Global finance in emerging market economies:
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
London [u.a.]
Routledge
2013
|
| Edition: | 1. publ. |
| Series: | Routledge international studies in money an banking
77 |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Item Description: | Includes bibliographical references and index |
| Physical Description: | XXV, 302 S. graph. Darst. |
| ISBN: | 9780415501217 9780203068229 |
Staff View
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| 100 | 1 | |a Knoop, Todd A. |e Verfasser |0 (DE-588)13304811X |4 aut | |
| 245 | 1 | 0 | |a Global finance in emerging market economies |c Todd A. Knoop |
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| 264 | 1 | |a London [u.a.] |b Routledge |c 2013 | |
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| 490 | 1 | |a Routledge international studies in money an banking |v 77 | |
| 500 | |a Includes bibliographical references and index | ||
| 650 | 4 | |a Bank | |
| 650 | 4 | |a Entwicklungsländer | |
| 650 | 4 | |a Wirtschaftsentwicklung | |
| 650 | 4 | |a Finance |z Developing countries | |
| 650 | 4 | |a Banks and banking |z Developing countries | |
| 650 | 4 | |a Investments, Foreign |z Developing countries | |
| 650 | 4 | |a Economic development |z Developing countries | |
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Record in the Search Index
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| adam_text | IMAGE 1
CONTENTS
LIST OF FIGURES XIII
LIST OF TABLES XIV
PREFACE XV
ACKNOWLEDGMENTS , XXVI
PARTI THE IMPORTANCE OF FINANCE IN EMERGING MARKET ECONOMIES 1
1 FINANCE AND DEVELOPMENT 3
INTRODUCTION 3 WHAT IS FINANCE AND WHY IS IT IMPORTANT TO ECONOMIC
GROWTH? 5 THE EMPIRICAL EVIDENCE ON THE RELATIONSHIP BETWEEN FINANCIAL
AND ECONOMIC DEVELOPMENT 8 FORMS OF FINANCIAL INTERMEDIATION IN
FINANCIAL SYSTEMS 11 A BRIEF LOOK AT FINANCIAL DEVELOPMENT AND FINANCIAL
STRUCTURE IN
EMERGING ECONOMIES 14 REMITTANCES TO EMERGING MARKET ECONOMIES 19
CONCLUSIONS 21
2 INFORMATION AND FINANCE 22
INTRODUCTION 22 ASYMMETRIC INFORMATION, ADVERSE SELECTION, AND MORAL
HAZARD 22 DEALING WITH INFORMATION PROBLEMS AND RISK 24 THE EXTERNAL
FINANCE PREMIUM AND CREDIT RATIONING 28
MACROECONOMIC VOLATILITY AND CREDIT RATIONING IN EMERGING ECONOMIES 32
THE MICROFINANCE REVOLUTION 34 INFORMATION TECHNOLOGY AND MICROFINANCE
IN EMERGING
ECONOMIES 39 CONCLUSIONS 41
IMAGE 2
X CONTENTS
PART II DOMESTIC FINANCE AND POLICIES IN EMERGING MARKETS 43
3 INSTITUTIONS AND FINANCIAL SYSTEMS 45
INTRODUCTION 45 THE DETERMINANTS OF INSTITUTIONS 46 EMPIRICAL EVIDENCE
ON INSTITUTIONS 50 DO CULTURE AND BELIEFS PLAY A ROLE IN CREATING STRONG
INSTITUTIONS? 52 FINANCIAL REPRESSION 54 COMPARING THE INSTITUTIONS OF
CHINA AND INDIA 60 CONCLUSIONS 65
4 FISCAL POLICY AND SOVEREIGN DEBT 67
INTRODUCTION 67 THE GOVERNMENT BUDGET CONSTRAINT 68 THE DETERMINANTS OF
SOVEREIGN BORROWING AND DEBT CRISES 70 SOVEREIGN RISK PREMIUMS AND DEBT
RELIEF 73 INFLATION AND CENTRAL BANK INDEPENDENCE 75
DOLLARIZATION 77 THE LATIN AMERICAN DEBT CRISIS OF THE 1980S 78
CONCLUSIONS 81
