With the relaxation of capital controls in a large number of
developed and developing countries and the globalization of capital
markets, economies of emerging markets have attracted a great deal
of attention. The objective of this book is to better understand
the economic characteristics and shortcomings of emerging markets
and provide a discussion of some of the policies which may have to
be adopted in conjunction with financial reforms in developing
countries in order to reduce the risk of another financial crisis.
The book includes case study material.
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