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Author | : Leonardo E. Stanley |
Publisher | : Anthem Press |
Total Pages | : 260 |
Release | : 2018-03-15 |
Genre | : Business & Economics |
ISBN | : 1783086750 |
Download Emerging Market Economies and Financial Globalization Book in PDF, ePub and Kindle
In the past, foreign shocks arrived to national economies mainly through trade channels, and transmissions of such shocks took time to come into effect. However, after capital globalization, shocks spread to markets almost immediately. Despite the increasing macroeconomic dangers that the situation generated at emerging markets in the South, nobody at the North was ready to acknowledge the pro-cyclicality of the financial system and the inner weakness of “decontrolled” financial innovations because they were enjoying from the “great moderation.” Monetary policy was primarily centered on price stability objectives, without considering the mounting credit and asset price booms being generated by market liquidity and the problems generated by this glut. Mainstream economists, in turn, were not majorly attracted in integrating financial factors in their models. External pressures on emerging market economies (EMEs) were not eliminated after 2008, but even increased as international capital flows augmented in relevance thereafter. Initially economic authorities accurately responded to the challenge, but unconventional monetary policies in the US began to create important spillovers in EMEs. Furthermore, in contrast to a previous surge in liquidity, funds were now transmitted to EMEs throughout the bond market. The perspective of an increase in US interest rates by the FED is generating a reversal of expectations and a sudden flight to quality. Emerging countries’ currencies began to experience higher volatility levels, and depreciation movements against a newly strong US dollar are also increasingly observed. Consequently, there are increasing doubts that the “unexpected” favorable outcome observed in most EMEs at the aftermath of the Global Financial Crisis (GFC) would remain.
Author | : L. Armijo |
Publisher | : Springer |
Total Pages | : 348 |
Release | : 1999-01-13 |
Genre | : Business & Economics |
ISBN | : 0333994892 |
Download Financial Globalization and Democracy in Emerging Markets Book in PDF, ePub and Kindle
When Mexico's peso crisis occurred in December 1994, all of Latin America experienced the 'tequila effect'. In January 1998, after seven months of financial turmoil in East Asia, Alan Greenspan, the usually reticent Chairman of the US Federal Reserve Bank, noted that such 'vicious cycles...may, in fact, be a defining characteristic of the new high-tech international financial system'. This book examines the impact of the new, highly liquid portfolio capital flows on governments, opposition, politicians, business and the workforce in such emerging market countries as Mexico, Brazil, Russia, Indonesia, Vietnam, Thailand and Indonesia. Hailed as 'exemplary and innovative', 'fine-grained and accessible' and 'a must read', this collection of original essays in newly available in paperback.
Author | : Dilip K. Das (Wirtschaftswissenschaftler) |
Publisher | : |
Total Pages | : |
Release | : 2004 |
Genre | : Capital movements |
ISBN | : 9780203672044 |
Download Financial Globalization and the Emerging Market Economies Book in PDF, ePub and Kindle
Author | : Dilip K. Das |
Publisher | : |
Total Pages | : 220 |
Release | : 2012-09-10 |
Genre | : Business & Economics |
ISBN | : 9780415647786 |
Download Financial Globalization and the Emerging Market Economy Book in PDF, ePub and Kindle
The whirlwind of financial globalization has descended upon emerging market economies and rapid change has brought both benefits and problems upon a dynamic group of nations. This book examines the impact of ever increasing financial globalization on emerging market economies, both in the former communist countries of Eastern Europe and the developing world in general. This impressive volume covers themes and issues such as: *global capital flows and financial liberalization *global financial architecture *financial and macroeconomic instability Financial Globalization and the Emerging Market Economies will be of interest to students and academics in many areas including international economics, international finance and international political economy. It will also provide a useful source of information for those who work in the financial industry at large.
Author | : Dilip K. Das |
Publisher | : Routledge |
Total Pages | : 374 |
Release | : 2004-01-22 |
Genre | : Business & Economics |
ISBN | : 1134333161 |
Download Financial Globalization and the Emerging Market Economy Book in PDF, ePub and Kindle
The whirlwind of financial globalization has descended upon emerging market economies and rapid change has brought both benefits and problems upon a dynamic group of nations.This book examines the impact of ever increasing financial globalization on emerging market economies, both in the former communist countries of Eastern Europe and the developi
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 457 |
Release | : 2009-03-19 |
Genre | : |
ISBN | : 9264044817 |
Download Globalisation and Emerging Economies Brazil, Russia, India, Indonesia, China and South Africa Book in PDF, ePub and Kindle
This book analyses key elements of the trade performance of the so-called BRIICS: Brazil, Russia, India, Indonesia, China and South Africa, in relation to the rest of the world, focusing on trade and other policies influencing that performance. It also presents a separate chapter for each country.