5 ASSET BUBBLES AND BANKING CRISES 83
INTRODUCTION 83 THE CAUSES AND CONSEQUENCES OF ASSET BUBBLES 84 IS THERE
A HOUSING BUBBLE IN CHINA? 87 THE CAUSES AND CONSEQUENCES OF BANKING
CRISES 88
EMPIRICAL EVIDENCE ON BANKING CRISES 93 THE MEXICAN TEQUILA CRISIS OF
1994 95 CONCLUSIONS 99
PART III INTERNATIONAL FINANCE IN EMERGING MARKETS 101
6 FINANCIAL LIBERALIZATION AND CAPITAL FLOWS 103
INTRODUCTION 103 THE DETERMINANTS OF CAPITAL INFLOWS AND OUTFLOWS 105
THE BENEFITS OF CAPITAL ACCOUNT LIBERALIZATION, THE ARGUMENTS FOR
CAPITAL CONTROLS 108 SEQUENCING FINANCIAL LIBERALIZATION 110
IMAGE 3
CONTENTS XI
EMPIRICAL EVIDENCE ON THE IMPACT OF CAPITAL ACCOUNT LIBERALIZATION ON
GROWTH 112 CAPITAL FLOWS IN ASIA AND AFRICA 114 CONCLUSIONS 117
7 MONETARY POLICY AND EXCHANGE RATE MANAGEMENT 119
INTRODUCTION 119 THE OBJECTIVES OF MONETARY POLICY 120 THE EXCHANGE RATE
POLICY TRILEMMA 122 THE TRADEOFFS BETWEEN FIXED AND FLOATING EXCHANGE
RATE STRATEGIES 124
INTERMEDIATE EXCHANGE RATE REGIMES AND INFLATION TARGETING 129
ARGENTINA S CURRENCY BOARD AND THE CRISIS OF 2001 133 CONCLUSIONS 136
8 INTERNATIONAL FINANCIAL CRISES: CURRENCY AND TWIN CRISES 138
INTRODUCTION 138 BALANCE OF PAYMENTS AND THE CAUSES OF EXCHANGE RATE
MISALIGNMENT 139
CURRENCY CRISES AND CONTAGION 141 TWIN CRISES 145 THE EAST ASIAN TWIN
CRISES OF 1997-1999 148 INTERNATIONAL RESERVE ACCUMULATION AND
UNDERVALUED EXCHANGE
RATES 153 THE ROLE OF THE IMF IN FINANCIAL CRISES 157 CONCLUSIONS 161
PART IV DESCRIBING FINANCIAL SYSTEMS IN EMERGING REGIONS OF THE WORLD
163
9 FINANCIAL SYSTEMS IN SUB-SAHARAN AFRICA 165
OVERVIEW 165 FINANCIAL LIBERALIZATION AND INNOVATION IN SUB-SAHARAN
AFRICA 173
CENTRAL BANKING IN SUB-SAHARAN AFRICA 175 FINANCIAL DEVELOPMENT IN
NIGERIA 178 FINANCIAL SUCCESS: BOTSWANA 180
FINANCIAL DISASTER: DEMOCRATIC REPUBLIC OF CONGO 182 THE IMPACT OF THE
2007 GLOBAL FINANCIAL CRISIS ON SUB-SAHARAN AFRICA 184 CONCLUSIONS 186
IMAGE 4
XII CONTENTS
10 FINANCIAL SYSTEMS IN THE MIDDLE EAST AND NORTH AFRICA 187 OVERVIEW
187 FINANCIAL DEVELOPMENT IN EGYPT 193 ISLAMIC FINANCE 196 FINANCIAL
DISASTER: IRAN 199
THE UNITED ARAB EMIRATES AND THE RISE OF SOVEREIGN WEALTH FUNDS 201
CONCLUSIONS 206
11 FINANCIAL SYSTEMS IN ASIA 207
OVERVIEW 207 INTERNATIONAL CAPITAL FLOWS AND MONETARY POLICY 212 THE
FINANCIAL SYSTEM OF CHINA 214 THE FINANCIAL SYSTEM OF INDIA IN
COMPARISON WITH CHINA 223 SOUTH EAST ASIA AND THE AFTERMATH OF THE EAST
ASIAN CRISIS IN
INDONESIA AND MALAYSIA 227 CONCLUSIONS 232
12 FINANCIAL SYSTEMS IN LATIN AMERICA 233
OVERVIEW 233 OFFSHORE FINANCIAL CENTERS IN THE CARIBBEAN 240 FINANCIAL
DEVELOPMENT IN BRAZIL AND MEXICO 241 REMITTANCES TO LATIN AMERICA 245
FINANCIAL DISASTER: ARGENTINA 246 DOLLARIZATION IN LATIN AMERICA 249
CONCLUSIONS 251
PART V CONCLUSIONS 253
13 TEN TAKEAWAYS FOR UNDERSTANDING FINANCE IN EMERGING MARKET ECONOMIES
255
NOTES 262
BIBLIOGRAPHY 277
INDEX 295
|
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| indexdate | 2024-07-10T00:23:08Z |
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| language | English |
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| physical | XXV, 302 S. graph. Darst. |
