Umfang:
1 online resource (329 pages)
Ausgabe:
1st ed.
ISBN:
9780415501217
,
9781135082277
Serie:
Routledge International Studies in Money and Banking Series
Inhalt:
This book examines the important differences between finance in emerging markets and in the developed world. It includes numerous case studies examining financial systems in specific countries, with a particular focus on Sub-Saharan Africa, South America, East Asia, and the Middle East
Anmerkung:
Intro -- Global Finance in Emerging Market Economies -- Copyright -- Contents -- List of figures -- List of tables -- Preface -- Acknowledgments -- Part I The importance of finance in emerging market economies -- 1 Finance and development -- Introduction -- What is finance and why is it important to economic growth? -- The empirical evidence on the relationship between financial and economic development -- Forms of financial intermediation in financial systems -- A brief look at financial development and financial structure in emerging economies -- Remittances to emerging market economies -- Conclusions -- 2 Information and finance -- Introduction -- Asymmetric information, adverse selection, and moral hazard -- Dealing with information problems and risk -- The external finance premium and credit rationing -- Macroeconomic volatility and credit rationing in emerging economies -- The microfinance revolution -- Information technology and microfinance in emerging economies -- Conclusions -- Part II Domestic finance and policies in emerging markets -- 3 Institutions and financial systems -- Introduction -- The determinants of institutions -- Empirical evidence on institutions -- Do culture and beliefs play a role in creating strong institutions? -- Financial repression -- Comparing the institutions of China and India -- Conclusions -- 4 Fiscal policy and sovereign debt -- Introduction -- The government budget constraint -- The determinants of sovereign borrowing and debt crises -- Sovereign risk premiums and debt relief -- Inflation and central bank independence -- Dollarization -- The Latin American debt crisis of the 1980s -- Conclusions -- 5 Asset bubbles and banking crises -- Introduction -- The causes and consequences of asset bubbles -- Is there a housing bubble in China? -- The causes and consequences of banking crises
,
Empirical evidence on banking crises -- The Mexican "Tequila" crisis of 1994 -- Conclusions -- Part III International finance in emerging markets -- 6 Financial liberalization and capital flows -- Introduction -- The determinants of capital inflows and outflows -- The benefits of capital account liberalization, the arguments for capital controls -- Sequencing financial liberalization -- Empirical evidence on the impact of capital account liberalization on growth -- Capital flows in Asia and Africa -- Conclusions -- 7 Monetary policy and exchange rate management -- Introduction -- The objectives of monetary policy -- The exchange rate policy trilemma -- The tradeoffs between fixed and floating exchange rate strategies -- Intermediate exchange rate regimes and inflation targeting -- Argentina's currency board and the crisis of 2001 -- Conclusions -- 8 International financial crises: currency and twin crises -- Introduction -- Balance of payments and the causes of exchange rate misalignment -- Currency crises and contagion -- Twin crises -- The East Asian twin crises of 1997-1999 -- International reserve accumulation and undervalued exchange rates -- The role of the IMF in financial crises -- Conclusions -- Part IV Describing financial systems in emerging regions of the world -- 9 Financial systems in Sub- Saharan Africa -- Overview -- Financial liberalization and innovation in Sub- Saharan Africa -- Central banking in Sub- Saharan Africa -- Financial development in Nigeria -- Financial success: Botswana -- Financial disaster: Democratic Republic of Congo -- The impact of the 2007 global financial crisis on Sub-Saharan Africa -- Conclusions -- 10 Financial systems in the Middle East and North Africa -- Overview -- Financial development in Egypt -- Islamic finance -- Financial disaster: Iran
,
The United Arab Emirates and the rise of sovereign wealth funds -- Conclusions -- 11 Financial systems in Asia -- Overview -- International capital flows and monetary policy -- The financial system of China -- The financial system of India in comparison with China -- South East Asia and the aftermath of the East Asian crisis in Indonesia and Malaysia -- Conclusions -- 12 Financial systems in Latin America -- Overview -- Offshore financial centers in the Caribbean -- Financial development in Brazil and Mexico -- Remittances to Latin America -- Financial disaster: Argentina -- Dollarization in Latin America -- Conclusions -- Part V Conclusions -- 13 Ten takeaways for understanding finance in emerging market economies -- Notes -- Bibliography -- Index
Weitere Ausg.:
Print version Knoop, Todd Global Finance in Emerging Market Economies Oxford : Taylor & Francis Group,c2013 ISBN 9780415501217
Sprache:
Englisch
Schlagwort(e):
Electronic books
URL:
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