ABSTRACT

This book was motivated by the changes and developments in the global financial environment witnessed in the twenty-first century. As the analysis has shown, the financial world experienced three major developments: changes in the financial environment governing financial and economic crimes, the global financial crisis, and changes in monetary policy conduct given the rise of monetary unions without fiscal unions, unconventional monetary policies such as quantitative easing, and central banks’ holdings of foreign reserves. The book was thus divided into three parts covering these developments.