ISBN:
9781403990099
Language:
English
Pages:
Online-Ressource (XVI, 340 p, online resource)
Series Statement:
Studies in Development Economics and Policy
Series Statement:
SpringerLink
Series Statement:
Bücher
Series Statement:
Springer eBook Collection
Series Statement:
Palgrave Economics & Finance Collection
Series Statement:
Springer ebook collection / Palgrave Economics and Finance Collection 2000 - 2013
Parallel Title:
Erscheint auch als
Parallel Title:
Printed edition
Keywords:
Finanzmarkt
;
Internationaler Kredit
;
Kapitalmobilität
;
Geldpolitik
;
Entwicklungsländer
;
Economics
;
Capital movements Developing countries
;
Monetary policy Developing countries
;
Capital market Developing countries
;
Finance
;
Development economics
;
Konferenzschrift
;
Entwicklungsländer
;
Kapitalmarkt
;
Kapitalbewegung
;
Entwicklungsländer
;
Geldpolitik
Abstract:
This book analyzes the new trends in capital flows to emerging markets since the Asian crisis, their determinants and policy implications. It explains why such flows have declined so dramatically in recent years, emphasising both structural and cyclical factors. Senior bankers, regulators, and well-known academics explain the behaviour of different players. The book breaks new ground by showing in detail how such behaviour has contributed to the decline of flows and their volatility. The book suggests what coping mechanisms developing countries could adopt to deal with crisis situations; what measures should be taken at the national and international levels to make recipient countries less vulnerable to international financial instability; how such instability can be reduced; and what can be done on the source countries to encourage larger more stable capital flows to developing countries
Description / Table of Contents:
Cover; Contents; List of Tables; List of Figures; Preface; Acknowledgements; List of Abbreviations; Notes on the Contributors; 1 Capital Flows to Emerging Economies: Does the Emperor Have Clothes?; 2 Financial Crises and National Policy Issues: An Overview; Part I The Supply of Capital; 3 Liquidity Black Holes: Why Modern Financial Regulation in Developed Countries is Making Short-Term Capital Flows to Developing Countries Even More Volatile; 4 International Bank Lending: Water Flowing Uphill?; 5 Bank Lending to Emerging Markets: Crossing the Border
Description / Table of Contents:
6 Derivatives, the Shape of International Capital Flows and the Virtues of Prudential Regulation7 Ratings since the Asian Crisis; 8 Proposals for Curbing the Boom-Bust Cycle in the Supply of Capital to Emerging Markets; 9 Corporate Risk Management and Exchange Rate Volatility in Latin America; 10 The New Basel Capital Accord and Developing Countries: Issues, Implications and Policy Proposals; 11 The Instability of the Emerging- Market Assets Demand Schedule; Part II National Policy Responses; 12 Capital Account and Countercyclical Prudential Regulations in Developing Countries
Description / Table of Contents:
13 How Optimal are the Extremes? Latin American Exchange Rate Policies during the Asian Crisis14 Countercyclical Fiscal Policy: A Review of the Literature, Empirical Evidence and Some Policy Proposals; 15 Financial Regulation and Supervision in Emerging Markets: The Experience of Latin America since the Tequila Crisis; Index;
Note:
"In association with the United Nations University/World Institute for Development Economics Research
,
Includes bibliographical references and index
DOI:
10.1057/9781403990099
URL:
Volltext
(Deutschlandweit zugänglich)
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