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dc.contributor.authorStanley, Leonardo
dc.date.accessioned2018-08-23 23:55
dc.date.accessioned2020-03-16 03:00:26
dc.date.accessioned2020-04-01T12:32:15Z
dc.date.available2020-04-01T12:32:15Z
dc.date.issued2017-04-30
dc.identifier1000373
dc.identifierOCN: 1027760964en_US
dc.identifier.urihttp://library.oapen.org/handle/20.500.12657/29560
dc.description.abstractIn the past, foreign shocks arrived to national economies mainly through trade channels, and transmissions of such shocks took time to come into effect. However, after capital globalization, shocks spread to markets almost immediately. Despite the increasing macroeconomic dangers that the situation generated at emerging markets in the South, nobody at the North was ready to acknowledge the pro-cyclicality of the financial system and the inner weakness of “decontrolled” financial innovations because they were enjoying from the “great moderation.” Monetary policy was primarily centered on price stability objectives, without considering the mounting credit and asset price booms being generated by market liquidity and the problems generated by this glut. Mainstream economists, in turn, were not majorly attracted in integrating financial factors in their models. External pressures on emerging market economies (EMEs) were not eliminated after 2008, but even increased as international capital
dc.languageEnglish
dc.subject.classificationthema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCL International economicsen_US
dc.subject.otherEconomics
dc.subject.otherBrazil
dc.subject.otherChina
dc.subject.otherExchange rate
dc.subject.otherFinancial crisis of 2007–08
dc.subject.otherRenminbi
dc.titleEmerging Market Economies and Financial Globalization
dc.title.alternativeArgentina, Brazil, China, India and South Korea
dc.typebook
oapen.identifier.doi10.2307/j.ctt216683k
oapen.relation.isPublishedBy78b9942e-c650-46e0-882a-0ab8cddd7fe9
oapen.relation.isFundedByb818ba9d-2dd9-4fd7-a364-7f305aef7ee9
oapen.relation.isbn9781783086740
oapen.collectionKnowledge Unlatched (KU)
oapen.grant.number100710
oapen.grant.programKU Select 2016 Front List Collection
oapen.remark.publicRelevant Wikipedia pages: Brazil - https://en.wikipedia.org/wiki/Brazil; China - https://en.wikipedia.org/wiki/China; Exchange rate - https://en.wikipedia.org/wiki/Exchange_rate; Financial crisis of 2007–08 - https://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%9308; Renminbi - https://en.wikipedia.org/wiki/Renminbi
oapen.identifier.isbn9781783086740
grantor.number100710
oapen.identifier.ocn1027760964


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