1.

Record Nr.

UNINA9910956971903321

Titolo

Dealing with the challenges of macro financial linkages in emerging markets / / edited by Otaviano Canuto and Swati R. Ghosh

Pubbl/distr/stampa

Washington, D.C. : , : World Bank, , [2013]

ISBN

9781464800030

1464800030

Edizione

[1st ed.]

Descrizione fisica

1 online resource (pages cm)

Collana

World Bank study

Altri autori (Persone)

CanutoOtaviano

GhoshSwati R

Disciplina

339.509172/4

Soggetti

Monetary policy - Developing countries

Business cycles - Developing countries

Finance - Developing countries

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Bibliographic Level Mode of Issuance: Monograph

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Overview -- ; Chapter 1. Adapting macro prudential approaches to emerging and developing economies / Hyun Song Shin -- ; Chapter 2. Adapting micro prudential regulations for emerging markets / Viral V. Acharya -- ; Chapter 3. Capital flow volatility and systemic risk in emerging markets : the policy toolkit / Stijn Claessens and Swati R. Ghosh -- ; Chapter 4. Monetary policy and macro prudential regulation: whither emerging markets? / Otaviano Canuto and Matheus Cavallari -- ; Chapter 5. Macro prudential policies to mitigate financial vulnerabilities in emerging markets / Stijn Claessens, Swati R. Ghosh, and Roxana Mihet -- ; Chapter 6. Sailing through the global financial storm / Luiz Awazu Pereira da Silva and Ricardo Eyer Harris -- ; Chapter 7. The operation of macro prudential policy measures / Jong Kyu Lee.

Sommario/riassunto

The 2008 financial crisis has highlighted the challenges associated with global financial integration and has emphasized the importance of macro financial linkages. Specifically it has shown how real (business cycles) can interact with and be amplified by the financial sector, resulting in high pro-cyclicality and a buildup of systemic risk in the financial sector that manifests itself during economic downturns.