The impact of the global financial crisis on emerging financial markets /

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Bibliographic Details
Edition:1st ed.
Imprint:Bingley, U.K. : Emerald, 2011.
Description:xii, 732 p. : ill. ; 24 cm.
Language:English
Series:Contemporary studies in economic and financial analysis, 1569-3759 ; vol. 93
Contemporary studies in economic and financial analysis ; v. 93.
Subject:
Format: Print Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/8401686
Hidden Bibliographic Details
Other authors / contributors:Batten, Jonathan.
Szilagyi, Peter G., 1976-
ISBN:9780857247537
0857247530
Notes:Includes bibliographical references.
Summary:"The Global Financial Crisis of 2007-2009 has highlighted the resilience of the financial markets and broader economies from the developing world. This outcome owes much to the bitter experience and economic strategies developed and implemented at both a national and international level following the Asian Financial Crisis of 1997-1998. The objective of this volume is to investigate and assess the impact and response to the crisis from an emerging markets perspective including asset pricing, contagion, financial intermediation, market structure and regulation. Our hope is that the assembled papers will offer clear insights into the complex financial arrangements that now link emerging and developed financial markets in the current economic environment. The volume spans four dimensions: first, a series of background studies offer explanations of the causes and impacts of the crisis on emerging markets more generally; then, implications are considered. The third and final sections provide insights from regional and country-specific perspectives."--
Table of Contents:
  • List of Contributors
  • Part I. An Overview of the Financial Crisis and Its Impact on Emerging Markets
  • The Impact of the Global Financial Crisis on Emerging Financial Markets: An Introduction
  • The Global Financial Crisis: Explanations and Implications
  • The Causes of the Global Financial Crisis: With Emphasis on Capital Adequacy and Pro-Cyclicality
  • The Impact of the Global Financial Crisis on Emerging and Newly Industrialized Asia: Capital Flows, Financial Markets and Economic Activity
  • Sailing Out of Crisis Emerging Markets Style: Blending Fiscal-Monetary Rules, Nominal Targets and Debt Dynamics in Some Transition Economies
  • Part II. Policy Implications of the Financial Crisis for Emerging Markets
  • Bargaining Game and LCDs' Commercial Bank Debt Restructuring Outcomes
  • Has International Financial Co-Movement Changed? Emerging Markets in the 2007-2009 Financial Crisis
  • Financial Sector Surveillance and the IMF
  • What Can The East and Northeast Asian Communities Learn From The Eu?
  • Part III. Regional Studies
  • Has the International Banking and Financial Crisis Damaged Emerging Market MNCs?
  • Changing Central Bank Transparency in Central and Eastern Europe During the Financial Crisis
  • Return Seasonality in Emerging Markets: Evidence from Latin America
  • How Long Memory in Volatility Affects Market Risk Estimation: Evidence from Emerging Stock Markets
  • Dependence and Return Distributions During Crises: Evidence from Emerging Asian Economies
  • Elasticities of Stock Prices in Emerging Markets: A Panel Data Approach
  • Financial Crises Propagation: A Comparison of the Russian and Turkish Crises
  • Financial Crises and Structural Breaks in Autocorrelation on the BRIC's Stock Markets
  • Part IV. Emerging Market Country Studies
  • Macroeconomic Dynamics and the Term Structure of Interest Rates in Emerging Markets: The Case of Brazil
  • Subprime Crisis and Its Impact on the Brazilian Mutual Fund Industry
  • Determining the RMB Exchange Regime
  • Grass-Root Stock Market Investment and Long-Term Commonality in Liquidity: Evidence from the Shanghai Stock Exchange
  • Properties of Realized Correlation: Evidence from the Greek Equity Market
  • Pricing the Currency Premium Under Flexible Exchange Rates: Evidence From South Africa
  • Determinants of Foreign Direct Investment in Thailand
  • A Comparison of Financial Robustness in the United States and Turkey During 2007-2010