Global Prosperity

As part of the process of financial globalisation, financing, or lack of financing, for endeavours in the areas of environmental issues, population growth, food security, health and technological changes will have direct and indirect impacts on global financial stability and hence global prosperity. To this end, the IGF has been engaged in global issues that have direct and indirect financial impacts on systemic risk, global financial stability and world security. The IGF has published several high impact research works and organised a number of policy fora that deal with the above issues. The IGF’s engagement and research with eminent researchers and joint work with the World Bank and the Asian Development Bank are part of the overall objectives of providing global leadership in factors that contribute to global prosperity.

For information regarding events in this area, please also refer to the “videos”.

Asian Capital Market Development and Integration: Challenges and Opportunities (2014)
Asian Development Bank Azis, I. (ADB), Moshirian, F. (IGF, UNSW) etc.
Corporate Venture Capital, Value Creation, and Innovation (2014)
Chemmanur, T., Elena, L. and Xuan Tian, Review of Financial Studies, 27 (8), 2434-2473
Financial Liberalization and Innovation (2014)
Fariborz Moshirian (IGF, UNSW), Xuan Tian (Indiana University), Zhengyuan Wang (UNSW) and Bohui Zhang (UNSW)
Financial Development and Innovation: Cross-country Evidence (2013)
Hsu, P., Tian, X. and Y. Xu, Journal of Financial Economics, 112(1), 116-135.
Pricing innovations in consumption growth: A re-evaluation of the recursive utility model (2013)
Journal of Banking and Finance, 37 (11), 4465–4475 Xiao, Y. (Monash University), Faff, R. (University of Queensland), Gharghori, P. (Monash University) and B. Min (University of Neuchatel)
The Global Financial Crisis and the Evolution of Markets, Institutions and Regulation (2011)
Moshirian, F., Journal of Banking and Finance, 35 (3), 502-511
Tolerance for Failure and Corporate Innovation (2011)
Tian, X. and T. Wang, Review of Financial Studies Vol. 27 (1), 211-255.
Globalisation, growth and institutions (2008)
Moshirian, F., Journal of Banking and Finance, 32 (4), 472-479
Financial globalization and growth (2008)
Moshirian, F., Journal of Banking and Finance, 32 (4), 471
Globalisation and the role of effective international institutions (2007)
Moshirian, F., Journal of Banking and Finance, 31 (6), 1579-1593