| publishDate | 2013 |
| publishDateSearch | 2013 |
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| publisher | Routledge |
| record_format | marc |
| series | Routledge international studies in money an banking |
| series2 | Routledge international studies in money an banking |
| spelling | Knoop, Todd A. Verfasser (DE-588)13304811X aut Global finance in emerging market economies Todd A. Knoop 1. publ. London [u.a.] Routledge 2013 XXV, 302 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Routledge international studies in money an banking 77 Includes bibliographical references and index Bank Entwicklungsländer Wirtschaftsentwicklung Finance Developing countries Banks and banking Developing countries Investments, Foreign Developing countries Economic development Developing countries Globalisierung (DE-588)4557997-0 gnd rswk-swf Emerging Market (DE-588)4398432-0 gnd rswk-swf Kreditmarkt (DE-588)4073788-3 gnd rswk-swf Kreditmarkt (DE-588)4073788-3 s Globalisierung (DE-588)4557997-0 s Emerging Market (DE-588)4398432-0 s DE-604 Routledge international studies in money an banking 77 (DE-604)BV010787858 77 SWB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=025248967&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Knoop, Todd A. Global finance in emerging market economies Routledge international studies in money an banking Bank Entwicklungsländer Wirtschaftsentwicklung Finance Developing countries Banks and banking Developing countries Investments, Foreign Developing countries Economic development Developing countries Globalisierung (DE-588)4557997-0 gnd Emerging Market (DE-588)4398432-0 gnd Kreditmarkt (DE-588)4073788-3 gnd |
| subject_GND | (DE-588)4557997-0 (DE-588)4398432-0 (DE-588)4073788-3 |
| title | Global finance in emerging market economies |
| title_auth | Global finance in emerging market economies |
| title_exact_search | Global finance in emerging market economies |
| title_full | Global finance in emerging market economies Todd A. Knoop |
| title_fullStr | Global finance in emerging market economies Todd A. Knoop |
| title_full_unstemmed | Global finance in emerging market economies Todd A. Knoop |
| title_short | Global finance in emerging market economies |
| title_sort | global finance in emerging market economies |
| topic | Bank Entwicklungsländer Wirtschaftsentwicklung Finance Developing countries Banks and banking Developing countries Investments, Foreign Developing countries Economic development Developing countries Globalisierung (DE-588)4557997-0 gnd Emerging Market (DE-588)4398432-0 gnd Kreditmarkt (DE-588)4073788-3 gnd |
| topic_facet | Bank Entwicklungsländer Wirtschaftsentwicklung Finance Developing countries Banks and banking Developing countries Investments, Foreign Developing countries Economic development Developing countries Globalisierung Emerging Market Kreditmarkt |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=025248967&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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