Capital Movements and Corporate Dominance in Latin America

Capital Movements and Corporate Dominance in Latin America PDF Author: Noemi Levy-Orlik
Publisher: Edward Elgar Publishing
ISBN: 1800372140
Category : Business & Economics
Languages : en
Pages : 259

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Book Description
This book addresses the problems of Latin America, through two of the most important features of the post-Bretton Woods economic order, large corporations and weak financial markets. In turn, it shows that their impact on economic growth and development is feeble and short-lived. This resulted in income concentration and an extremely unequal distribution of wealth in the region.

Capital Movements and Corporate Dominance in Latin America

Capital Movements and Corporate Dominance in Latin America PDF Author: Noemi Levy-Orlik
Publisher: Edward Elgar Publishing
ISBN: 1800372140
Category : Business & Economics
Languages : en
Pages : 259

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Book Description
This book addresses the problems of Latin America, through two of the most important features of the post-Bretton Woods economic order, large corporations and weak financial markets. In turn, it shows that their impact on economic growth and development is feeble and short-lived. This resulted in income concentration and an extremely unequal distribution of wealth in the region.

Curbing the Boom-Bust Cycle: Stabilizing Capital Flows to Emerging Markets

Curbing the Boom-Bust Cycle: Stabilizing Capital Flows to Emerging Markets PDF Author: Williamson, John
Publisher: Peterson Institute
ISBN: 9780881325966
Category :
Languages : en
Pages : 160

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Book Description


Development Centre Studies Capital Flows and Investment Performance Lessons from Latin America

Development Centre Studies Capital Flows and Investment Performance Lessons from Latin America PDF Author: French-Davis Ricardo
Publisher: OECD Publishing
ISBN: 926416345X
Category :
Languages : en
Pages : 241

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Book Description
This book, the result of a joint project between the OECD Development Centre and the UN Economic Commission for Latin America and the Caribbean (ECLAC), examines the policies of a group of major Latin American countries faced with large inflows.

Emerging Capital Markets and Globalization

Emerging Capital Markets and Globalization PDF Author: Augusto de la Torre
Publisher: World Bank Publications
ISBN: 0821365444
Category : Business & Economics
Languages : en
Pages : 232

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Book Description
Back in the early 1990s, economists and policy makers had high expectations about the prospects for domestic capital market development in emerging economies, particularly in Latin America. Unfortunately, they are now faced with disheartening results. Stock and bond markets remain illiquid and segmented. Debt is concentrated at the short end of the maturity spectrum and denominated in foreign currency, exposing countries to maturity and currency risk. Capital markets in Latin America look particularly underdeveloped when considering the many efforts undertaken to improve the macroeconomic environment and to reform the institutions believed to foster capital market development. The disappointing performance has made conventional policy recommendations questionable, at best. 'Emerging Capital Markets and Globalization' analyzes where we stand and where we are heading on capital market development. First, it takes stock of the state and evolution of Latin American capital markets and related reforms over time and relative to other countries. Second, it analyzes the factors related to the development of capital markets, with particular interest on measuring the impact of reforms. And third, in light of this analysis, it discusses the prospects for capital market development in Latin America and emerging economies and the implications for the reform agenda.

Capital Flows and Financial Crises

Capital Flows and Financial Crises PDF Author: Miles Kahler
Publisher: Cornell University Press
ISBN: 1501731408
Category : Political Science
Languages : en
Pages : 284

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Book Description
Capital flows to the developing economies have long displayed a boom-and-bust pattern. Rarely has the cycle turned as abruptly as it did in the 1990s, however: surges in lending were followed by the Mexican peso crisis of 1994-95 and the sudden collapse of currencies in Asia in 1997. This volume maps a new and uncertain financial landscape, one in which volatile private capital flows and fragile banking systems produce sudden reversals of fortune for governments and economies. This environment creates dilemmas for both national policymakers who confront the "mixed blessing" of capital inflows and the international institutions that manage the recurrent crises.The authors—leading economists and political scientists—examine private capital flows and their consequences in Latin America, Pacific Asia, and East Europe, placing current cycles of lending in historical perspective. National governments have used a variety of strategies to deal with capital-account instability. The authors evaluate those responses, prescribe new alternatives, and consider whether the new circumstances require novel international policies.

Reforming Latin America's Economies

Reforming Latin America's Economies PDF Author: Ricardo Ffrench-Davis
Publisher: Springer
ISBN: 0230509908
Category : Business & Economics
Languages : en
Pages : 269

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Book Description
Provides a comprehensive analysis of why reforms in Latin America have failed in achieving growth and equity. The book focuses on three strategic areas of reforms of the Washington Consensus: Macroeconomics, Trade and Finance.

Black December

Black December PDF Author: Valeriano F. García
Publisher: World Bank Publications
ISBN: 9780821339602
Category : Business & Economics
Languages : en
Pages : 52

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Book Description
Recognizing that technological progress is a necessary ingredient of development, the World Bank has invested substantial resources in agricultural research and extension. This review is divided into two parts to examine Bank-supported projects that were operational in the 1980s and early 1990s. The first part focuses on agricultural extension, highlighting the extension subsector and an overview of Bank lending, the impact of extension investments, and regional performance. The second part looks at agricultural research. Chapters address investment issues, Bank lending, and portfolio performance and present conclusions and recommendations.

Global Capital Flows

Global Capital Flows PDF Author: Stephany Griffith-Jones
Publisher: Springer
ISBN: 1349269123
Category : Business & Economics
Languages : en
Pages : 225

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Book Description
The book examines the rapid growth and dramatic changes in capital flows globally and to emerging markets. In the context of relevant economic theory, it analyses benefits and costs of large and volatile capital flows to developing countries; the latter includes damaging currency crises as the Mexican and East Asian economies. The book makes innovative proposals on how best national governments - and especially - international organisations can avoid such crises.

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."

Capital Controls and Capital Flows in Emerging Economies

Capital Controls and Capital Flows in Emerging Economies PDF Author: Sebastian Edwards
Publisher: University of Chicago Press
ISBN: 0226184994
Category : Business & Economics
Languages : en
Pages : 699

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Book Description
Some scholars argue that the free movement of capital across borders enhances welfare; others claim it represents a clear peril, especially for emerging nations. In Capital Controls and Capital Flows in Emerging Economies, an esteemed group of contributors examines both the advantages and the pitfalls of restricting capital mobility in these emerging nations. In the aftermath of the East Asian currency crises of 1997, the authors consider mechanisms that eight countries have used to control capital inflows and evaluate their effectiveness in altering the maturity of the resulting external debt and reducing macroeconomic vulnerability. This volume is essential reading for all those interested in emerging nations and the costs and benefits of restricting international capital flows.