Emerging Market Economies and Financial Globalization Argentina, Brazil, China, India and South Korea

Mostrar todas las versiones(2)

Fil: Stanley, Leonardo. CEDES. Centro de Estudio de Estado y Sociedad. Área Economía; Argentina

Guardado en:
Detalles Bibliográficos
Autor principal: Stanley, Leonardo
Formato: publishedVersion https://creativecommons.org/licenses/by-nc-nd/4.0/ Libro
Lenguaje:Inglés
Publicado: Anthem Press 2021
Materias:
Economía
Argentina
Brasil
India
Corea del Sur
Acceso en línea:https://anthempress.com/emerging-market-economies-and-financial-globalization-hb
http://repositorio.cedes.org/handle/123456789/4600
Aporte de:
Respositorio Digital CRIS del CEDES - Centro de Estudios de Estado y Sociedad de Centro de Estudios de Estado y Sociedad (CEDES)
id I61-R167-123456789-4600
record_format dspace
spelling I61-R167-123456789-46002024-09-29T23:02:54Z Emerging Market Economies and Financial Globalization Argentina, Brazil, China, India and South Korea Stanley, Leonardo Economía Argentina Brasil India Corea del Sur Fil: Stanley, Leonardo. CEDES. Centro de Estudio de Estado y Sociedad. Área Economía; Argentina Emerging Market Economies and Financial Globalization” offers a comparative analysis of the capital account liberalization process and the variety of policy responses generated among a reduced group of Latin American and Asian countries. In particular, the book critically examines these varied responses from a three-fold perspective: macro, micro-financial and institutional. From a macro perspective, the book compares exchange rate regimes, monetary policies and capital account liberalization paths adopted at each of the selected countries. In other words, the book analyzes how emerging economies confronted the challenge imposed by the monetary trilemma posed by Mundell. The book analyzes different corner solutions (for example, exchange rate pegging) and whether there is life inside the triangle. The Asian financial crises have certainly induced a debate on the benefits of foreign exchange reserve accumulation and the increasing policy space generated since then. But emerging countries policy-makers realized the perils of sailing in uncharted waters and, consequently, began to introduce a series of instruments to prevent sudden reversals in capital flows. The micro-financial perspective, in turn, directs our attention to the financial sector structure, how the process of financial deepening transformed it in recent years and how local authorities responded to the increasing pressures generated by an increasingly globally connected banking sector. But cross-funding, local regulation and financial stability are certainly difficult to match, even at developed countries as the European crisis demonstrates. This triplet conforms the so-called financial trilemma introduced by Schoenmaker, and analyzed in the book—particularly observing how selected countries performed it. Finally, the institutional perspective center on the legal treatment granted to the capital account openness process—both at the multilateral and bilateral levels. From a policy perspective the interrelationship between open macro, international financial markets and institutions has been often neglected but hardly significant with sovereigns founding periodically challenged by legal constraints. The founding fathers of Bretton Woods institutions shared a common vision: avoid large imbalances created by international capital flows. Coincidences, however, vanished after the collapse of the Bretton Woods system. Thereafter leading countries’ claims for the opening of the capital accounts and financial liberalization became common parlance. Institutionally, these pressures were present at both multilateral and bilateral fore. 2021-02-17T03:10:45Z 2021-02-17T03:10:45Z 2018-03 info:eu-repo/semantics/publishedVersion https://creativecommons.org/licenses/by-nc-nd/4.0/ Libro info:ar-repo/semantics/libro Stanley, L. Emerging Market Economies and Financial Globalization Argentina, Brazil, China, India and South Korea. London: Anthem Press, 2018. (Anthem Frontiers of Global Political Economy and Development). Disponible en: http://repositorio.cedes.org/handle/123456789/4600. 9781783086740 https://anthempress.com/emerging-market-economies-and-financial-globalization-hb http://repositorio.cedes.org/handle/123456789/4600 eng Anthem Frontiers of Global Political Economy and Development Licencia Creative Commons Atribución-Sin Derivados 4.0 Internacional (CC BY-ND 4.0) info:eu-repo/semantics/openAccess Anthem Press
institution Centro de Estudios de Estado y Sociedad (CEDES)
institution_str I-61
repository_str R-167
collection Respositorio Digital CRIS del CEDES - Centro de Estudios de Estado y Sociedad
language Inglés
topic Economía
Argentina
Brasil
India
Corea del Sur
spellingShingle Economía
Argentina
Brasil
India
Corea del Sur
Stanley, Leonardo
Emerging Market Economies and Financial Globalization Argentina, Brazil, China, India and South Korea
topic_facet Economía
Argentina
Brasil
India
Corea del Sur
description Fil: Stanley, Leonardo. CEDES. Centro de Estudio de Estado y Sociedad. Área Economía; Argentina
format publishedVersion
https://creativecommons.org/licenses/by-nc-nd/4.0/
Libro
Libro
author Stanley, Leonardo
author_facet Stanley, Leonardo
author_sort Stanley, Leonardo
title Emerging Market Economies and Financial Globalization Argentina, Brazil, China, India and South Korea
title_short 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
title_fullStr Emerging Market Economies and Financial Globalization Argentina, Brazil, China, India and South Korea
title_full_unstemmed Emerging Market Economies and Financial Globalization Argentina, Brazil, China, India and South Korea
title_sort emerging market economies and financial globalization argentina, brazil, china, india and south korea
publisher Anthem Press
publishDate 2021
url https://anthempress.com/emerging-market-economies-and-financial-globalization-hb
http://repositorio.cedes.org/handle/123456789/4600
work_keys_str_mv AT stanleyleonardo emergingmarketeconomiesandfinancialglobalizationargentinabrazilchinaindiaandsouthkorea
_version_ 1823894910221156352

Ejemplares similares