Emerging market economies and financial globalization :
Stanley, Leonardo E.
Emerging market economies and financial globalization : Argentina, Brazil, China, India and South Korea / Leonardo E. Stanley. - London ; New York, N.Y. : Anthem Press, an imprint of Wimbledon Publishing, c2018 - 1 recurso en línea (259 p.) - Anthem frontiers of global political economy .
Bibliografía: p. 219-234.
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.
FINANZAS INTERNACIONALES
INVERSIONES EXTRANJERAS
MOVIMIENTO INTERNACIONAL DE CAPITALES
ANALISIS COMPARATIVO
ARGENTINA
BRASIL
CHINA
INDIA
COREA R
FLUJO DE CAPITALES ESTUDIO COMPARATIVO COREA DEL SUR
332.673
Emerging market economies and financial globalization : Argentina, Brazil, China, India and South Korea / Leonardo E. Stanley. - London ; New York, N.Y. : Anthem Press, an imprint of Wimbledon Publishing, c2018 - 1 recurso en línea (259 p.) - Anthem frontiers of global political economy .
Bibliografía: p. 219-234.
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.
FINANZAS INTERNACIONALES
INVERSIONES EXTRANJERAS
MOVIMIENTO INTERNACIONAL DE CAPITALES
ANALISIS COMPARATIVO
ARGENTINA
BRASIL
CHINA
INDIA
COREA R
FLUJO DE CAPITALES ESTUDIO COMPARATIVO COREA DEL SUR
332.673