Financial markets have been revolutionized by megaspeed transmission technology and the integration of regional economic blocs. The global village has become a reality as markets are connected across nations by the invisible hand of worldwide trade. The Global Structure of Financial Markets explores these recent changes in financial markets. Areas discussed include Latin America, Europe, the US, Mexico and India. The book updates issues including: Risk and its minimization Business enterprise on world markets Capital flows and capital flights Offshore markets Central bank intervention. This new research sharpens ongoing debates and offers insights into the untouched areas of less developed and just-emerging economies. The book's rare theoretical and empirical depth will make it invaluable to scholars, policy makers and market analysts.