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Author : Betty C. Daniel
Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.:/5 (318 download)
Download or read book Financial Liberalization and Banking Crises in Emerging Economies written by Betty C. Daniel and published by . This book was released on 2001 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Frederic S. Mishkin
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4./5 ( download)
Download or read book Financial Policies and the Prevention of Financial Crises in Emerging Market Economics written by Frederic S. Mishkin and published by World Bank Publications. This book was released on 2001 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years we have seen a growing number of banking and financial crises in emerging market countries, with great costs to their economies. But we now have a much better understanding of why these crises occur and a better idea how they can be prevented.
Author : Morris Goldstein
Publisher :
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.:/5 (318 download)
Download or read book Banking Crises in Emerging Economies written by Morris Goldstein and published by . This book was released on 1996 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Betty C. Daniel
Publisher :
ISBN 13 :
Total Pages : 47 pages
Book Rating : 4.:/5 (247 download)
Download or read book Financial Liberalization and Banking Crises in Emerging Economies written by Betty C. Daniel and published by . This book was released on 2001 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Reuven Glick
Publisher : Cambridge University Press
ISBN 13 : 9780521800204
Total Pages : 494 pages
Book Rating : 4.8/5 (2 download)
Download or read book Financial Crises in Emerging Markets written by Reuven Glick and published by Cambridge University Press. This book was released on 2001-04-23 with total page 494 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays in this volume analyze causes of financial crises in emerging markets and different policy responses.
Author : Skanderbeg Schmusch
Publisher : GRIN Verlag
ISBN 13 : 3640182618
Total Pages : 29 pages
Book Rating : 4.6/5 (41 download)
Download or read book Financial Crises in Emerging Markets written by Skanderbeg Schmusch and published by GRIN Verlag. This book was released on 2008-10 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2008 in the subject Business economics - Miscellaneous, grade: 1.3, Marmara University (Department of Economics), course: Seminar Paper, 34 entries in the bibliography, language: English, abstract: This paper attemps to picture the economical background of Turkey prior to the 2001 crisis, and then analyze the main characteristics of environment in which such a large scale nancial crisis could break out. The following section will rstly introduce an overview of the basic theoretical literature on nancial crises in emerging markets, as this may contribute towards a better comprehension of the economical interrelations of the theoretical framework in which the Turkish nancial crisis is embedded. Section 3, then, provides the Turkish case in detail. To familiarize the reader with the economical and political enviroment in which the crisis could occur, the rst subsection will provide a brief account of the Turkish economy prior to the crisis, special emphasis will be on the nancial liberalization proccess and the resulting changes in the banking sector. The tide of events of the crisis itself as well as its economical consequences and policy responses are part of the second and third subsection respectively. The paper will be concluded by summing up the essential causes and main characteristics of the crisis and an attempt to assign its place in the theoretical framework.
Author : Carol Wise
Publisher : Brookings Institution Press
ISBN 13 : 0815724772
Total Pages : 258 pages
Book Rating : 4.8/5 (157 download)
Download or read book Unexpected Outcomes written by Carol Wise and published by Brookings Institution Press. This book was released on 2015-03-10 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume documents and explains the remarkable resilience of emerging market nations in East Asia and Latin America when faced with the global financial crisis in 2008-2009. Their quick bounceback from the crisis marked a radical departure from the past, such as when the 1982 debt shocks produced a decade-long recession in Latin America or when the Asian financial crisis dramatically slowed those economies in the late 1990s. Why? This volume suggests that these countries' resistance to the initial financial contagion is a tribute to financial-sector reforms undertaken over the past two decades. The rebound itself was a trade-led phenomenon, favoring the countries that had gone the farthest with macroeconomic restructuring and trade reform. Old labels used to describe "neoliberal versus developmentalist" strategies do not accurately capture the foundations of this recovery. These authors argue that policy learning and institutional reforms adopted in response to previous crises prompted policymakers to combine state and market approaches in effectively coping with the global financial crisis. The nations studied include Korea, China, India, Mexico, Argentina, and Brazil, accompanied by Latin American and Asian regional analyses that bring other emerging markets such as Chile and Peru into the picture. The substantial differences among the nations make their shared success even more remarkable and worthy of investigation. And although 2012 saw slowed growth in some emerging market nations, the authors argue this selective slowing suggests the need for deeper structural reforms in some countries, China and India in particular.
