Financial Policies in Emerging Markets

Author/creator Blejer, Mario I. Editor
Other author Skreb, Marko 1957- Editor
Format Electronic
Publication InfoCambridge : MIT Press
Description265 p. ill 09.000 x 06.000 in.
Supplemental ContentFull text available from eBooks on EBSCOhost
Supplemental ContentFull text available from MIT Press Direct to Open Backfile HSS Monographs
Subjects

Summary Annotation <p>The 1994-1995 Mexican crisis was the first in a succession of financial crises to hit emerging markets in Thailand, Indonesia, Malaysia, South Korea, Russia, Brazil, Argentina, and Turkey. In almost all these cases, problems in the banking sector played a key role. Any analysis of recent developments in emerging market economies must consider two questions: What is the degree of financial vulnerability in emerging market economies, and what, if any, is the connection between the exchange rate regime and financial vulnerability?This book furthers understanding of the impact of financial policies on emerging market economies. Following an introduction by the editors, the book contains two main sections. The first presents theoretical and empirical evidence on the relation between financial policy and financial vulnerability. The second considers financial policy in central and eastern Europe in terms of the euro and the European Monetary Union. Although there is no clear-cut answer to which exchange rate regime works best, the book concludes that the financial vulnerability of emerging market economies suggests the advisability of greater caution in financial system liberalization and management.</p>
Access restrictionAvailable only to authorized users.
Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
LCCN 2002022760
ISBN9780262025256
ISBN0262025256 (Trade Cloth) Active Record
Standard identifier# 9780262025256
Stock number00015994

Availability

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Electronic Resources ✔ Available