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Emerging Market Capital Flows - Proceedings of a Conference held at the Stern School of Business, New York University on May 23-24, 1996 (Hardcover, 1998 ed.)
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Emerging Market Capital Flows - Proceedings of a Conference held at the Stern School of Business, New York University on May 23-24, 1996 (Hardcover, 1998 ed.)
Series: The New York University Salomon Center Series on Financial Markets and Institutions, 2
Expected to ship within 12 - 17 working days
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In a little over one decade, the spread of market-oriented policies
has turned the once so-called lesser developed countries into
emerging markets. Many forces have been responsible for the
tremendous growth in emerging markets. Trends toward
market-oriented policies that permit private ownership of economic
activities, such as public utilities and telecommunications, are
part of the explanation. Corporate restructuring, following the
debt crisis of the early 1980's has permitted many emerging market
companies to gain international competitiveness. And an essential
condition, a basic sea-change in economic policy, has opened up
many emerging markets to international investors. This growth in
emerging markets has been accompanied by volatility in individual
markets, and a sector-wide shock after the meltdown in the Mexican
Bolsa and Mexican peso, resulting in heated debate over the nature
of these markets. Emerging market capital flows continue to be the
subject of intense discussion around the world among investors,
academics, and policymakers. Emerging Market Capital Flows examines
the issues of emerging market capital flows from several distinct
perspectives, addressing a number of related questions about
emerging markets.
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