Global Financial Centers, Economic Power, and (In)Efficiency

Fikret Čaušević is a Professor of Economics and Finance at the School of Economics and Business, University of Sarajevo, Bosnia and Herzegovina, and a corresponding member of the Academy of Sciences and Arts of Bosnia and Herzegovina. In 2002, 2006, 2007, and 2010 he was a Visiting Fellow under the South East Europe Faculty Development Programme at the London School of Economics and Political Science, UK. In the 2011-2012 academic year, Čaušević was the SEESOX Alpha Bank Visiting Fellow at St Antony's College, University of Oxford, UK. Over the last decade, he has written extensively about economic transition in the world, South-East Europe, the Western Balkans, and Bosnia and Herzegovina.

• Chapter 1. Introduction: Global financial flows, stocks, economic power, and financial sustainability under the current structure of global finance.- Chapter 2. Cross-country analysis of financial assets and liabilities: 2005-2017.- Chapter 3. Changes in economic power: Global Economic growth from 2000 to 2017.- Chapter 4. Economic growth, financial (in)efficiency and sustainability.- Chapter 5. Concluding remarks on global financial centers, economic growth, financial efficiency and (in)stability.