The Global Financial Crisis of 2007-2009 has highlighted the
resilience of the financial markets and broader economies from the
developing world. This outcome owes much to the bitter experience
and economic strategies developed and implemented at both a
national and international level following the Asian Financial
Crisis of 1997-1998. The objective of this volume is to investigate
and assess the impact and response to the crisis from an emerging
markets perspective including asset pricing, contagion, financial
intermediation, market structure and regulation. Our hope is that
the assembled papers will offer clear insights into the complex
financial arrangements that now link emerging and developed
financial markets in the current economic environment. The volume
spans four dimensions: first, a series of background studies offer
explanations of the causes and impacts of the crisis on emerging
markets more generally; then, implications are considered. The
third and final sections provide insights from regional and
country-specific perspectives.
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