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Financial Crises in "Successful" Emerging Economies by Ricardo Ffrench-Davis; United Nations Economic Commission for Latin America and the Caribbean is a nonfiction available to read on EtoBox.

What is Financial Crises in "Successful" Emerging Economies about?

Financial crises in emerging economies are very different today than they were in the past. Between 1940 and the 1970s, such traumas involved large fiscal deficits, repressed domestic financial systems, and balance of payments situations that were associated with a sharp worsening of terms of trade. In recent years, however, a "new variety" of crisis has evolved in Asia and Latin America. Many of the emerging economies that have experienced financial trauma have been considered very successful until the crises explode. This collection focuses on such economies. The five contributors provide policy-oriented analysis that seeks to identify crucial variables that affect the probability or intensity of crisis. José Antonio Ocampo (ECLAC) and Ricardo Ffrench-Davis explore the variables that play a part in determining whether a financial crisis is likely to occur. They analyze "vulnerability zones" for certain key variables—such as net liquid external liabilities, current-account deficits, and real exchange rates—and examine how and why capital surges have contributed to worsen marcoeconomic fundamentals in emerging economies. Manuel Agosin (University of Chile) draws a parallel between

Who reads Financial Crises in "Successful" Emerging Economies?

Author

Ricardo Ffrench-Davis; United Nations Economic Commission for Latin America and the Caribbean

Publisher

Rowman & Littlefield

Published

2004

Language

EN

ISBN

9780815702115

Category

nonfiction

Subjects

Political Science, Science, Economics