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037 _5BiblioBoard
245 0 0 _aEmerging Market Economies and Financial Globalization
_bArgentina, Brazil, China, India and South Korea /
_cLeonardo Stanley.
020 _a9781783086740
029 1 _ahttps://library.biblioboard.com/ext/api/media/c035d337-6841-4c40-b7f4-182703960998/assets/thumbnail.jpg
040 _aScCtBLL
_cScCtBLL
100 1 _aStanley, Leonardo
_eauthor.
264 1 _bAnthem Press,
300 _a1 online resource (260 p.)
506 0 _aAccess copy available to the general public.
_fUnrestricted
_2star
520 _aIn 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 “decontrolledâ€_x009d_ financial innovations because they were enjoying from the “great moderation.â€_x009d_ 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
588 0 _aDescription based on print version record.
590 _aKU Select 2016 Front List Collection
650 7 _aPolitical Science / Political Economy
_2bisacsh
650 0 _aPolitical science
655 0 _aElectronic books.
758 _iIs found in:
_aKnowledge Unlatched
_1https://openresearchlibrary.org/module/2774bc74-146a-484f-a7ba-ab1d6a09bbfb
856 4 0 _uhttps://openresearchlibrary.org/content/c035d337-6841-4c40-b7f4-182703960998
_zView this content on Open Research Library.
_70
999 _c33811
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