Author : Mohamed Ariff
Publisher : Edward Elgar Publishing
ISBN 13 : 9781781952733
Total Pages : 552 pages
Book Rating : 4.9/5 (527 download)
Download or read book Liberalization, Growth, and the Asian Financial Crisis written by Mohamed Ariff and published by Edward Elgar Publishing. This book was released on 2000-01-01 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work examines the effects of financial liberalization of the more advanced economies in Southeast Asia and analyses the degree to which emerging and transitional economies in East and South Asia can benefit from this example.
Author : Todd A. Knoop
Publisher : Routledge
ISBN 13 : 0415501210
Total Pages : 330 pages
Book Rating : 4.4/5 (155 download)
Download or read book Global Finance in Emerging Market Economies written by Todd A. Knoop and published by Routledge. This book was released on 2013 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title focuses on the important characteristics of financial systems in emerging market economies and their differences from those in developed countries. The book surveys both theoretical and empirical research on finance in emerging economies, as well as reviewing numerous case studies.
Author : Philip Arestis
Publisher : Springer
ISBN 13 : 3319412191
Total Pages : 384 pages
Book Rating : 4.3/5 (194 download)
Download or read book Financial Liberalisation written by Philip Arestis and published by Springer. This book was released on 2016-11-26 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the thirteenth volume in the International Papers in Political Economy (IPPE) series which explores the latest developments in political economy. A collection of eight papers, the book concentrates on the deregulation of domestic financial markets and discusses financial liberalisation in terms of its past performance, current progress and future developments. The chapters have been written by expert contributors in the field and focus on topics such as past records of financial liberalisation, future policies of regulation, and current account imbalances. Other papers examine capital account regulations in developing and emerging countries, and capital controls in the Eurozone after the 2007 financial crisis. This collection of papers invites readers to consider the impact of financial liberalisation both during and after the global economic crisis. Scholars and students with an interest in political economy, financialisation, and economic performance will find this collection stimulating and informative.
Author : Barry Eichengreen
Publisher :
ISBN 13 :
Total Pages : 70 pages
Book Rating : 4.:/5 (318 download)
Download or read book Banking Crises in Emerging Markets written by Barry Eichengreen and published by . This book was released on 2000 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The existing empirical literature on banking crises has not produced agreement on their causes. Using a sample of 75 emerging markets in 1975-1997, we attempt to determine what we know about banking crises by establishing which previous results are robust. Among the robust causes of emerging-market banking crises are rapid domestic credit growth, large bank liabilities relative to reserves, and deposit-rate decontrol. On the other hand, there is no compelling evidence of any particular relationship between exchange rate regimes and crises. Finally, the evidence that deposit insurance or a weak institutional environment heighten crisis risk appears to be fragile."--Authors.
Author : Faruk Ulgen
Publisher : Taylor & Francis
ISBN 13 : 1317301633
Total Pages : 259 pages
Book Rating : 4.3/5 (173 download)
Download or read book Financial Development, Economic Crises and Emerging Market Economies written by Faruk Ulgen and published by Taylor & Francis. This book was released on 2016-08-12 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recurrent crises in emerging markets and in advanced economies in the last decades cast doubt about the ability of financial liberalization to meet the aims of sustainable economic growth and development. The increasing importance of financial markets and financial efficiency criterion over economic decisions and policies since the 1980s laid down the conditions of the development process of emerging market economies. Numerous crises experienced thereafter gave rise to flourishing work on the links between financialization and economic development. Several decades of observations and lessons can now be integrated into economic and econometric models to give more sophisticated and multivariable approaches to financial development with respect to growth and development issues. In the markets-based and private-enterprise dominated world economy, two conditions for a successful growth-enhancing financial evolution can at least be brought fore: macroeconomic stability and consistent supervision. But even after the 2007-2008 global crisis, economists do not agree on the meaning of those conditions. For liberal and equilibrium-market economists, good finance and supervision mean market-friendly structures while for institutionalists, post-Keynesian and Marxist economists, good finance and supervision must lie in collectively designed and managed public structures. Drawing heavily on the tumultuous crises of the 1990s-2000s, this book argues that those experiences can shed light on such a crucial issue and lead economic theory and policy to go beyond the blindness of efficient free markets doctrine to economic catastrophes. It also points to new challenges to global stability in the wake of reconfiguration of international financial arena under the weight of major emerging market economies.
