Emerging markets economies and financial globalization : Argentina, Brazil, China, India and South Korea /

Emerging markets economies and financial globalization : Argentina, Brazil, China, India and South Korea /

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Bibliographic Details
Author / Creator:	Stanley, Leonardo E.
Imprint:	London : ANTHEM Press, 2017.
Description:	1 online resource (xiv, 244 pages)
Language:	English
Series:	Anthem frontiers of global political economy
Subject:	Finance -- Developing countries -- Case studies. Capital movements -- Developing countries -- Case studies. Investments, Foreign -- Developing countries -- Case studies. Capital movements. Finance. Investments, Foreign. Developing countries. Case studies.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/11705491

Hidden Bibliographic Details
ISBN:	9781783086757 1783086750 9781783086740 1783086742 9781783086764 1783086769
Notes:	English.
Summary:	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
Other form:	Print version: 1783086742 9781783086740

Table of Contents:

Preface; Acknowledgements; Chapter 1: Introduction; Chapter 2: International capital flows and macroeconomic dilemmas; Chapter 3: Unfettered finance and the persistence of instability; Chapter 4: Financial Globalization, Institutions and Growth; Chapter 5: Argentina; Chapter 6: Brazil; Chapter 7: China; Chapter 8: India; Chapter 9: Korea; Chapter 10: Final Remarks on Financial Globalization and Local Insertion; References; Index.