Financial Policies in Emerging Markets - Couverture rigide

Couverture rigide

ISBN 10 : 0262025256 ISBN 13 : 9780262025256

Editeur : The MIT Press, 2002

Synopsis

An overview of the financial vulnerability of emerging market economies and how the impact of exchange rate regimes affects this vulnerability.

The 1994-1995 Mexican crisis was the first in a succession of financial crises to hit emerging markets in Thailand, Indonesia, Malaysia, South Korea, Russia, Brazil, Argentina, and Turkey. In almost all these cases, problems in the banking sector played a key role. Any analysis of recent developments in emerging market economies must consider two questions: What is the degree of financial vulnerability in emerging market economies, and what, if any, is the connection between the exchange rate regime and financial vulnerability?

This book furthers understanding of the impact of financial policies on emerging market economies. Following an introduction by the editors, the book contains two main sections. The first presents theoretical and empirical evidence on the relation between financial policy and financial vulnerability. The second considers financial policy in central and eastern Europe in terms of the euro and the European Monetary Union. Although there is no clear-cut answer to which exchange rate regime works best, the book concludes that the financial vulnerability of emerging market economies suggests the advisability of greater caution in financial system liberalization and management.

A propos du livre

À propos de l'auteur

Mario I. Blejer is Vice President at the Central Bank of Argentina and a former Senior Advisor at the International Monetary Fund.

Marko Skreb, former Governor at the Croatian National Bank, is Advisor to the Governor of the Bank of Albania.

Détails de l'édition

• Éditeur: The MIT Press
• Date d'édition: 2002
• Langue: anglais
• ISBN 10: 0262025256
• ISBN 13: 9780262025256
• Reliure: Relié
• Nombre de pages: 266
• Éditeur: Blejer Mario I., Skreb Marko
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible