The Evidence and Impact of Financial Globalization

The Evidence and Impact of Financial Globalization PDF Author:
Publisher: Academic Press
ISBN: 012405899X
Category : Business & Economics
Languages : en
Pages : 807

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Book Description
The sharp realities of financial globalization become clear during crises, when winners and losers emerge. Crises usher in short- and long-term changes to the status quo, and everyone agrees that learning from crises is a top priority. The Evidence and Impact of Financial Globalization devotes separate articles to specific crises, the conditions that cause them, and the longstanding arrangements devised to address them. While other books and journal articles treat these subjects in isolation, this volume presents a wide-ranging, consistent, yet varied specificity. Substantial, authoritative, and useful, these articles provide material unavailable elsewhere. - Substantial articles by top scholars sets this volume apart from other information sources - Rapidly developing subjects will interest readers well into the future - Reader demand and lack of competitors underline the high value of these reference works

The Evidence and Impact of Financial Globalization

The Evidence and Impact of Financial Globalization PDF Author:
Publisher: Academic Press
ISBN: 012405899X
Category : Business & Economics
Languages : en
Pages : 807

Get Book Here

Book Description
The sharp realities of financial globalization become clear during crises, when winners and losers emerge. Crises usher in short- and long-term changes to the status quo, and everyone agrees that learning from crises is a top priority. The Evidence and Impact of Financial Globalization devotes separate articles to specific crises, the conditions that cause them, and the longstanding arrangements devised to address them. While other books and journal articles treat these subjects in isolation, this volume presents a wide-ranging, consistent, yet varied specificity. Substantial, authoritative, and useful, these articles provide material unavailable elsewhere. - Substantial articles by top scholars sets this volume apart from other information sources - Rapidly developing subjects will interest readers well into the future - Reader demand and lack of competitors underline the high value of these reference works

Crisis in the Global Economy

Crisis in the Global Economy PDF Author: Andrea Fumagalli
Publisher: Semiotext(e) / Active Agents
ISBN:
Category : Business & Economics
Languages : en
Pages : 312

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Book Description
'Crisis in the Global Economy' reflects on the state of global capitalism, developed in the mobile 'multiversity' of the UniNomade network of international researchers and activists during the months immediately following the first signals of the current financial and economic crisis.

Effects of Financial Globalization on Developing Countries

Effects of Financial Globalization on Developing Countries PDF Author: Mr.Ayhan Kose
Publisher: International Monetary Fund
ISBN: 9781589062214
Category : Business & Economics
Languages : en
Pages : 68

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Book Description
This study provides a candid, systematic, and critical review of recent evidence on this complex subject. Based on a review of the literature and some new empirical evidence, it finds that (1) in spite of an apparently strong theoretical presumption, it is difficult to detect a strong and robust causal relationship between financial integration and economic growth; (2) contrary to theoretical predictions, financial integration appears to be associated with increases in consumption volatility (both in absolute terms and relative to income volatility) in many developing countries; and (3) there appear to be threshold effects in both of these relationships, which may be related to absorptive capacity. Some recent evidence suggests that sound macroeconomic frameworks and, in particular, good governance are both quantitatively and qualitatively important in affecting developing countries’ experiences with financial globalization.

Financial Crises in Emerging Markets

Financial Crises in Emerging Markets PDF Author: Alexandre Lamfalussy
Publisher: Yale University Press
ISBN: 9780300082302
Category : Business & Economics
Languages : en
Pages : 232

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Book Description
In this text an international banking expert grapples with issues that surround the trend toward financial globalization and its potential impact on financial fragility. He analyzes four major crisis experiences: Latin America, 1982-3; Mexico, 1994-5; East Asia, 1997-8; and Russia since 1998.

The IMF and Global Financial Crises

The IMF and Global Financial Crises PDF Author: Joseph P. Joyce
Publisher: Cambridge University Press
ISBN: 0521874173
Category : Business & Economics
Languages : en
Pages : 263

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Book Description
Joyce traces the IMF's actions to promote international financial stability from the Bretton Woods era through the recent recession.

Financial Globalization and the Emerging Economies

Financial Globalization and the Emerging Economies PDF Author: United Nations. Economic Commission for Latin America and the Caribbean
Publisher: United Nations Publications
ISBN:
Category : Business & Economics
Languages : en
Pages : 354

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Book Description
Financial globalisation has been a dynamic element in recent years, with large capital flows to a number of emerging economies in Latin America and Asia often being followed by financial crises.

From Asian to Global Financial Crisis

From Asian to Global Financial Crisis PDF Author: Andrew Sheng
Publisher: Cambridge University Press
ISBN: 0521118646
Category : Business & Economics
Languages : en
Pages : 505

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Book Description
This is a unique insider account of the new world of unfettered finance. The author, an Asian regulator, examines how old mindsets, market fundamentalism, loose monetary policy, carry trade, lax supervision, greed, cronyism, and financial engineering caused both the Asian crisis of the late 1990s and the current global crisis of 2008-2009. This book shows how the Japanese zero interest rate policy to fight deflation helped create the carry trade that generated bubbles in Asia whose effects brought Asian economies down. The study's main purpose is to demonstrate that global finance is so interlinked and interactive that our current tools and institutional structure to deal with critical episodes are completely outdated. The book explains how current financial policies and regulation failed to deal with a global bubble and makes recommendations on what must change.

Globalization at Risk

Globalization at Risk PDF Author: Gary Clyde Hufbauer
Publisher: Yale University Press
ISBN: 0300157312
Category : Business & Economics
Languages : en
Pages : 234

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Book Description
History has declared globalization the winner of the 20th century. Globalization connected the world and created wealth unimaginable in the wake of the Second World War. But the financial crisis of 2008-09 has now placed at risk the liberal economic policies behind globalization. Engulfing the entire world, the crisis gave new fuel to the skeptics of the benefits of economic integration. Policy responses seem to favor anti-globalizers. New regulations could balkanize the global financial system, while widespread protectionist impulses might undo the Doha Round. Issues from climate change to national security may be used as convenient excuses to keep imports out, keep jobs at home, and to clamp down on global capital. Will globalization triumph or perish in the 21st century? What reforms make sense in the post-crisis world?International economists Gary Clyde Hufbauer and Kati Suominen argue that globalization has been a force of great good, one that needs to be actively advanced and honed. Drawing on the latest economic analyses, they reveal the drivers and effects of global finance and trade, lay out the key risks to globalization, and offer a practical policy roadmap for managing the challenges while increasing the gains. Vital reading for anyone in business, finance, foreign affairs, or economics, Globalization at Risk is sure to advance public debate on this defining issue of the 21st century.

OECD Insights Economic Globalisation Origins and consequences

OECD Insights Economic Globalisation Origins and consequences PDF Author: Huwart Jean-Yves
Publisher: OECD Publishing
ISBN: 9264111905
Category :
Languages : en
Pages : 157

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Book Description
This publication reviews the major turning points in the history of economic integration, and in particular the pace at which it has accelerated since the 1990s. It also considers its impact in four crucial areas, namely employment, development, the environment and financial stability.

How Latin America Weathered The Global Financial Crisis

How Latin America Weathered The Global Financial Crisis PDF Author: José De Gregorio
Publisher: Columbia University Press
ISBN: 0881326798
Category : Business & Economics
Languages : en
Pages : 205

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Book Description
Why has the economy of Latin America responded more positively than Asia, Europe or the United States after being hit by the recent global financial crisis? Three years after the worst of the crisis, Latin America's GDP is 25 percent higher than its precrisis level. José De Gregorio, Governor of the Central Bank of Chile from 2007 to 2011, tells the story of how Latin America has responded to the crisis with a perspective that only an insider can have. De Gregorio focuses on the seven largest economies of the region, Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Venezuela (90 percent of the region's output). He argues that Latin America was resilient because of good macroeconomic policies, strong financial systems, and "a bit of luck."