Emerging market economies and financial globalization: Argentina, Brazil, China, India and South Korea
"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 situ...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
London
Anthem Press, an imprint of Wimbledon Publishing
2018
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| Schlagworte: | |
| Zusammenfassung: | "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. "-- |
| Beschreibung: | xii, 243 Seiten 24 cm |
| ISBN: | 9781783086740 1783086742 |
Internformat
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| 100 | 1 | |a Stanley, Leonardo |d 1963- |e Verfasser |0 (DE-588)1163628026 |4 aut | |
| 245 | 1 | 0 | |a Emerging market economies and financial globalization |b Argentina, Brazil, China, India and South Korea |c Leonardo E. Stanley |
| 264 | 1 | |a London |b Anthem Press, an imprint of Wimbledon Publishing |c 2018 | |
| 300 | |a xii, 243 Seiten |c 24 cm | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 505 | 8 | |a 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 | |
| 520 | |a "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. "-- | ||
| 650 | 4 | |a Finance / Developing countries / Case studies | |
| 650 | 4 | |a Capital movements / Developing countries / Case studies | |
| 650 | 4 | |a Investments, Foreign / Developing countries / Case studies | |
| 650 | 7 | |a POLITICAL SCIENCE / Economic Conditions |2 bisacsh | |
| 650 | 7 | |a BUSINESS & ECONOMICS / Economics / Comparative |2 bisacsh | |
| 650 | 7 | |a BUSINESS & ECONOMICS / International / Economics |2 bisacsh | |
| 650 | 7 | |a Capital movements |2 fast | |
| 650 | 7 | |a Finance |2 fast | |
| 650 | 7 | |a Investments, Foreign |2 fast | |
| 651 | 7 | |a Developing countries |2 fast | |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-030521605 | ||
Datensatz im Suchindex
| _version_ | 1804178791380025344 |
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| any_adam_object | |
| author | Stanley, Leonardo 1963- |
| author_GND | (DE-588)1163628026 |
| author_facet | Stanley, Leonardo 1963- |
| author_role | aut |
| author_sort | Stanley, Leonardo 1963- |
| author_variant | l s ls |
| building | Verbundindex |
| bvnumber | BV045131610 |
| classification_rvk | QG 020 |
| 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 |
| ctrlnum | (OCoLC)1051251627 (DE-599)BVBBV045131610 |
| discipline | Wirtschaftswissenschaften |
| format | Book |
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| geographic_facet | Developing countries |
| id | DE-604.BV045131610 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T08:09:35Z |
| institution | BVB |
| isbn | 9781783086740 1783086742 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-030521605 |
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| owner_facet | DE-188 |
| physical | xii, 243 Seiten 24 cm |
| publishDate | 2018 |
| publishDateSearch | 2018 |
| publishDateSort | 2018 |
| publisher | Anthem Press, an imprint of Wimbledon Publishing |
| record_format | marc |
| spelling | Stanley, Leonardo 1963- Verfasser (DE-588)1163628026 aut Emerging market economies and financial globalization Argentina, Brazil, China, India and South Korea Leonardo E. Stanley London Anthem Press, an imprint of Wimbledon Publishing 2018 xii, 243 Seiten 24 cm txt rdacontent n rdamedia nc rdacarrier 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 "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. "-- Finance / Developing countries / Case studies Capital movements / Developing countries / Case studies Investments, Foreign / Developing countries / Case studies POLITICAL SCIENCE / Economic Conditions bisacsh BUSINESS & ECONOMICS / Economics / Comparative bisacsh BUSINESS & ECONOMICS / International / Economics bisacsh Capital movements fast Finance fast Investments, Foreign fast Developing countries fast |
| spellingShingle | Stanley, Leonardo 1963- Emerging market economies and financial globalization Argentina, Brazil, China, India and South Korea 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 Finance / Developing countries / Case studies Capital movements / Developing countries / Case studies Investments, Foreign / Developing countries / Case studies POLITICAL SCIENCE / Economic Conditions bisacsh BUSINESS & ECONOMICS / Economics / Comparative bisacsh BUSINESS & ECONOMICS / International / Economics bisacsh Capital movements fast Finance fast Investments, Foreign fast |
| title | Emerging market economies and financial globalization Argentina, Brazil, China, India and South Korea |
| title_auth | Emerging market economies and financial globalization Argentina, Brazil, China, India and South Korea |
| title_exact_search | Emerging market economies and financial globalization Argentina, Brazil, China, India and South Korea |
| title_full | Emerging market economies and financial globalization Argentina, Brazil, China, India and South Korea Leonardo E. Stanley |
| title_fullStr | Emerging market economies and financial globalization Argentina, Brazil, China, India and South Korea Leonardo E. Stanley |
| title_full_unstemmed | Emerging market economies and financial globalization Argentina, Brazil, China, India and South Korea Leonardo E. Stanley |
| title_short | Emerging market economies and financial globalization |
| title_sort | emerging market economies and financial globalization argentina brazil china india and south korea |
| title_sub | Argentina, Brazil, China, India and South Korea |
| topic | Finance / Developing countries / Case studies Capital movements / Developing countries / Case studies Investments, Foreign / Developing countries / Case studies POLITICAL SCIENCE / Economic Conditions bisacsh BUSINESS & ECONOMICS / Economics / Comparative bisacsh BUSINESS & ECONOMICS / International / Economics bisacsh Capital movements fast Finance fast Investments, Foreign fast |
| topic_facet | Finance / Developing countries / Case studies Capital movements / Developing countries / Case studies Investments, Foreign / Developing countries / Case studies POLITICAL SCIENCE / Economic Conditions BUSINESS & ECONOMICS / Economics / Comparative BUSINESS & ECONOMICS / International / Economics Capital movements Finance Investments, Foreign Developing countries |
| work_keys_str_mv | AT stanleyleonardo emergingmarketeconomiesandfinancialglobalizationargentinabrazilchinaindiaandsouthkorea |