Author | : Mohammed El Hedi Arouri |
Publisher | : Academic Press |
Total Pages | : 927 |
Release | : 2013-12-26 |
Genre | : Business & Economics |
ISBN | : 0124115632 |
Download Emerging Markets and the Global Economy Book in PDF, ePub and Kindle
Emerging Markets and the Global Economy investigates analytical techniques suited to emerging market economies, which are typically prone to policy shocks. Despite the large body of emerging market finance literature, their underlying dynamics and interactions with other economies remain challenging and mysterious because standard financial models measure them imprecisely. Describing the linkages between emerging and developed markets, this collection systematically explores several crucial issues in asset valuation and risk management. Contributors present new theoretical constructions and empirical methods for handling cross-country volatility and sudden regime shifts. Usually attractive for investors because of the superior growth they can deliver, emerging markets can have a low correlation with developed markets. This collection advances your knowledge about their inherent characteristics. Foreword by Ali M. Kutan Concentrates on post-crisis roles of emerging markets in the global economy Reports on key theoretical and technical developments in emerging financial markets Forecasts future developments in linkages among developed and emerging economies
Author | : Grzegorz W. Kolodko |
Publisher | : Routledge |
Total Pages | : 292 |
Release | : 2018-04-27 |
Genre | : Business & Economics |
ISBN | : 1351775839 |
Download Emerging Market Economies Book in PDF, ePub and Kindle
This title was first published in 2003. Emerging Market Economies: Globalization and Development is the result of a comprehensive international research project co-ordinated within the TIGER (Transformation, Integration and Globalization Economic Research). It deals with economic, social and political implications of globalization for the development of emerging market economies and is authored by a host of international scholars from the USA, Chile, Tanzania, UK/Italy, Hungary, Poland, Romania, China and Japan. Kolodko et al examine the fundamental issues of the influences of globalization on the markets for capital, goods and labour and for the growth and development in emerging markets including post-communist countries. The study includes a number of comprehensive and compatible works which deal especially with the chances for and mechanism of catching-up on these emerging markets.
Author | : Frederic S. Mishkin |
Publisher | : Princeton University Press |
Total Pages | : 321 |
Release | : 2009-10-08 |
Genre | : Business & Economics |
ISBN | : 1400829445 |
Download The Next Great Globalization Book in PDF, ePub and Kindle
Many prominent critics regard the international financial system as the dark side of globalization, threatening disadvantaged nations near and far. But in The Next Great Globalization, eminent economist Frederic Mishkin argues the opposite: that financial globalization today is essential for poor nations to become rich. Mishkin argues that an effectively managed financial globalization promises benefits on the scale of the hugely successful trade and information globalizations of the nineteenth and twentieth centuries. This financial revolution can lift developing nations out of squalor and increase the wealth and stability of emerging and industrialized nations alike. By presenting an unprecedented picture of the potential benefits of financial globalization, and by showing in clear and hard-headed terms how these gains can be realized, Mishkin provides a hopeful vision of the next phase of globalization. Mishkin draws on historical examples to caution that mismanagement of financial globalization, often aided and abetted by rich elites, can wreak havoc in developing countries, but he uses these examples to demonstrate how better policies can help poor nations to open up their economies to the benefits of global investment. According to Mishkin, the international community must provide incentives for developing countries to establish effective property rights, banking regulations, accounting practices, and corporate governance--the institutions necessary to attract and manage global investment. And the West must be a partner in integrating the financial systems of rich and poor countries--to the benefit of both. The Next Great Globalization makes the case that finance will be a driving force in the twenty-first-century economy, and demonstrates how this force can and should be shaped to the benefit of all, especially the disadvantaged nations most in need of growth and prosperity.
Author | : United Nations. Economic Commission for Latin America and the Caribbean |
Publisher | : United Nations Publications |
Total Pages | : 354 |
Release | : 2000 |
Genre | : Business & Economics |
ISBN | : |
Download Financial Globalization and the Emerging Economies Book in PDF, ePub and Kindle
Financial globalisation has been a dynamic element in recent years, with large capital flows to a number of emerging economies in Latin America and Asia often being followed by financial crises.