, the economic activity intermediating between savings and investments, is probably the first to reach the stage of globalization; as a consequence, the financial sector is taking a leading position in modern economic systems. While the world expects from financial efficiency an increasingly positive contribution to welfare, it appears that recent developments of financial leadership in an increasingly deregulated world system, are also acting negatively on world welfare. |
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