Financial Development, Economic Crises and Emerging Market Economies

Financial Development, Economic Crises and Emerging Market Economies
Author :
Publisher : Taylor & Francis
Total Pages : 259
Release :
ISBN-10 : 9781317301639
ISBN-13 : 1317301633
Rating : 4/5 (633 Downloads)

Book Synopsis Financial Development, Economic Crises and Emerging Market Economies by : Faruk Ulgen

Download or read book Financial Development, Economic Crises and Emerging Market Economies written by Faruk Ulgen and published by Taylor & Francis. This book was released on 2016-08-12 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recurrent crises in emerging markets and in advanced economies in the last decades cast doubt about the ability of financial liberalization to meet the aims of sustainable economic growth and development. The increasing importance of financial markets and financial efficiency criterion over economic decisions and policies since the 1980s laid down the conditions of the development process of emerging market economies. Numerous crises experienced thereafter gave rise to flourishing work on the links between financialization and economic development. Several decades of observations and lessons can now be integrated into economic and econometric models to give more sophisticated and multivariable approaches to financial development with respect to growth and development issues. In the markets-based and private-enterprise dominated world economy, two conditions for a successful growth-enhancing financial evolution can at least be brought fore: macroeconomic stability and consistent supervision. But even after the 2007-2008 global crisis, economists do not agree on the meaning of those conditions. For liberal and equilibrium-market economists, good finance and supervision mean market-friendly structures while for institutionalists, post-Keynesian and Marxist economists, good finance and supervision must lie in collectively designed and managed public structures. Drawing heavily on the tumultuous crises of the 1990s-2000s, this book argues that those experiences can shed light on such a crucial issue and lead economic theory and policy to go beyond the blindness of efficient free markets doctrine to economic catastrophes. It also points to new challenges to global stability in the wake of reconfiguration of international financial arena under the weight of major emerging market economies.


Financial Development, Economic Crises and Emerging Market Economies Related Books

Financial Development, Economic Crises and Emerging Market Economies
Language: en
Pages: 259
Authors: Faruk Ulgen
Categories: Business & Economics
Type: BOOK - Published: 2016-08-12 - Publisher: Taylor & Francis

GET EBOOK

Recurrent crises in emerging markets and in advanced economies in the last decades cast doubt about the ability of financial liberalization to meet the aims of
Global Financial Development Report 2015/2016
Language: en
Pages: 211
Authors: The World Bank
Categories: Business & Economics
Type: BOOK - Published: 2015-08-31 - Publisher: World Bank Publications

GET EBOOK

Global Financial Development Report 2015/2016 focuses on the ability of financial systems to sustainably extend the maturity of financial contracts for private
Finance and Development, June 2015
Language: en
Pages: 183
Authors: International Monetary Fund. Communications Department
Categories: Electronic books
Type: BOOK - Published: 2015 - Publisher:

GET EBOOK

Finance and Development, June 2015.
Finance, Rule of Law and Development in Asia
Language: en
Pages: 545
Authors: Jiaxing Hu
Categories: Business & Economics
Type: BOOK - Published: 2016-04-26 - Publisher: BRILL

GET EBOOK

The financial markets of Hong Kong and Singapore are leading examples in Asian financial development and regulation. Shanghai, which is developing its Free Trad
Markets and Development
Language: en
Pages: 162
Authors: Toby Carroll
Categories: Political Science
Type: BOOK - Published: 2017-10-02 - Publisher: Routledge

GET EBOOK

Markets and Development presents a series of critical contributions focused on the political relationship between citizens, civil society, and neoliberal develo