Emerging Market Economies and Financial Globalization

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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Kaituhi matua: Stanley, Leonardo
Hōputu: Online
Reo:Ingarihi
I whakaputaina: Anthem Press 2021
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Urunga tuihono:1000373
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author Stanley, Leonardo
author_browse Stanley, Leonardo
author_facet Stanley, Leonardo
author_sort Stanley, Leonardo
collection Directory of Open Access Books
description 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
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spelling doab-20.500.12854ir-312132025-07-30T19:24:46Z Emerging Market Economies and Financial Globalization Stanley, Leonardo Economics Brazil China Exchange rate Financial crisis of 2007–08 Renminbi thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCL International economics 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 2021-02-10T12:58:18Z 2018-08-23 23:55 2020-03-16 03:00:26 2020-04-01T12:32:15Z 2017-04-30 book 1000373 OCN: 1027760964 http://library.oapen.org/handle/20.500.12657/29560 9781783086740 https://directory.doabooks.org/handle/20.500.12854/31213 eng open access image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg n/a n/a n/a n/a n/a n/a n/a https://library.oapen.org/bitstream/20.500.12657/29560/1/1000373.pdf https://library.oapen.org/bitstream/20.500.12657/29560/1/1000373.pdf https://library.oapen.org/bitstream/20.500.12657/29560/1/1000373.pdf https://library.oapen.org/bitstream/20.500.12657/29560/1/1000373.pdf https://library.oapen.org/bitstream/20.500.12657/29560/1/1000373.pdf https://library.oapen.org/bitstream/20.500.12657/29560/1/1000373.pdf https://library.oapen.org/bitstream/20.500.12657/29560/1/1000373.pdf Anthem Press 10.2307/j.ctt216683k 10.2307/j.ctt216683k 59273844-64fe-49c8-95f1-50c944bee7e9 Knowledge Unlatched b818ba9d-2dd9-4fd7-a364-7f305aef7ee9 9781783086740 Knowledge Unlatched (KU) KU Select 2016 Front List Collection 100710 KU Select 2016 Front List Collection open access
spellingShingle Economics
Brazil
China
Exchange rate
Financial crisis of 2007–08
Renminbi
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCL International economics
Stanley, Leonardo
Emerging Market Economies and Financial Globalization
title Emerging Market Economies and Financial Globalization
title_full Emerging Market Economies and Financial Globalization
title_fullStr Emerging Market Economies and Financial Globalization
title_full_unstemmed Emerging Market Economies and Financial Globalization
title_short Emerging Market Economies and Financial Globalization
title_sort emerging market economies and financial globalization
topic Economics
Brazil
China
Exchange rate
Financial crisis of 2007–08
Renminbi
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCL International economics
topic_facet Economics
Brazil
China
Exchange rate
Financial crisis of 2007–08
Renminbi
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCL International economics
url 1000373
work_keys_str_mv AT stanleyleonardo emergingmarketeconomiesandfinancialglobalization