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Emerging markets 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 situation...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Stanley, Leonardo E.
Formato: Electrónico eBook
Idioma:Inglés
Publicado: London : ANTHEM Press, 2017.
Colección:Anthem frontiers of global political economy
Temas:
Acceso en línea:Texto completo
Descripción
Sumario: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
Descripción Física:1 online resource (xiv, 244 pages)
ISBN:9781783086757
1783086750
9781783086740
1783086742
9781783086764
1783086769