Author : Gerard Caprio
Publisher : Cambridge University Press
ISBN 13 : 0521803691
Total Pages : 320 pages
Book Rating : 4.5/5 (218 download)
Download or read book Financial Liberalization written by Gerard Caprio and published by Cambridge University Press. This book was released on 2001-10-08 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides a rounded view of financial liberalization after the collapses in East Asia.
Author : Asli Demirgüç-Kunt
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 53 pages
Book Rating : 4./5 ( download)
Download or read book Financial Liberalization and Financial Fragility written by Asli Demirgüç-Kunt and published by World Bank Publications. This book was released on 1998-06-01 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: A study of 53 countries during 1980-95 finds that financial liberalization increases the probability of a banking crisis, but less so where the institutional environment is strong. In particular, respect for the rule of law, a low level of corruption, and good contract enforcement are relevant institutional characteristics. the data also show that, after liberalization, financially repressed countries tend to have improved financial development even if they experience a banking crisis. This is not true for financially restrained countries. This paper’s results support a cautious approach to financial liberalization where institutions are weak, even if macroeconomic stabilization has been achieved.
Author : Asli Demirgüç-Kunt
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4./5 ( download)
Download or read book The Determinants of Banking Crises - Evidence from Developing and Developed Countries written by Asli Demirgüç-Kunt and published by World Bank Publications. This book was released on 1997-09-01 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper studies the factors associated with the emergence of systemic banking crises in a large sample of developed and developing countries in 1980–94, using a multivariate logit econometric model. the results suggest that crises tend to erupt when the macroeconomic environment is weak, particularly when growth is low and inflation is high. Also, high real interest rates are clearly associated with systemic banking sector problems, and there is some evidence that vulnerability to balance of payments crises has played a role. Countries with an explicit deposit insurance scheme were particularly at risk, as were countries with weak law enforcement.
Author : Gerard Caprio
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4./5 ( download)
Download or read book Beyond Capital Ideals written by Gerard Caprio and published by World Bank Publications. This book was released on 1999 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Hard on the heels of Mexico's crisis in 1994, a wave of financial crises swept across emerging economies-- from East Asia and Russia to Brazil-- bringing the fragility of banking and finance into unprecedented focus. What has gone wrong?--Cover.
Author : Frederic S. Mishkin
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (129 download)
Download or read book Financial Policies and the Prevention of Financial Crises in Emerging Market Economies written by Frederic S. Mishkin and published by . This book was released on 2016 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years we have seen a growing number of banking and financial crises in emerging market countries, with great costs to their economies. But we now have a much better understanding of why these crises occur and a better idea how they can be prevented.Mishkin defines a financial crisis as a disruption in financial markets in which adverse selection and moral hazard problems become much worse, so that financial markets are unable to efficiently channel funds to those who have the most productive investment opportunities. As financial markets become unable to function efficiently, economic activity sharply contracts. Factors that promote financial crises include, mainly, a deterioration in financial sector balance sheets, increases in interest rates and in uncertainty, and deterioration in nonfinancial balance sheets because of changes in asset prices.Financial policies in 12 areas could help make financial crises less likely in emerging market economies, says Mishkin. He discusses:- Prudential supervision.- Accounting and disclosure requirements.- Legal and judicial systems.- Market-based discipline.- Entry of foreign banks.- Capital controls.- Reduction of the role of state-owned financial institutions.- Restrictions on foreign-denominated debt.- The elimination of too-big-to-fail practices in the corporate sector.- The proper sequencing of financial liberalization.- Monetary policy and price stability.- Exchange rate regimes and foreign exchange reserves.If the political will to adopt sound policies in these areas grows in emerging market economies, their financial systems should become healthier, with substantial gains both from greater economic growth and smaller economic fluctuations.This paper - a product of the Financial Sector Strategy and Policy Department - was prepared for the NBER conference, quot;Economic and Financial Crises in Emerging Market Economies,quot; Woodstock, Vermont, October 19-21, 2001. The author may be contacted at [email protected].
