1.

Record Nr.

UNINA9910812462103321

Titolo

Financial markets volatility and performance in emerging markets [[electronic resource] /] / edited by Sebastian Edwards and Marcio G.P. Garcia

Pubbl/distr/stampa

Chicago, : University of Chicago Press, 2008

ISBN

1-281-95958-8

9786611959586

0-226-18504-4

Edizione

[1st ed.]

Descrizione fisica

1 online resource (299 p.)

Collana

A National Bureau of Economic Research Conference Report

Altri autori (Persone)

EdwardsSebastian <1953->

GarciaMárcio Gomes Pinto

Disciplina

332/.0415091724

Soggetti

Capital market - Developing countries

Capital movements - Developing countries

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and indexes.

Nota di contenuto

Frontmatter -- Relation of the Directors to the Work and Publications of the National Bureau of Economic Research -- Contents -- Preface -- Introduction -- 1. Links between Trade and Finance: A Disaggregated Analysis -- 2. Ineffective Controls on Capital Inflows under Sophisticated Financial Markets -- 3. Financial Openness, Currency Crises, and Output Losses -- 4. Capital Market Development -- 5. Judicial Risk and Credit Market Performance -- 6. Liquidity Insurance in a Financially Dollarized Economy -- 7. Sudden Stops and IMF-Supported Programs -- 8. Mutual Reinforcement -- Contributors -- Author Index -- Subject Index

Sommario/riassunto

Capital mobility is a double-edged sword for emerging economies, as governments must weigh the benefits of investment against the potential economic costs and political consequences of currency crises, devaluations, and instability. Financial Markets Volatility and Performance in Emerging Markets addresses the delicate balance between capital mobility and capital controls as developing countries navigate the convoluted global network of private investors, hedge funds, large corporations, and international institutions such as the



International Monetary Fund.