Electronic Resource

Emerging market economies and financial globalization:argentina, brazil, china, india and south korea

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In the past, foreign shocks arrived to national economies mainly through trade channels, and transmissions of such shocks took time to come into effect. However, after capital globalization, shocks spread to markets almost immediately. Despite the increasing macroeconomic dangers that the situation generated at emerging markets in the South, nobody at the North was ready to acknowledge the pro-cyclicality of the financial system and the inner weakness of “decontrolled” financial innovations because they were enjoying from the “great moderation.” Monetary policy was primarily centered on price stability objectives, without considering the mounting credit and asset price booms being generated by market liquidity and the problems generated by this glut. Mainstream economists, in turn, were not majorly attracted in integrating financial factors in their models. External pressures on emerging market economies (EMEs) were not eliminated after 2008, but even increased as international capital

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Ketersediaan

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Informasi Detail

Judul Seri

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No. Panggil

330 STA e

Penerbit

New York : Anthem Press., 2018

Deskripsi Fisik

pages cm.

Bahasa

English

ISBN/ISSN

9781783086740

Klasifikasi

330

Tipe Isi

text

Tipe Media

computer

Tipe Pembawa

online resource

Edisi

-

Subjek

India
Brazil
China
Humans
Republic of Korea

Info Detail Spesifik

-

Pernyataan Tanggungjawab

-

Versi lain/terkait

Lampiran Berkas

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