Globalization, Corporate Finance, and the Cost of Capital Introduction While most researchers and analysts attribute the 2008 international economic crisis to parallels with the downturn of the housing market driven by financial policy changes in the United States, there were other, more challenging financial system failures informing the crisis that must also be taken into account. These included, in no small part, international macroeconomic and capital market policies, which have created a lasting impact on foreign exchange markets and, in turn, on trade itself. The destabilization of markets caused by the global economic crisis has directly affected the liquidity and viability of consumer and business capital as well as the price of...The end:
.....s are permitted to participate in trade. Stulz fails to take these ideological and ethical considerations to bear in his analysis as a whole. References Barrell, R. “Trend Growth And Rising Inflation.” National Institute Economic Review (2005): 191-199. Klemperer, P. “Competition when Consumers have Switching Costs: An Overview with Applications to Industrial Organization, Macroeconomics, and International Trade.” The Review of Economic Studies 62.4 (1995): 515-539. O'Sullivan, D. Address of the Director General for Trade at the European Commission to the Irish Institute for European Affairs. Dublin, 21 July 2009. Stulz , Rene. “Globalization, Corporate Finance, and the Cost of Capital.” Journal of Applied Corporate Finance 12 (2005): 8-28.