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Financial Crises in Emerging Markets (Paperback)
Loot Price: R1,427
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Financial Crises in Emerging Markets (Paperback)
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This book looks at numerous financial crises, beginning with Mexico
in 1994-5, the Asian crisis of 1997-8, and the crises in Russia,
Brazil, and other Latin American countries in 1998-9. Such
contemporary crises illustrate the risks of financial volatility
and macroeconomic instability during the process of economic growth
and development. They also raise issues regarding the management of
risks associated with liberalization and global integration,
particularly in financial markets. Concerns about the implications
of international capital flows for developing countries have grown
with the sharply increased volume of these flows since the late
1980s. The essays in this volume provide analysis and evidence on
the determinants of currency and banking crises in emerging
markets, the specific roles of capital flows and the financial
sector, and the appropriateness of various policy responses.
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